No loan restructuring needed: L&T Infra
Trouble in the power sector notwithstanding, the portfolio of L&T Infrastructure Finance is not “stressed”, a senior company official said on Wednesday.india Updated: Jan 18, 2012 22:07 IST
Trouble in the power sector notwithstanding, the portfolio of L&T Infrastructure Finance is not “stressed”, a senior company official said on Wednesday.
“Our exposure in the power sector is not stressed and there had been no case of restructuring of loans,” joint general manager, L&T Infra Dhananjay Yellurkar said on the sidelines of roadshow for infrastructure bonds.
“(This) despite our exposure in the sector being 37%.”
In the power sector the problem is only in thermal power projects due to coal issues, he said.
Thermal power projects are just 13-14% of their Rs 8,800 crore cumulative exposure and only 4-5% of their exposure is in thermal projects linked to coal linkages from Coal India and another just 2% linked to imported coal, Yellurkar said.
Telecom portfolio since last few years had shrunk to 12%, he said adding the company is bullish on green energy sector in which its exposure remains 20%.
Roads remained another area of focus with current loan portfolio of 17%, but Yellurkar said they remained vigilant in selecting road projects.