Sagar Cements reported a good set of Q1 earnings. In an interview to CNBC-TV18, Sreekanth Reddy, ED of Sagar Cements spoke about the results and his outlook for the company.
On capacity, he said that the internal target for the company is to expand capacity to 6.5 million tonne (mt) by 2020.
Current gross debt is at Rs 465 crore and net debt is at Rs 365 crore, he added.
The overall interest cost of the company is at 11.5 percent and he hopes to reduce it to sub 10.5 percent. With that we expect the finance cost also to come down sharply, said Reddy.
Sagar Cements has internal target of reaching 10 mt of capacity by 2025. It will be a mix of organic, inorganic as well as brownfield expansion, so it is a combination of all of them, he further mentioned.
For full interview, watch accompanying video...
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