Real estate firm Ansal Properties & Infrastructure said it is planning to reduce its debt by about Rs 350 crore in 2011-12 through its cash flows,which is expected to be around Rs 2,000 crore in this fiscal. The company currently has a net debt of Rs 1,484 crore as on March 31,2011. It has come down from Rs 1,630 crore a year-ago. "We want to reduce our debt significantly during this fiscal. Our target is to repay about Rs 350 crore of debt. The company,in fact,plans to reduce more in 2011-12," Ansal API Assistant Vice President (Investor Relations) Dinesh C Gupta said. The company is expecting an operational cash flow of about Rs 2,000 crore in this fiscal,he added. "Out of the total generation,about Rs 1,400 crore is expected to be utilised,excluding land investment.
