INSUBCONTINENT EXCLUSIVE:
issue of non-convertible debentures (NCDs) on private placement basis for aggregating Rs 6,000 crore at its forthcoming annual general
basis in order to augment resources for the ongoing capital expenditure, repayment of existing loans, and for generalcorporate purposes,
long-term project loans in India
This has led to a significant improvement in the consolidated net debt to EBITDA at below 3x at the end of March 2018," Hindalco chairman
government initiatives such as the creation of 100+ smart cities, the rust on infrastructure, especially rural infra development, along with
growth slowed from 7.1 per cent in FY17 to 6.7 per cent in FY18, the economy recorded a seven-quarter-high GDP growth of 7.7 per cent in the
Investors seem to be positive on India's economic prospects
continuing economic growth in the future as well
It is attributable to the country's solid fundamentals, such as deleveraging by corporates, resulting in much stronger balance sheets,
better capacity utilisation with consumption demand becoming stronger and insolvency and bankruptcy process weeding out non-performing
story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
