What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
In a CNBC-TV18 exclusive, Anshu Sharma caught up with outgoing CMD of Engineers India Ltd (EIL), Sanjay Gupta and asked him about the key drivers for raising their guidance.
In an interview with CNBC-TV18, Prabir Ghosh, Wholetime Director & CFO of McNally Bharat said the new project will help in attaining 8-9 percent margin growth in FY16.
On the possible divestment of NFL, Neeru Abrol said there has been no news from the government with reference to disinvestment during the fiscal. The government currently holds 89.71 percent in NFL.
Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.
Ashok Kumar Purwaha, chairman, Engineers India Limited explains to CNBC-TV18 the company will post reasonable growth after recording continued growth in turnover of 50% with PBT and PAT levels at over-33%.
Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn’t require any borrowings in FY12. “We are a zero debt company today and are sitting on a cash of about Rs 2,000 crore. We don't need to go in for any borrowings.”