Dilip Jiwrajka, managing director of Alok Industries, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the company is likely to raise about Rs 2000 crore through a land sale over next 12 months.
Alok Industries saw a minor margin pressure in the Q4 results. Dilip Jiwrajka, managing director of the company accounts rising cotton prices as the reason for the pressure. However, he says, “the cotton prices are softening, hence, we should be able to maintain the margins, going forward.”