Utility business doing good, hope to be debt-free by FY21: Punit Garg, Reliance Infra
  • WebDesk BTVI
  • Jun 17 2019

Punit Garg, ED and CEO of Reliance Infrastructure, gives an overview of the quarter and says the firm has won some new projects in EPC space as well a sign a road deal worth Rs 3,600 crore. He adds that the new projects will help reduce debt by Rs 1,900 crore. Garg said the co aims to be debt-free by FY21. He says utility distribution business has picked up, boosting its EBIDTA margins.