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NCC to reduce corporate debt, divest stake in two road assets

24 May 2013

NCC, infrastructure and construction company is planning to reduce its corporate debt of Rs 3,900 crore by about 50% during the current financial year. It is in negotiations process for divestment of stake in two road assets, for the debt repayment. With the divestment of stake, the debt will get passed on to the buyer of assets.

The Hyderabad-based company is also planning to rope in strategic partner for its joint venture power project coming up at Krishnapatnam in Andhra Pradesh. As of the financial year end, NCC has total debt of Rs 3,900 crore, including Rs 2,230 crore on standalone basis.

NCC Share Price

74.55 -2.40 (-3.12%) Oct 25, 10:05
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1763.00
Rail Vikas Nigam 38.75
KEC International 528.00
NCC 74.55
Ircon International 48.10
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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