The importance of being PK Tayal

With a 30% hike in the volume of bank debt being referred to the Corporate Debt Restructuring (CDR) cell in the June quarter over the March quarter, a R2,811 crore proposal from 8 companies of the Pravin Kumar Tayal group doesn’t really stand out as exceptional. Sure, it is among the highest—VISA Steel’s R3,000 crore is higher, Indu Projects’ R2,800 crore is virtually the same but if you look at the CDR’s approved so far in the June quarter, HCC’s R3,300 crore is higher, as is Bharti Shipyard’s R2,850 crore...

Read Full Story>>