Time Technoplast have a capacity of 700,000 cylinders, said Anil Jain, MD of the company.
Speaking to CNBC-TV18, Anil Jain, Managing Director of Jain Irrigation Systems, said the note ban enforced by the government had â€œfrozen everythingâ€ in rural areas for two months.
This issue marks the successful debut of Jain Irrigation in the US dollar bond market, it said. The notes are proposed to be listed on the Singapore Stock Exchange.
"Plastic business is growing because of the infrastructure growth. We have got Rs 300 crore order under AMRUT (Atal Mission for Rejuvenation and Urban Transformation) cities water programme", Anil Jain, MD of Jain Irrigation told CNBC-TV18.
Selling shares to fund construction of commercial property, says Anil Jain, MD of Time Technoplast.
Speaking to CNBC-TV18, Anil Jain, MD of Jain Irrigation Systems said that the company is not affected by the developments in Maharashtra irrigation projects.
In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.
"The rains are very good now, so post October, we expect lot more demand. Also, some of the government action like making sugarcane mandatory with drip should result into a very strong domestic business," Anil Jain, MD of Jain Irrigation said.
Speaking to CNBC-TV18 about quarterly performance, Anil Jain, MD of Time Technoplast said that the net realisation has gone up by 10 percent.
The company, a manufacturer of polymer products, recently sold its overseas assets and used the money to pay off its debts, says Anil Jain, Managing Director, Time Technoplast.
The collaboration between Tata Trusts and JISL is aimed at strengthening the field and market based livelihood of farmers, according to to a release issued here.
Anil Jain, MD, Time Technoplast, says FY17 revenues will go up to Rs 170 crore from composite cylinders.
Anil Jain, MD of Time Technoplast, manufacturers of polymer products talks to CNBC-TV18 about the impact of this drop in raw material price.
The company's subsidiary Jain Farm Fresh Foods' (JFFFL) board has decided to raise Rs 396 crore from Mandala Capital â€” a firm focused exclusively on long-term investments in the food industries â€” subject to regulatory requirements
CNBC-TV18 learns from sources that Jain Irrigation may sell a 25 percent stake in its food division for around Rs 500 crore. Shareholders have already approved the proposal to create a food processing arm, MD Anil Jain says, adding that the lenders‘ approval for the subsidiary should come in by December
Highlights Porter Prize is named after Michael E. ...
This episode of Making It Big focuses on a man who falls in an exceptional category, Anil Jain and his company Time Technoplast.
Anil Jain, MD of Jain Irrigation says a good monsoon would come with a positive sentiment but for farmers in Marathwada and Telangana, severe drought might affect the company's performance.
Anil Jain, MD, Time Technoplast says strong polymer demand comes from countries like Indonesia, Vietnam, Thailand, Egypt and Saudi Arabia where replacing metal packaging with polymers is still a developing notion.
Wipro will improve T-Mobile's legacy application consolidation and rationalisation, transforming its operating model from application-focus to domain-focus leading to better customer service, the company said in a press release.
The company reduced its overall debt by Rs 360 crore during the March quarter, and aims to reduce it by another Rs 300 crore this year.
In an interview to CNBC-TV18, Jain said his company has a 50 percent share in drip irrigation and he sees huge potential in this segment in the coming days.
Richard Rekhy, CEO, KPMG India said the government should not sacrifice fiscal prudence. He feels the government can have a fiscal deficit arising out of creating assets but capital expenditure may not necessarily be bad because it will help in generating revenues.
Anil Jain, MD, Jain Irrigation is confident of the fourth quarter performance being better than third quarter and hopes to clock 13-14 percent consolidated growth in FY15.
While taking a tough standing as to hoarding will certainly help as a long-term solution to tackling food inflation, it will also indicate that the government will have to take steps to increase agricultural productivity.