Voltas, the engineering products and services company is reportedly confronting delays in collection of receivables over uncertainties in business activities because of current weak macro-economic environment. This has stretched the working capital cycle to more than 100 day.
Historically, the company has been a debt free company as its business is not capital intensive. But now the company is likely to raise debt by the end of 2012-13 on account of increase in working capital and low levels of cash generation from its business.
Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
