Speaking to CNBC-TV18, Shalabh Mittal, MD and CEO of Mercator said that the company is focused on deleveraging its balancesheet and has brought down debt to Rs 2,000 crore against Rs 3,000 crore in the first 9 months of FY17.
In an interview with CNBC-TV18, MD & CEO Shalabh Mittal said Mercator will sustain its Q1 performance going forward with the rise in coal price boosting margins.
Following a string of losses and a run-in with lenders, Mercator Ltd has decided to exit its Singapore subsidiary, sources have told CNBC-TV18.
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