We had an interaction with CMD of Lakshmi Overseas Industries Ltd (LKIL), Mr. Balbir Singh Uppal. Incorporated in 1981, LKIL is in business of agro processing, grain marketing and electricity power generation. The company is primarily engaged in the handling, storage and transportation of food grains. During FY11-16, the company has passed through rough patch due to (1) Core focus on basmati rice (2) pricing pressure (3) Stressed balance-sheet. However, with the continuous effort of management by shifting focus on non-basmati products (incl. by-products), debt restructuring activities and various cost rationalizations, the company is now back on track. The favorable pricing scenario, low interest outgo and...