Epic Research

Friday, April 19, 2013

Epic Update: Essar Ports

Epic Update Essar GroupEssar Ports reported a profit of Rs 92 crore in its fourth quarter . The company plans to pare its interest costs this year, says Rajiv Agarwal, managing director & CEO Essar Ports in an interview to CNBC-TV118.
The company has been reeling under interest cost burden. For this quarter, it came in at Rs 510 crore. Company has been pitching for raising money via external commercial borrowings (ECB), which will allow it to invest more in new projects.

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