Sources say that Hyderabad-based Infrastructure company Soma Enterprise, which has a debt burden of around Rs 5,000 crore, is heading for corporate debt restructuring (CDR). The highway developer, which also has an engineering, procurement and construction (EPC) division, has been referred to the CDR cell by one of its bankers, State Bank of India, the countryÂ’s largest lender.
Tag: Soma Enterprise
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Supporting growth
India has launched the worldÂ’s largest programme of public-private partnerships in road construction. The goal is to build as many as 7,000 km of new trunk roads per year. One of these projects was implemented on National Highway 1. NH-1 is one of the oldest and longest highways in India, running from New Delhi in a north-westerly direÂction, passing through Amritsar and continuing into neighÂbouring Pakistan. Soma Enterprise has been commiÂssioned by the National Highways Authority of India to