CNBC-TV18's Kevin Lee caught up with Praveen Sood, Group CFO of HCC and asked him about their Q1 performance and if the worst is over for the company.
We have been able to recover to some extent on the margin front, said Sood.
He expects to achieve improved turnover figures.
According to him, margin improved sequentially due to claims received and better product mix.
Sood expects to receive Rs 1,500-2,000 crore worth of claims this year through awards.
Speaking about debt, he said debt reduced By around Rs 250 crore in Q1. The current debt stands at Rs 4,000 crore, he added.
Expect interest cost to come down significantly going forward, said Sood.
Watch accompanying video for more details.
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