The efforts of the Company to restructure its debt profile in terms of maturity has materialised. The company has been able to extend the maturity of the debt from the present level of about 3 years to 8 years, which will facilitate the Company to repay the debt from the internal accruals. FRN-holders and other foreign creditors have extended the maturity by 5 years. Domestic lender, IDBI has communicated their approval for extension of maturity period by 8 years.
CORPORATE