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
Latest posts by The Times Of India (see all)
- Northern railway proposes private security to handle crowd atrailway-station - February 19, 2019
- IRCTC’s Golden Triangle with Safari tour package is awesome, check details here - February 19, 2019
- Project report ready, metro linking Dwarka expressway set to get government nod - February 19, 2019