The curious case of a 'junk' Indian company in the middle of a growing energy crisis

As part of the December 2020 report, senior analyst Ankur Rustagi noted Sindhu's problems in large part stemmed from the poor performance of its coal assets, which include Griffin.

He said that unless the company could restructure its debts successfully, India Ratings may impose "a multi-notch downgrade". A company spokesperson instead said it was continuing to act as both a lender and manager of the operation. He said the analysis and Oceania's filings with the corporate regulator in Australia suggested the company would not be in a position to fix the operating and financial problems at Griffin.

What does it matter who gets what? Put a fire under the receivers and sell off the assets. Someone will pick it up and run it to the end.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Australian wine producers hoping to tap 'immense' but complex Indian marketAfter the collapse of the Chinese market due to trade disputes and soaring tariffs, a free trade agreement with India is an exciting proposition for Australian wine exporters. I would have thought that in India they would have been more focused on clean water and living conditions rather than wine but meh... Lol they can’t feed their poor but we going to sell them our wine. Which by the way is grown there and exported back to oz.
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