Financial Daily from THE HINDU group of publications
Wednesday, Apr 21, 2004
Financial Daily from THE HINDU group of publications Wednesday, Apr 21, 2004 |
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Opinion
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Letters Dabhol revival
This is with reference to the report "Dabhol lenders to discuss debt options for revival" (Business Line, April 20). The Indian lenders, given their massive exposure, may have no alternative than to sacrifice a part of their interest dues and, if necessary, even take over some of the loans of foreign lenders. Only this can give them the leverage in dealing with the new owners of Dabhol — GE and Bechtel, which are demanding $260 million to transfer the stake they hold. It is sad indeed that even as the legal drama is being played out, a good asset is lying idle at Dabhol even as the Maharasthra State suffers from power shortage. K. Raju
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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