Ansal puts its IT SEZ projects on hold

New Delhi: Real estate company Ansal Properties and Infrastructure has decided to hold its two IT SEZs, in Gurgaon and Greater Noida till the elections get over.

Given the global downturn in the IT business, the cpompany has to decide whether we want to go ahead or turn it into a commercial or housing project since we already have the land.

Debt-equity ratio
The current debt of the company was about Rs 1,000 crore, while the debt to equity ratio stood at 1:1.

Agni plans to invest Rs 60 crore to expand its network across the country. The company has three offices in Delhi NCR and one in Chandigarh. It now plans to open offices in the western region in the first quarter of 2009-10 and in the southern region, in the last quarter of 2009-10. The company says it is in talks with PE players to raise funds required for expansion.