English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsLooking to post sales growth of 12% in FY18: Cochin Shipyard

    Looking to post sales growth of 12% in FY18: Cochin Shipyard

    Cochin Shipyard posted a weak Q2. In an interview to CNBC-TV18, Madhu S Nair, CMD of the company spoke about the results and his outlook going ahead.

    CNBC-TV18
    November 21, 2017 / 11:26 IST

    Cochin Shipyard posted a weak Q2. In an interview to CNBC-TV18, Madhu S Nair, CMD of the company spoke about the results and his outlook going ahead.

    During initial public offering (IPO) we had projected plus 12 percent topline growth and we are well on course to achieve that, said Nair.

    He further said that this year we may go ahead a bit more than 12 percent figure.

    We will look to increase turnover by 60-65 percent post construction of new terminal, Nair added.

    This facility will have a ship lift and transfer system, he further mentioned.

    Watch accompanying video for more details.

    CNBC-TV18
    first published: Nov 21, 2017 11:25 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347