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    • Will use Rs 250 cr for capex; debt reduction: Orient Green

      Will use Rs 250 cr for capex; debt reduction: Orient Green

      S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings

    • FY17 to be a turnaround year: Sadbhav Infra Projects

      FY17 to be a turnaround year: Sadbhav Infra Projects

      Sadhva Infra's Director Nitin Patel says the company recently got approvals for four special purpose vehicles, and also a reduction of 120-130 basis points on its loans from lenders. The company's total debt stands at Rs 6600 crore, and these cuts are expected to save the company around Rs 60 crore.

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