Indian Power Firms Face Cash Crunch After Lender Cut to Junk
An electrician is silhouetted while working at a utility pole in Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian Power Firms Face Cash Crunch After Lender Cut to Junk

(Bloomberg) -- A downgrade to junk for an Indian state-run lender to electricity projects risks worsening the cash crunch faced by the nation’s power firms.
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