Cosmo Films to fund its Aurangabad new unit through debt & internal accruals

Cosmo Films has said its new specialty polyester plant to be set up at Aurangabad in Maharashtra would be funded through debt and internal accrual.

According to the company’s chief executive officer Pankaj Poddar, debt will be 75 percent of the project size.

In an interview to CNBC-TV18, he said revenue drop of the company has been due to drop in raw material prices.

Image Credit : cosmofilms.com

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