{"id":278745,"date":"2019-06-17T06:32:14","date_gmt":"2019-06-17T06:32:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278745"},"modified":"2019-06-17T06:32:14","modified_gmt":"2019-06-17T06:32:14","slug":"reliance-infrastructure-looking-to-pare-debts-to-zero-by-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-infrastructure-looking-to-pare-debts-to-zero-by-2020\/","title":{"rendered":"\u2018Reliance Infrastructure looking to pare debts to zero by 2020\u2019"},"content":{"rendered":"<p>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.<\/p>\n<p>The standalone debt of Reliance Infra has reduced by almost 70 per cent to \u20b95,960 crore at the end of 2019 fiscal. This was \u20b919,143 crore in 2018 fiscal. Further, its interest costs reduced 22 per cent to \u20b91,210 crore in 2019, from \u20b91,552 crore in 2018.<\/p>\n<p>\u201cWe are awaiting final adjudication orders on claims of over \u20b930,000 crore,\u201d Punit Garg, ED and CEO, Reliance Infrastructure, told BusinessLine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20b95,960 crore at the end of 2019 fiscal. This was \u20b919,143 crore in 2018 fiscal. Further, its interest costs reduced 22 per cent to \u20b91,210 crore in 2019, from \u20b91,552 crore in 2018. \u201cWe are awaiting final adjudication orders on claims of over \u20b930,000 crore,\u201d Punit Garg, ED and CEO, Reliance Infrastructure, told BusinessLine.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-278745","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278745"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278745\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}