Contemporary Delhi: Debt-ridden Essar Steel has registered an EBITDA (earnings sooner than curiosity, tax, depreciation and amortization) of Rs 4,229 crore in some unspecified time in the future of its Company Insolvency Resolution period (over 600 days).
In an affidavit filed sooner than the National Company Legislation Appellate Tribunal (NCLAT) last week, its resolution skilled has educated that the firm earned Rs 4,000 crore from its operations between August 2017 and February 2019. As neatly as, the RP moreover mentioned an incomes of Rs 229 crore for March this twelve months.
Moreover, this amount excludes Rs 734 crore EBITDA utilised for …
Read the full article at: https://nationaltimes.in/19/20133/essar-steel-reviews-rs-4229-crore-ebitda-in-some-unspecified-time-in-the-future-of-insolvency-period/