Infrastructure companies are headed for a dire financial crisis owing to slow project execution, drying credit lines and lower government spending on new projects — a scenario that has a ripple effect on an already slowing economic growth in the country. “The recent increase in construction companies opting for corporate debt restructuring (CDR) would lead to financial institutions reworking their strategies. On Tuesday, Hyderabad-based IVRCL Infrastructure has announced its plans to seek debt restructuring, joining an expanding club of highly leveraged infrastructure companies that have sought lifeline from financial institutions. Read More
