Afcons Infrastructure Limited CC-May26.pdf · 2026-05-19
Thank you for the opportunity. So, my first question is, I understand that we are now doing the work in proportion to the payment that we are receiving. So, can we see debt levels to go down from here on? We are already at the pre-IPO level debt of 35 billion. So, how should we look at the debt movement going forward?
Okay, and the second question sir, again relating to this, obviously our net debt -to-equity is at comfortable 0.5x, but last two years our cash flow from operations were negative, and we were actually paying the interest cost by taking the more debt, which is a vicious cycle. So, what gives us the confidence that the debt levels will go down?