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This Article is From Jan 09, 2018

Time Technoplast Says Confident Of Achieving Guidance

Time Technoplast currently operates in 10 countries at present, that contributes 29 percent towards its revenue.

Time Technoplast Says Confident Of Achieving Guidance
Various lengths of plastic PVC and steel piping sit inside a new home under construction. (Photographer: Tim Boyle/Bloomberg)

Polymer maker Time Technoplast Ltd. is confident of achieving its full-year guidance while keeping debt at current levels, Managing Director and CEO, Anil Jain told BloombergQuint.

The company plans to achieve a turnover of Rs 5,000 crore with an EBITDA of around Rs 700 crore. Its debt stands at Rs 750 crore, Jain said.

The company is aiming to launch operations in two new countries every year, Jain said. It currently operates in 10 countries, which contribute 29 percent to its revenue, he said.

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