Financial Daily
from THE HINDU group of publications
Tuesday, August 29, 2000
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Financial Daily from THE HINDU group of publications Tuesday, August 29, 2000 |
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ITC Bhadrachalam: Lowering the debt burden
THE move of ITC Bhadrachalam Paperboards to retire the high-cost debt may be viewed favourably.
The company has indicated that it has replaced close to 64 per cent of its high-cost debt contracted at around 15 to 16 per cent. This could improve its profitability in the current fiscal and beyond. In the first quarter of fiscal 2000-01, the company h
as reported profits after two difficult years. With good growth in volumes, the replacement of high-cost debt could lead to better profitability and earning levels. In this backdrop, the stock may show firm trends at around the recent price levels of Rs.
40. -- BL Research Bureau
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Related links: ITC Bhadrachalam begins financial revamp exercise Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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