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    HomeNewsBusinessCompaniesExpect margins to improve: Godawari Power & Ispat

    Expect margins to improve: Godawari Power & Ispat

    Godawari Power and Ispat is up 350 percent this year and up nearly 58 percent in December alone. In an interview with CNBC-TV18, Dinesh Gandhi, Director of the company discussed about what lies ahead.

    CNBC-TV18
    December 19, 2017 / 14:51 IST

    Godawari Power and Ispat is up 350 percent this year and up nearly 58 percent in December alone.

    In an interview with CNBC-TV18, Dinesh Gandhi, Director of the company discussed about what lies ahead.

    Demand from China for pellets have increased in Q3, he said.

    There is an increase in delta in the pellet prices in the international market, which will help the company improve the operating margins going forward, he added.

    Margins will definitely improve, said Gandhi.

    On debt reduction plan, he said that the company has around Rs 2,175 crore of consolidated debt as on March 31 which has already gone down by about Rs 106 crore in the first half of the current year to Rs 2,069 crore.

    For full interview, watch accompanying video...

    CNBC-TV18
    first published: Dec 19, 2017 02:47 pm

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