Lux Industries was buzzing in trade on Wednesday on back of news that Reliance MF had bought four lakh shares in the company.
In an interview to CNBC-TV18, Sajjan Kedia, VP-Finance & Corporate Compliances at Lux Industries said Dankuni, West Bengal plant should be operational by September-end or first week of October.
The company aims for a turnover of over 10 percent in FY17 and an addition of Rs 350 crore to the topline growth over 1-2 years, says Saket Todi, the VP of Lux Industries in an interview to CNBC-TV18.
Ajay Patodia, CFO of Lux Industries says the company's margins will expand from the current eight percent and it will soon start reducing its debt.