Business Standard

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

These 201 indebted firms paid Rs 1.1 trillion as interest in April-December 2019

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The latest Reserve Bank of India (RBI) dispensation allowing three months moratorium on interest payments by borrowers will allow these companies to delay Rs 35,000 crore of interest payment.

Krishna Kant Mumbai
More than half of all borrowings, worth nearly Rs 15 trillion,  by listed 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.

According to an analysis by Business Standard, 201 non-financial listed companies are likely to face a sharp deterioration in their financial position in the first half of 2020-21 (FY21), making it tough for them to service their debt.

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

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First Published: Mar 29 2020 | 8:53 PM IST

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