A haircut of 40-60 per cent along with a few financial safeguards can help in resolving nearly Rs 1 lakh crore of stressed power loans, a report by Crisil said Tuesday.
The analysis is based on the rating agency’s assessment of 16,000 megawatt (mw) power assets, which account for nearly two-thirds of stressed and operational coal-based capacities.
“A 40-60 per cent haircut, along with financial safeguards, can resolve as much as Rs 1 lakh crore of debt stuck in coal-based power projects and enhance their viability on a sustained basis,” the agency said in the report. Read more
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