GMR Power unit refinances ₹2,700 crore debt, cuts costs
pre-market1 source ↓written by the desknot a recommendation
- borrowing cost
- 265 basis points
- 9.50% p.a.
- with a credit
- 9.25% p.a.
GMR Kamalanga Energy Limited has successfully refinanced ₹2,700 crores of debt, reducing its borrowing cost by 265 basis points to 9.50% p.a.. This strategic move aims to enhance operational efficiency and profitability, potentially lowering costs further to 9.25% p.a. with a credit rating upgrade.
The refinancing is expected to improve cash flow and financial stability, positively impacting GMR's market position.
Not investment advice. For informational purposes only.