After a two-year wait, IVRCL still hopes to find a new investor

For the quarter ended September, 2017, the company reported a net loss of Rs 285 crore on a total income of Rs 411.5 crore during the period

With lenders in control of management, the debt-laden infrastructure company IVRCL prefers to do whatever it takes to find a new investor, even if it meant a long wait, before exploring options to decide the future course.

"We would like to sit together with our new investor and then decide the way forward on a financial turnaround plan. We would prefer a solution that can be a win-win for the lenders, the promoters and the company, " a senior IVRCL official told Business Standard on Wednesday.

The management had not been able find a buyer in two long years after