Housing Development and Infrastructure (HDIL) targets 20 percent debt reduction by this year end after which its consolidated debt is likely to come down to Rs 2500 crore. The company has received full payment from Adani Enterprises for its Andheri (West) project, which helped in curtailing debt by Rs 250 crore.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).