 "SAIL needs to review land bank, JV holdings to pare debt")
Boston Consulting Group (BCG) has suggested that public sector steel major Steel Authority India Ltd (SAIL) to review the relevance of its huge land bank and joint venture holdings, in view of the cash required to deal with its debt, pegged at Rs 41,396 crore as of March-end in 2017.
A recent Motilal Oswal report mentioned that SAIL's net debt would continue to rise, while eroding its equity value.
Rating agency Icra had also flagged off similar concerns over SAIL's position.
Jayanta Roy, senior vice president at Icra said: "SAIL's debt burden has increased significantly during 2016-17 to over Rs
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