
Reliance Infrastructure has made significant strides in reducing its external debt, slashing it from Rs 3,831 crore to Rs 475 crore, a move that has sent the company’s stock soaring by 7.9%. The debt reduction is part of a broader strategy to strengthen the company’s financial position, signaling positive momentum for the conglomerate.
Investors have responded positively to the news, with Reliance Infra’s share price witnessing a notable boost. The company’s decision to aggressively tackle its debt burden reflects a renewed focus on profitability and long-term growth.
As the stock continues to rise, industry analysts predict that Reliance Infra’s debt-cutting strategy will further enhance its market standing, potentially attracting more investment.