Sunil Khandelwal, chief financial officer of Alok Industries, in an interview to CNBC-TV18, spoke about the latest happening in the company and the road ahead.
Sunil Khandelwal, chief financial officer, Alok Industries speaking to CNBC-TV18 about new duty drawback plan announced for exporters said, "We are yet to get details product wise but prima facie there is marginal reduction in the rates but that should not be of much significance."
Alok Industries has put its IPO plan for its home and apparel brand H&A on hold. The stock is down by 6%. However, Sunil O Khandelwal, chief financial officer of Alok Industries denied any such news.
Dilip Jiwrajka, managing editor of the company tells CNBC-TV18 that the plan to sell off the land bank is progressing on track. “The land sale is expected to bring in cash of around Rs 2000 crore, and that will be entirely used to reduce debt,” he assures.
About 33% of the revenues of Alok Industries come from exports. However, despite the global turmoil, the company’s chief financial officer, Sunil O Khandelwal says there is no impact seen on the exports and the order book.
Textile sector has been doing very well in the past several weeks and one of the reasons behind the performance has been 37% fall in cotton prices on high acreage. In an interview with CNBC-TV18, Sunil Khandelwal, CFO of Alok Industries, spoke about how the textile industry is dealing with a consistent and sharp fall in cotton prices.
In an interview with CNBC-TV18, Sunil Khandelwal, CFO of Alok Industries, spoke about the latest inflation figures and his reading of its impact on his sector. He said the company plans to focus on textile going forward.
Sunil Khandelwal CFO, Alok Industries, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about the recent happenings in his country and the road ahead.
Naishad Parikh, Head of Policy Initiatives, Representative, Arvind Mills and Sunil O Khandelwal, CFO of Alok Industries analyse the few perks that have benefited the garment industry and the all round budget impact that hasn’t been up to the mark as per the recommendations of Textile Industry.