Shipping services firm Shreyas Shipping & Logistics Ltd plans to raise one billion rupees this fiscal year to acquire vessels, trucks and set up warehousing facilities, a senior official said on Tuesday.
"The majority will be raised through debt as our debt-to-equity is only 0.4 to 1," Chief Financial Officer Vinay Kshirsagar told reporters.
The firm plans to buy two second-hand vessels in the next three to six months and expand its logistics operations as the sector recovers after a two-year slowdown, he said.
"The majority will be raised through debt as our debt-to-equity is only 0.4 to 1," Chief Financial Officer Vinay Kshirsagar told reporters.
The firm plans to buy two second-hand vessels in the next three to six months and expand its logistics operations as the sector recovers after a two-year slowdown, he said.