Mumbai: Renewable energy companies backed by deep-pocket investors such as Canada's Brookfield Asset Management, Singapore's state investor GIC and American private equity firm TPG Capital are among those that have sought moratorium on their loans from lenders.
On 23 April, rating agency ICRA released a list of 328 companies, from its rating universe, including large corporates like JSW Steel, Tata Power, and Piramal Enterprises, which have sought moratorium on loan repayment from banks.
According to ICRA, while some of the companies could be facing liquidity issues due to the nationwide lockdown, which has brought economic activity to a near standstill, others may be simply looking to conserve cash as they brace for tougher months ahead.