Good growth is expected from urban infrastructure. -Parag ChhedaThe net debt of Prince Pipes is about Rs 290 crore, of which Rs 50 crore shall be repaid through the IPO proceeds and we would also require a maintenance capex of about Rs 75-80 crore, says, ED,. The company has introduced new products catering to the underground drainage systems, where we see good growth coming in. Nevertheless, the peers in the piping industry has shown robust growth and this is purely because of the various government initiatives on urban infrastructure.Good growth is expected from urban infrastructure. Prince Pipes is very optimistic about continuing to grow in the northern region.

Source: Economic Times December 30, 2019 10:30 UTC