Punj
Lloyd, the engineering major is likely to refinance up to Rs 1,400 crore of
debt into dollar loans over the next six months in order to reduce costs and
ease the impact of a falling rupee. About 65-70% loans of the company’s Rs
5,500-crore debt pile is in rupees, 65-70% of its businesses are outside India.
Because of which, it faces a steep increase in finance costs for the company on
the back of high interest rate regime in India and has made a big dent in its
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