Moneycontrol
Last Updated : Aug 04, 2017 02:15 PM IST | Source: CNBC-TV18

Ganesh Benzoplast expects topline of Rs 80cr from infra business

Ganesh Benzoplast is in focus today and that is because the stock is up 128 percent since its November 2016 lows. In an interview to CNBC-TV18, Rishi Pilani, CMD of the company spoke about what led to this turnaround.

Ganesh Benzoplast is in focus today and that is because the stock is up 128 percent since its November 2016 lows. In an interview to CNBC-TV18, Rishi Pilani, CMD of the company spoke about what led to this turnaround.

Expect a topline of Rs 80 crore from the infra business, said Pilani.

On chemical business, the company is looking to unlock value. Have been in talks for hiving-off the chemical business, he added.

The current borrowing cost is at 13 percent versus 20 percent of last year

Pilani is hoping to reach Rs 9-10 crore in terms of finance cost.

Not planning to further reduce stake in the company, he added.

Watch accompanying video for more details.
First Published on Aug 4, 2017 02:15 pm
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