BE­HIND IL&FS CRI­SIS

India Business Journal - - COVER STORY -

Dwin­dling top line growth due to dry­ing up of new projects and de­lay in mon­etis­ing com­pleted projects

High ex­penses trig­gered by soar­ing in­ter­est rates and cost over­runs Rs 16,000 crore claimed to be locked in dis­putes with con­ces­sion au­thor­i­ties

Ir­ra­tional and ag­gres­sive ex­pan­sion into projects dur­ing boom years

Plot lost due to a com­plex cor­po­rate struc­ture with 169 sub­sidiaries Trou­bles dou­bled by shift in busi­ness model from in­fra­struc­ture fi­nancier to project de­vel­oper

Ranchi–Pa­tratu Dam Road

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