{"id":413769,"date":"2021-05-06T10:14:38","date_gmt":"2021-05-06T04:44:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413769"},"modified":"2021-05-06T10:46:23","modified_gmt":"2021-05-06T05:16:23","slug":"reliance-industries-balance-sheet-deleveraging-continues-sp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-balance-sheet-deleveraging-continues-sp\/","title":{"rendered":"Reliance Industries&#8217; balance sheet deleveraging continues: S&amp;P"},"content":{"rendered":"<p>MUMBAI : S&amp;P Global Ratings on Wednesday said that Reliance Industries Ltd will continue to deleverage its balance sheet on the back of company&#8217;s prudent investment policies, stable operations, and potential for further asset monetization.<\/p>\n<p>&#8220;RIL&#8217;s deleveraging could exceed our expectations, driven by sizeable asset monetization and equity raising,&#8221; the rating agency said in a statement. <\/p>\n<p>&#8220;The oil-to-telecom conglomerate has a cash inflow of Rs2.2 trillion (about $30 billion) during fiscal 20-21, lowering its net debt by about 70% to about Rs54,000 crore. The reduction in debt was despite having negative free cash flows of about Rs86,000 crore during the year,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : S&amp;P Global Ratings on Wednesday said that Reliance Industries Ltd will continue to deleverage its balance sheet on the back of company&#8217;s prudent investment policies, stable operations, and potential for further asset monetization. &#8220;RIL&#8217;s deleveraging could exceed our expectations, driven by sizeable asset monetization and equity raising,&#8221; the rating agency said in a statement. &#8220;The oil-to-telecom conglomerate has a cash inflow of Rs2.2 trillion (about $30 billion) during fiscal 20-21, lowering its net debt by about 70% to about Rs54,000 crore. The reduction in debt was despite having negative free cash flows of about Rs86,000 crore during the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-413769","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413769","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=413769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}