Highlights of Ruchi Soya CEO Asthana's comments in an interview

​By a staff reporter : 

Following are the highlights of comments by Ruchi Soya Industries Ltd Chief Executive Officer Sanjeev Asthana in an interview to Informist:

 * To retire 80% of debt from FPO proceeds

 * To ensure FPO pricing is investor friendly

 * To rely only on working capital after retiring debt

 * FPO to help co meet minimum public shareholding norm

 * See FY22 revenues grow 20% YoY to 200 bln rupees

 * Have ample capacity; no need to add new capacity now

 * Edible oil import duty cut hasn't led to fall in prices

 * Expect govt to reverse edible oil duty cut after Sep 30

 * Have planted oil palm across 54,000 ha in 9 states

Source : Eureka

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