Business Update3 Apr 2024, 04:18 pm
SPML Infra Limited Repays Rs. 2,190 Crore Sustainable Debt to NARCL
AI Summary
SPML Infra Limited has announced the repayment of a substantial sustainable debt of Rs. 2,190 crore to National Asset Reconstruction Company Ltd (NARCL), as per the sanction letter of India Debt Resolution Company Ltd (IDRCL). Majority of this amount has been repaid from the inflow of money received from NTPC Ltd under the Vivad se Viswas II (Contractual Disputes) scheme.
Key Highlights
- SPML Infra Limited repaid Rs. 2,190 crore sustainable debt to NARCL
- Majority of the debt repayment came from inflow of funds from NTPC Ltd
- Repayment was made under the Vivad se Viswas II scheme