West Coast Paper Mills will likely be debt-free within the next two years says Vice Chairman Saurabh Bangur. However, the company is also contemplating capacity expansions which might mean fresh debt could come on books, he adds. Current debt on the books is at Rs 350 crore, he said. Speaking to CNBC-TV18 after the company reported its quarterly results, Bangur said coming quarters are likely to be better than the first as demand-supply situation has improved. Company is operating at 100 percent utilisation, he said. He expects 5 percent price hike in paper products in FY17 and significantly better prices in third and fourth quarters.
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