With Strong Free Cash Flow of $13.4m, it has started to pare down its debt by redeeming USD11.5m worth of Non Convertible Debentures, which shall help it to reduce S$3.5m interest per annum:
It's subsidiary, Meghmani Finechem has just announced it's plan to set up Caustic Potash plant of 60 Mt. Per day with cost at Rs. 65 Crores. The Project is to commence commercial production by September, 2015. MFL will earn revenue of Rs. 130 Crore and Profit before Tax of Rs. 17 Crore, in full financial operation of financial year 2016-17
