Sindhu Trade Links Ltd. determined to be debt free by 2023

Sindhu Trade links Ltd. aims to be debt free by 2023. The company is a ‘one-stop shop’ for a wide range of support services in the field of mining and allied activities, logistics and transportation. STTL has already reduced its bank debt by Rs. 1041.5 million. 

Satya Pal Sindhu, MD of the company shared about the company’s new journey “I am very happy that we are moving towards becoming a Zero Debt Company, repayment of bank-debts amounting more than Rs. 1000 million in the last 15-18 months not only shows resolve of the company management but also signifies company’s financial strength. The bank-debt reduction ‘ll result into huge perpetual savings in interest expense, increased profitability and stronger financials, better credit ratings etc. We are working on other alternative plans also to augment the long-term resources in order to reduce the bank-debt further and confident of becoming debt-free earlier than the envisaged timelines.” 

The company is indulged into several sectors such as business of logistics, transportation, mining, coal beneficiation, power generation to sponge iron and steel, stock broking, media, finance, food processing park, and Real Estate. 

With the outburst of covid 19 which disturbed the course of businesses across the work the company dared to take this step. The management is determined to keep the debt reduction which ultimately aims to go debt free by 2023. Sindhu Trade Links Limited has recorded a 200% year-on-year increase in net profit on higher realisation to Rs. 2,822 lakhs in the nine months ended on December 31, 2021. 

STTL's has 5 subsidiaries and associates, involved in diversified businesses, namely 1. Hari Bhoomi Communications Private Limited-Media Business, 2. Sudha Bio Power Private Limited - Bio Mass Based Power Generation, 3. Indus Best Mega Food Park Private Limited - Development of Food Park for Food Processing Industries, 4. Shyam Indus Power Solutions Private Limited - EPC of Power Distribution, Power Transmission, Railway OHE, Railway Track Laying, and 5. Param Mitra Resources Pte. Limited - Overseas Coal Mining. For Overseas Coal Mining businesses, the Company has several step-down subsidiaries, associates, joint ventures in Australia, Hongkong, Singapore and Indonesia. 

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