According to the latest press release, Gensol Engineering has reduced its debt obligations to Rs 230 crore so far in FY 2025. The total loan of the company is now Rs 1,146 crore, compared to the EBITDA level of Rs 330 crore in the last 12 months. The company has a 3.5 times the leverage.
If Gensol successfully raise Rs 400 crore, the amount would be 35% of its total loan.
On 5 March, the company also announced a series of asset divisions to reduce the loan. The company plans to sell 2,997 electric vehicles worth Rs 315 crore, as well as selling it to its full -ridden assistant company for Rs 350 crore. Gensol’s loan from both these partitions will be reduced considerably for Rs 655 crore.
(Tagstotranslet) Jensol Engineering Limited
