Essar Shipping is planning to convert around Rs 800 crore out of total Rs 5,500 crore debt into dollar loans to bring down the interest burden. The company has already started scouting domestic and foreign banks directly for this. We had Rs 5,500 crore debt as of the September quarter. The Ruias promoted Essar Group that includes Essar Oil, Essar Steel and Essar Ports is sitting over a debt pile of over Rs 80,000 crore as of the September quarter.
Essar Shipping is planning to complete
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