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, ...
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