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Last Updated : Jun 08, 2017 02:34 PM IST | Source: CNBC-TV18

Bharat Wire Ropes targeting Rs 300 crore revenue in FY18

In an interview to CNBC-TV18, ML Mittal, MD of Bharat Wire Ropes spoke about the latest happenings in his company.

In an interview to CNBC-TV18, ML Mittal, MD of Bharat Wire Ropes spoke about the latest happenings in his company.

New facility at Chalisgaon started production from March 2017.

He further said that the current order book is around Rs 60 crore but this time they booked additional Rs 37 crore mainly from domestic market and exports.

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We are targeting Rs 300 crore of revenue in FY18, said Mittal.

According to him, the total debt is around Rs 330 crore for the new project.

Domestic business will be around 40 percent, export around 60 percent and if everything goes smoothly we might touch 80 percent exports in the coming years, he added.

Watch accompanying video for more details.

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First Published on Jun 8, 2017 02:34 pm

tags #Business

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