Triveni Glass Plans To Pay Debt, Increase Output With Plant Sale Proceeds

Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Triveni Glass Ltd., an Indian maker of glass products that’s doubled in market value this year, plans to pay off debt and expand capacity of building products with cash it expects to get from selling assets.  “We are in talks with local distributors who would like to enter manufacturing,” Finance Director A.K.

Dhawan said in a telephone interview today. “The purpose of the sale is to clear all our liabilities. If there’s money remaining, we’ll invest it in our Andhra Pradesh plant.” The company’s debt is about 1.5 billion rupees ($32 million), Dhawan said. That’s about five times the market value.
 
Read more here.

600450 Triveni Glass Plans To Pay Debt, Increase Output With Plant Sale Proceeds glassonweb.com

See more news about:

Others also read

Mr. Pradeep Kheruka, Vice Chairman of Borosil, talks about trends in the market and why LiSEC was the best option to invest in.
Seamless transition from your home to terrace or garden.
ZAK GLASS TECHNOLOGY is the largest glass exposition in India, which always attracts lots of professionals and experts in glass industry coming from all over the world.
Koemmerling – India’s most loved brand of the year 2018.
AIS Glass Simulator lets you choose an ideal energy efficient glass solution for your architecture.

Add new comment