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Debt-free Company

JSW Ports repays Rs 862 cr; to be net debt-free in 2-3 yrs: CFO JSW Infra

The second-largest private sector port operator JSW Ports, which has completed capacity expansion at an investment of Rs 4,000-crore, eyes to be a net-debt-free company over the next two-three years having already pared Rs 862 crore so far this fiscal. The company financed the repayments of higher-cost rupee loans from a consortium of lenders, which were priced at 9.5 per cent, partly with internal accruals and the rest from the USD 400-million overseas bond issuance in February this year, Lalit Singhvi, the chief financial officer and a director at JSW Infrastructure, the fully-owned arm of the Sajjan Jindal-run JSW Group and the holding company of the ports business, told PTI on Friday. After paying back Rs 862 crore of debt, he said, the company will have on its book a net debt of Rs 2,700 crore and gross debt of Rs 4,200 crore. With this JSW Ports has already repaid over Rs 2,800 crore in the past few years. The rupee debt was from a consortium of banks comprising Axis Bank, ...

JSW Ports repays Rs 862 cr; to be net debt-free in 2-3 yrs: CFO JSW Infra
Updated On : 16 Sep 2022 | 8:04 PM IST

Raymond aims to be net debt-free company in next 3 years, says report

Diversified group Raymond aims to be a net debt-free company in the next three years and is focused on liquidity management through cost reduction initiatives and working capital optimisation

Raymond aims to be net debt-free company in next 3 years, says report
Updated On : 24 Jun 2022 | 2:56 PM IST

Macrotech Developers aims to be a debt-free company in next three years

Realty firm Macrotech Developers is targeting to bring down its net debt to zero over the next three years from the current borrowing level of around Rs 16,000 crore

Macrotech Developers aims to be a debt-free company in next three years
Updated On : 23 May 2021 | 2:37 PM IST

Debt-free firms make up 57% of all market cap: Why Dalal Street loves them

Despite such heavy weightage in overall corporate worth, these companies account for just a quarter of revenues and assets

Debt-free firms make up 57% of all market cap: Why Dalal Street loves them
Updated On : 01 Jun 2018 | 2:58 AM IST