Boc Posts Turnover Of Rs 23.9 Crore

It has already secured orders for helium products from research organisation like the ISRO and the Nuclear Science Centre .

The company recently had completed the restructuring of its Rs 100-crore high cost debt with a substantial reduction in interest rates. This comprised of a Rs 70-crore loan from the ICICI which helped the company to reduce the interest rate by more than two per cent.

After a protracted negotiations with ANZ Grindlays, BOC managed to reduce the interest rates on the term loan of Rs 30 crore from 16 per cent to 12.35 per cent.

With the debt restructuring complete, BOC is expected to have a saving of Rs 2 crore in interest costs which will directly impact its fast improving bottomline, a company release said.

 

Alongside, the company has also achieved an upgradation in CRISIL's rating. The company's credit rating on fixed deposits has been upgraded from FAA to FAA, while for commercial paper with a rating of P+ has been enhanced from Rs 15 crore to Rs 25 crore. Credit rating for BOC's non-convertible debentures (NCDs) is AA.