May divest stake in road project, to conclude BIAL deal soon
Hyderabad, Aug 12:
GVK Power & Infrastructure Ltd today highlighted that the company plans to focus on consolidating its existing business and reducing its debt, even as it steps up efforts to secure fuel supplies for its coal and gas-based projects.
GVK Reddy, Chairman, GVK, assured the shareholders that the focus is on divestment of some of its assets and pare debt which will drive bck the company to profitability and growth path.
External factors
Answering queries from members at its 22nd AGM, Reddy said the company had posted a loss of 964 crore and income of 4,165 crore during 2015-16.
He attributed the loss mainly due to lack of supp…
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