Chairman and managing director Ashok Kumar Bansal indicated that the company has cut down its capex plan from Rs 720 crore to Rs 350 crore in last couple of months. However, Bansal feels that the main impact is due to the finance cost.
Arvind's revenue was up 22.5% at Rs.1255.7 crore versus Rs.1024.9 crore. Chairman and managing director Sanjay Lalbhai expects to improve margins from current levels of 15-16% and maintain a 20% topline growth this year. The company’s revenue target for this year is USD 1 billion and USD 2 billion by FY15.
Where do satellites go to die? They come back crashing through the atmosphere back to Earth. The Upper Atmosphere Research Satellite or UARS as it‘s