Recently, Brickwork Ratings upgraded its long-term & short-term credit ratings on Ester Industries. Arvind Singhania, chairman, CEO and Co-Founder of the company discussed this and the medium-term outlook for the company in an interview with CNBC-TV18.

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Total debt at the end of June quarter was around Rs 97 crore, and by March the debt level should be around Rs 100 crore due to investment in new capacity. The plan is to reduce the debt going forward, Singhania said.

By 2023 Ester Industries should be looking at a topline of about Rs 2,000 crore, he added.

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First Published:Oct 1, 2020 3:17 PM IST