CG Power plans Rs 500-cr equity-based funding, new debt repayment schedule

CG Power and Industrial Solutions (CG Power) will seek Rs 500 crore worth of equity-based funding and modify the repayment timeline for debt due for the next 12 months, the company told analysts on Wednesday. 

“We have put together a plan with lenders for a new repayment plan for the debt that comes up for repayment in the next 12 months,” a company official informed analysts on the call. The official added around Rs 1,000 crore worth of debt is up for repayment in the next one year’s time.  

The officials also added the company has pruned its order book to ensure