MUMBAI, Oct 25 (Reuters) - Indian coal miner Gujarat NRE
Coke Ltd said on Friday it has started the process of
restructuring its debt. It did not give the amount of debt that
it is seeking to restructure or any other detail.
Banks in India bring companies to the so-called corporate
debt restructuring process to negotiate relaxed repayment terms
with struggling borrowers.
Many lenders have expressed worry about loans to the power,
real estate, mining and metals sectors, which are among those
hardest-hit by the weak Indian economy growing at its slowest
pace in a decade.
(Reporting by Himank Sharma; Editing by Sumeet Chatterjee)