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How India Inc.’s Debt Shrank In Pandemic-Hit FY21
Deferred capex, deep cost cuts and low bond yields helped Indian companies pare debt in the pandemic-ravaged 2020-21.
26 Jul 2021, 08:23 AM IST
Deferred capex, deep cost cuts and fundraising aided by low bond yields helped Indian companies pare debt in the pandemic-ravaged 2020-21.The aggregate total debt (short and long-term borrowing) of 403 of the BSE 500 companies (excluding banks and financials) declined 6% year-on-year in FY21 to Rs 31.3 lakh crore, according to data compiled from Bloomberg. 264 saw debt fall, while it rose for 139.Reliance Industries Ltd. and Tata Ste...
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