Infrastructure India’s portfolio performance in the half year to 30 September was characterised by difficult operating conditions for the key asset, DLI, offset by a significant benefit from a strengthening Indian Rupee and an improvement in the Indian risk free rate used for asset valuations. Balance sheet liquidity improved with the disposal in the period of the toll-road interest for £22.4m. However further measures or renegotiation will be needed to deal with the £13.4m working capital loan ....
