In an interview with CNBC-TV18, Rahul Shah, Executive Director at Nitin Fire says the company is planning to further expand business in European, African and the North American markets in coming years.
In an interview with CNBC-TV18‘s Anul Singhal and Ekta Batra, Rahul Shah, Director, Nitin Group of Industries, discussed the firm‘s fourth quarter earnings.
The company is currently enjoying 15-20 percent margins in the domestic market.
Nitin Fire has posted a 4 percent rise in net profit at Rs 21.2 crore as against Rs 20.4 crore for the quarter ended December.
Nitin Shah, chairman, Nitin Fire Protection Industries, says the promoters have been buying from the public float due to their optimism in the company's business.
Nitin Fire Protection Industries was in the headlines today because the board had met to discuss fund raising options. Rahul Shah, Executive Director of Nitin Fire tells CNBC-TV18 in an exclusive interview that the board has approved the same, willing to raise up to USD 100 million.
Nitin Shah, CMD, Nitin Fire, in an interview on CNBC-TV18 spoke about the latest happenings in his company and sector. He also spoke about the company's acquisition plans and what the road ahead looked like.