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• In an exclusive interview to CNBC-TV18, Mr S Ramachandran director of business development at IVRCL said that they hope to bring down the consolidated debt of the company by 25%. IVRCL Assets and Holdings currently has debt of Rs.700 crore on its books.Mr Ramachandran goes on to say that it is still difficult to get funding from banks, which is why they are opting to sell their assets. He explained that "We felt it will be good to get back into our parent company, use its balance sheet but keep the advantages of having split and focus as a developer.” He further adds that the company's liquidity position is good and that they will be able to execute its order book.
• Q - The market is quite excited about your plans of monetising assets to improve your balance sheet by selling some of the land bank. Can you give us some colour into what exactly you are planning along those lines?
• A - We have some operational assets, a desalination plant and three road assets, which are currently under operation. We are definitely in the market and people are looking at these assets. In addition, we are also open to unlock the value in our road assets which are currently under development.
• Essentially, this being a heavy equity oriented asset business, we will have to find ways and means of getting that equity in place. Earlier the scenario was very different, but now banks are firming up and being very cautious in terms of funding. Even funding equity through debt has become a big challenge, so we felt it will be good to get back into our parent company, use the balance sheet of the parent company, but keep the advantages of having split and focus as a developer. So we still have arms length between the BOT division and the parent EPC.

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