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A municipal corporation worker sprays disinfectant inside a bank as a preventive measure to contain the spread of coronavirus in Vijayawada. Photo: PTI

BS Web Team
Coronavirus shutdown puts Rs 15-trillion debt at risk, to impact finances

Nearly Rs 15 trillion, more than half of all borrowings by non-financial companies are in the danger zone due to the coronavirus (Covid-19) lockdown and its adverse impact on corporate finances in the coming quarters. 201 non-financial listed firms are likely to face sharp decline in financial status in the first of the follwoing financial year (FY21). Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India.

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First Published: Mar 30 2020 | 8:34 AM IST

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