West Coast Paper Mills will likely be debt-free within the next two years says Vice Chairman Saurabh Bangur. However, the company is also contemplating capacity expansions which might mean fresh debt could come on books, he adds.
With USD 75 million of ECB along with Rs 150 crore of domestic loans against their cash earnings, West Coast Paper hopes to be a debt free company in the coming quarters.
KL Chandak, ED, West Coast Paper Mills, in an interview with CNBC-TV18 Latha Venkatesh and Gautam Broker, said that the company expects the topline and operating margins to grow by 40% and 28%, respectively, in FY12.
In an interview with CNBC-TV18, KL Chandak, executive director of West Coast Paper Mills, spoke about the results and his outlook for the company.