Supreme Infrastructure pays about ₹180 crore in final debt phase
In short
Supreme Infrastructure paid about ₹180 crore in the final phase to its last three lenders. The reporting says ₹49 crore of that was a deposit linked to outstanding bank guarantees.
This is part of a ₹2,200-crore debt settlement and could help the company revive its business. The exact timing for the release of the bank guarantees is not stated in the available reporting.
What the reporting says
Supreme Infrastructure paid about ₹180 crore in the last phase to its last three lenders, according to a senior official, in a move tied to settling its ₹2,200-crore debt. The reporting says ₹49 crore of that amount was a deposit against outstanding bank guarantees, which will be released when the guarantees are released. The immediate result is partial closure of the debt workout, while the timing and full revival plan are not stated.
Why it matters
Supreme Infrastructure paid about ₹180 crore to its last three lenders in the final phase of a ₹2,200-crore debt settlement, according to a senior official. Of that amount, ₹49 crore was a deposit against outstanding bank guarantees, which will be released when the guarantees are released. The move signals progress on debt resolution, but the reporting does not state the full revival timeline or remaining obligations.