NAVA LIMITED CC-Dec23.pdf · 2024-02-02
Hi, congratulations to the management team for such a fantastic job, o n turning around the balance sheet. I saw in your press release you have a debt reduction of INR 2,962 crores. Out of which, the arbitration, as you mentioned Ashwin, is approximately INR 2,000 crores. So , does th at mean we can understand that INR 1,000 crores was generated as free cash flow from operations over the period?
Okay, great. Secondly, you mentioned that the equity contribution, the overall project of the 300 MW additional and Zambia is about $450 million. What would be the equity contribution towards that? Roughly $100 million?