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ITNL to refinance debt up to Rs 10,000 crore, reduce interest costs

The company's larger strategy to arrest its debt woes includes debt refinancing

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Itnl

Amritha Pillay  |  Mumbai 

IL&FS Transportation Networks (ITNL) is aiming to reduce interest costs, lower debt equity ratio and make its projects debt-sustainable in the next 18 months. The company’s larger strategy to arrest its debt woes includes debt refinancing, infrastructure investment trusts (InvITs) and bonds issuance.

For ITNL, the current financial year has been a mix of winning new orders and commissioning projects under execution. Although positive in the long run, analysts see this as a tough mix for the company where both capital requirements and debt repayments are bound to rise. In the past two ...

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First Published: Tue, December 20 2016. 00:57 IST
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