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IVRCL initiates Corporate Debt Restructuring process

21 Jan 2014 Evaluate

IVRCL has initiated the process of Corporate Debt Restructuring (CDR) prescribed under the Reserve bank of India (RBI) guidelines by way of reference to CDR Cell.

Corporate Debt Restructuring or CDR is a mechanism adopted in India which permits viable companies additional time to meet debt obligations, subject to certain terms and condition.

IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.

Peers
Company Name CMP
Larsen & Toubro 4203.30
Rail Vikas Nigam 246.95
NCC 159.90
KEC International 546.05
Kalpataru Projects 1435.00
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