GMR Group adopts 'Asset Light' model strategy
"Considering the group's commitment towards value creation, we have adopted strategy of Asset Light model which will build upon our advantage of the expertise we have developed over the years to shore up our revenues and improve business," GMR Group Chief Financial Officer A Subba Rao told reporters here.
Rao said Asset Light strategy is in two forms and the existing asset perhaps will go through dilution which will release the cash and give leverage to the balance sheet.
Asked in which sectors the company is kicking off the Asset Light strategy, Rao said he would not be able to comment on those projects and verticals as of now because that is not conducive to the process that is going on.
However, in the next two-three months time the company should start seeing the results of the endeavour, Rao said, adding, any process of this kind will reasonably take six to twelve months time to complete the entire process.
Rao said the infrastructure sector, particularly power sector is going through toughest of times for now. "I have never seen such kind of a situation in the power sector in last 13 years," he said.
The power sector has been posing several challenges. The significant capacities were available for generation of power and
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