Cornell Rouge | The company has spent Rs 761 crore as capex until
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The company has spent Rs 761 crore as capex until

High on the list will be a hard look at just in time manufacturing processes and global supply chains, both of which have been found wanting in this crisis which again underscores the need to have a domestic industry that can supply our defence needs. And given the fiscal position the federal government will find itself in post COVID 19, we may need to look at whether the funds for big spending defence projects such as the Future Submarine could be better spent elsewhere for the ADF. When we finally emerge from this crisis, it is safe to say the world will have all changed and changed utterly.

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canada goose Canada Goose Parka The average cost of borrowing in GCC region is 6 percent, while in India is around 9.5 percent,” said Sreenath Reddy. Group CFO, Aster.The company’s India debt is around Rs 350 crore.But Reddy said the company is looking at ways to reduce borrowing.”We are looking to control capex so that it will enable us to have additional cash from operations to repay the debt,” Reddy said.The company has spent Rs 761 crore as capex until December 2019, which was higher than the guidance of Rs 580 crore it provided at the beginning of the year. The company said the capex shot up due to acquisitions.However Aster said it will be lowering its capex to around Rs 450 in FY21.Aster also said it has turned more conservative with taking up new projects and acquiring hospitals.”So one important decision that we have taken looking at the market expectations is that in the next three years we will be very very selective on new projects, and only take up projects that are EPS accretive,” said Moopen.Aster said the cost optimisation initiatives across the group had helped it to save around Rs 25 30 crore in FY20. Canada Goose Parka

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