No impact of repayment delay on working capital: Sterling & Wilson Solar
Even as promoters of Sterling & Wilson Solar have asked for a new debt repayment schedule, the company does not expect a delay in the same to impact its working capital requirements, according to top executives. The solar EPC (engineering, procurement and construction) solutions provider has Shapoorji Pallonji group and Khurshed Daruvala as promoters.
On Thursday, the company informed the stock exchanges that its promoters, through a letter, have requested the board of directors to consider a revised repayment schedule for its Rs 2,341 crore of dues payable to the company as on September 30, 2019.
“The new repayment schedule is being worked out along with the promoters. With the working capital requirement being very low, there will be no impact,” said Bahadur Dastoor, chief financial officer of Sterling and Wilson Solar.
