Satish Parakh, managing director, Ashoka Buildcon says the company will use the funds to pare off its working capital debt.
For the company per se, the write-downs in inventory have been substantial for the first quarter of FY15, said Tarun Sawhaney vice chairman & managing director, Triveni Engineering and Industries.
Arvind had taken some forward cover on the rupee and are hence yet to get the full benefit of rupee depreciation. They will be almost on par with the rupee rate in the third and the fourth quarter.