‘Reliance Infrastructure looking to pare debts to zero by 2020’
Anil Dhirubhai Ambani-led group company Reliance Infrastructure is looking to pare its debts to zero by 2020, as it expects a majority of claim adjudications to go its way.
The standalone debt of Reliance Infra has reduced by almost 70 per cent to ₹5,960 crore at the end of 2019 fiscal. This was ₹19,143 crore in 2018 fiscal. Further, its interest costs reduced 22 per cent to ₹1,210 crore in 2019, from ₹1,552 crore in 2018.
“We are awaiting final adjudication orders on claims of over ₹30,000 crore,” Punit Garg, ED and CEO, Reliance Infrastructure, told BusinessLine.
