Supreme Industries is confident of reducing its debt by around Rs 150 crore by December-end, MD MP Taparia said.
Supreme Industries Chairman MP Taparia tells CNBC-TV18 that higher monetary costs along with low growth in this division have resulted in the company lowering its guidance, keeping it close to Rs 350-375 crore.
In an interview to CNBC-TV18, MP Taparia, chairman of Supreme Industries said, the company expects FY12 turnover to be above Rs 2,800 crore.