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Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Topics
Capital goods  | Coronavirus | Indian companies

Amritha Pillay  |  Mumbai 



capital goods, company, construction, industry, manufacturing, production, mining, jcb

Covid-19 and the ensuing lockdown might have slowed production of companies, but some firms managed to adapt and use the downtime to chase payments and enter shorter credit-cycle contracts. In addition, some clients are releasing bank guarantees earlier than usual, helping such firms.

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First Published: Tue, August 11 2020. 06:07 IST

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