Burnpur Cement provides financial update

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Capital Market
Last Updated : Jan 09 2017 | 12:02 AM IST

In discussion for debt restructuring

Burnpur Cement announced that the account of the Company with the lenders has become irregular due to non payment of scheduled payment on account of cash flow mismatch as a result of demonetization and depressed market. The matter is under discussion with the lenders and the lead bank is positive on suitable restructuring. The other banks are also in the process to follow the decision of consortium Meeting.

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First Published: Jan 07 2017 | 6:33 PM IST

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