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Real Estate Forum on Weak Financial Profile

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Q: Crisil Ratings told in a report that about 5100 km of under construction highway projects worth Rs. 67200 crore are under high risk.
Latest Answer: At present, construction projects require equity and cost overrun support of around Rs 28500 crore over the next 2 yrs. Of this, about Rs 16000 crore could be stumped up from internal accrual of sponsors and sale of stake at the special purpose vehicle level. That leaves a significant decline of Rs 12500 crore.
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