In an interview to CNBC-TV18, Puneet Khurana, Director of Everest Kanto Cylinder spoke about the results and his outlook for the company.
The Supreme Court on Tuesday extended the deadline for all taxis in the National Capital Region to convert to CNG mode from March 1 to March 31 and directed the Centre to set up 104 gas stations in ten districts of NCR
Everest Kanto have been reporting losses over the past few quarters and Prem Khurana, CMD of the company blames OEMs for its low growth in the Indian market.
In an interview with CNBC-TV18, Prem Khurana, CMD, Everest Kanto Cylinder Limited attributed the drop in sales to 30% fall in the UAE business. At present, the company is coping with a high loan burden of Rs 450 crore and it is looking to repay USD 30 million this year.
Prem Khurana, chairman and managing director of Everest Kanto says, there was an impact in the Middle East market. "We are sure our Middle East sales will improve in the short run,” he adds.
Speaking to CNBC-TV18 in an exclusive interview, Prem Khurana, CMD of Everest Kanto Cylinders, says that net sales shot up over 54% for the company that buoyed up profits.
In an interview with CNBC-TV18, Prem Khurana, chairman and managing director of Everest Kanto Cylinder, spoke about the company’s fourth quarter performance and the road ahead.
In an interview with CNBC-TV18, Prem Khurana, CMD, Everest Kanto, spoke about the results and his outlook for the company.