Aim to be debt free around 2020; progressing well on target: Welspun Corp

In an interview to CNBC-TV18, Vipul Mathur, CEO & MD of Welspun Corp spoke about the results and his outlook for the company.

Mathur said that on year-on-year basis we have shown considerable increase in our margins but in this particular quarter the blend of orders what we have was more on the domestic side of it and that is getting reflected into our EBITDA margin.

On order book front, he said we have a confirmed order book of 1.28 million tonne and the total value is around Rs 8,200 crore.

Talking about debt, he said we have been able to pay around Rs 360 crore. Current net debt stands around Rs 640 crore.

“We have our stated objective of becoming a debt free company around 2020 and we are progressing well on the target,” he added.

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