Andhra Pradesh makes INR 5.7 billion payment, boosting power producer's cash flow
1 report, 1 independent
Updated Tue 00:00
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What happened
Andhra Pradesh made a INR 5.7 billion payment on November 3, 2026. This payment helped the Independent Power Producer achieve a record low Days Sales Outstanding (DSO) of 63 days.
From fool.com
Why it matters
The payment contributed to the company's strong financial performance, which saw Q2 Adjusted EBITDA rise 28% year over year to INR 33.6 billion. Furthermore, the company raised its full-year Adjusted EBITDA guidance to INR 105 billion to INR 109 billion.
From fool.com
Who's involved
- Andhra PradeshState that provided the INR 5.7 billion payment