More than 1,400 big companies will raise new debt in the next financial year, the impact of the Russo-Ukraine war will be: report

In the next financial year, more than 1,400 large companies will have to raise fresh debt (refinance) of Rs 5 lakh crore.

In the next financial year, more than 1,400 large companies will have to raise fresh debt (refinance) of Rs 5 lakh crore. However, due to strong books of companies and stable earnings, the global crisis (Global Crisis) Despite this, there will be no difficulty in this. It has been said in a report. Indeed, Russia on Ukraine ,Russia Ukraine, Inflation in the global crisis that has arisen due to the onslaught of (Inflation) rising and consequently interest rates (Interest Rates) is expected to increase. An analysis of rating agency India Ratings says that the top 1,423 non-financial and heavily indebted companies will have to raise Rs 5 lakh crore refinancing in the next financial year.

According to the report, the company will be able to manage refinancing risk despite tight monetary policy, volatile commodity prices and increased geopolitical risks.

Crude oil, power sector will need credit: Report

It said that in smooth operating conditions, a refinance of Rs 5 lakh crore would be required in the next financial year, which is Rs 4.98 lakh crore in the current financial year.

At the same time, refinancing will increase by 33 per cent to 6.6 lakh crore due to uncertainty and increasing working capital requirement.

Sectors that are heavily indebted, such as crude oil, power, consumer goods and iron and steel, will need to borrow Rs 2.32 lakh crore, or 47 per cent of the total requirement. However, according to the report, due to the strong financial position of these areas, they will not face any problem in this.

Apart from this, let us tell you that in the second report of India Ratings it has been said that Ukraine Crisis is dangerous for India’s economy. Due to this crisis, India’s import bill is increasing, due to which the trade deficit is increasing. In fact, India imports 85 percent of its crude oil and 50 percent of its requirement of natural gas. If the price of these two increases in the international market, then obviously India’s import bill will increase. After Russia’s invasion of Ukraine, both crude oil and gas have become expensive in the international market. This is the reason why India’s import bill is expected to cross $600 billion.

(with language input)

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