Construction Industry News
Its chief financial officer, Pramod Menon, said, “There is only one more debt refinancing that we are talking of, but that would essentially come in the last quarter of this financial year." The company is awaiting interest rates to moderate to time its restructuring process.
“It’s too early to comment how much interest rate reduction we would be able to get when we go in for the refinancing. A bigger problem for the power sector currently is that banks have become more cautious to lend," Menon said.
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