Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsTarget is to be debt-free by FY19: Star Cement

    Target is to be debt-free by FY19: Star Cement

    Expect to receive subsidy worth Rs 150 crore in H2FY18, which will go towards the repayment of debt, Sanjay Gupta, CEO of Star Cement told CNBC-TV18.

    CNBC-TV18
    November 15, 2017 / 13:58 IST

    Star Cement reported mixed set of Q2 numbers. In an interview with CNBC-TV18, Sanjay Gupta, CEO of the company discussed the company's Q2 performance.

    We are confident of reporting 10 percent volume growth in full year FY18, he said.

    Long-term debt of the company is Rs 400 crore, he added.

    Expect to receive subsidy worth Rs 150 crore in H2FY18, which will go towards the repayment of debt, said Gupta.

    We hope to become a debt-free company by FY19, he further mentioned.

    For full interview, watch accompanying video...

    CNBC-TV18
    first published: Nov 15, 2017 01:58 pm

    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
    CloseOutskill Genai