McLeod Russel's debt resolution gains pace as TEV report nears completion

McLeod Russel's debt restructuring talks with NARCL and other lenders have intensified, with consultants expected to submit the techno-economic viability report within weeks as the tea major's revised

Amid ongoing talks with the National Asset Reconstruction Company Ltd (NARCL) on debt restructuring, McLeod Russel India, the country’s largest bulk tea producer, has filed a revised resolution plan as a techno-economic viability (TEV) study gets underway. Parallel submissions have been made to other lenders for the balance debt.

 

In its Q2FY26 results disclosure, McLeod Russel said it had started pursuing NARCL for resolution concerning its borrowings. A resolution plan specifying the repayment amount, term and resources over a fixed period was submitted.

 

What progress has been made in the NARCL review process? 

Following discussions and deliberations with NARCL, McLeod