Improved collections are also translating into a drop in receivables, thereby improving financial outlook for power assets
The company's provisional numbers show a remarkable improvement in receivables. It ended FY21 with a positive cash balance against borrowings in the previous fiscal year
CNBC-TV18 learns from the report that there are several doubts on possibility of recovery of various advances and receivables given out by the company to the tune of Rs 1,762 crore.
The average collection period of debtors stands reduced by 30 days, says Devansh Jain, the whole-time director of company.
In an interview to CNBC-TV18, Ajay Hans, managing director, Petron Engineering Construction shares his views on the latest order bagged by the company.
Speaking to CNBC-TV18, Anil Jain, managing director, Jain Irrigation says the company‘s exports are likely to do well in the days to come too.
Sudhir Rao, MD of Bartronics, in an interview to CNBC-TV18, admitts that company's overall receivables have reached an alarming stage. However, he assures that the company has taken steps to bring the problem under control.
SKS Microfinance Ltd is raising Rs 54.48 crore by securitising receivables from 64,579 micro-loans extended to rural women, a company statement said on Frifday.
Educomp Solutions shares jumped 16% on Monday after the educational IT services firm said a leading a public sector bank has sanctioned Rs 410 crore towards buyout of its receivables.