Standalone debt position to improve: McNally Bharat Engineering
PUBLISHED ON: March 8, 2013 | Duration: 4 min, 27 sec
Tata Capital will infuse $7.5 million in McNally, which is likely to improve the working capital position for the company. The order book, which has been growing steadily, stands at around Rs 5,300 crore and offers strong earnings potential over the next few quarters. The company’s management expects the standalone debt position to improve from the current high levels.