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    HomeNewsBusinessCompaniesPlanning capex of nearly Rs 418 crore, says Madras Fertilizers

    Planning capex of nearly Rs 418 crore, says Madras Fertilizers

    The Madras Fertilizers stock has been very excited in trade off late with a 50 percent gain in the last five sessions. In an interview to CNBC-TV18, AB Khare, CMD of Madras Fertilizers spoke about the latest happenings in the company and gave his outlook for the future.

    CNBC-TV18
    November 30, 2017 / 10:19 IST

    The Madras Fertilizers stock has been very excited in trade off late with a 50 percent gain in the last five sessions.

    In an interview to CNBC-TV18, AB Khare, CMD of Madras Fertilizers spoke about the latest happenings in the company and gave his outlook for the future.

    We are planning capex of nearly Rs 418 crore, said Khare.

    He further said that our total debt is around Rs 1,000 crore with principal amount at Rs 500 crore. However, we are not paying interest to government but have been paying interest to banks, he added.

    Khare said that the government's current shareholding is 59.5 percent.

    We expect a loss in FY18 unless government waives loan, Khare added.

    Watch accompanying video for more details.

    CNBC-TV18
    first published: Nov 30, 2017 10:19 am

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