"If the rupee slide continues we will have to go back on drawing board and rethink about our investments," company's managing director Anil Sardana told reporters on the sidelines of its 94th Annual General Meeting here.
He said the expansion plans of the company largely depend on the Mundra issues (pertaining imported coal prices) because that impacts the cash.
"In the last two quarters, a lot of impairment happened (on Mundra project), which was non-cash and therefore one felt that the (expansion) programs will continue. But the last quarter, we found that because of the exchange rate we got into a cash loss and therefore, we will have to re-look at investment plans," he said.
He said that since there was no clarity on the availability of (domestic) fuel, the company had started to invest in the international market.
"... because we did not have clarity on fuel, we had started to commit more capital investment in international market and I am happy that those projects moved so fast we were surprised ourselves. Within a span of a year, there was progress on the 400 MW hydro project in Georgia," he said.
Sardana further said, "This progress should give us bullish orientation to invest outside India. However, if the rupee slide-down continues, we will have to rethink about our investment plans."
He, however, noted that investments in the 4000 MW Mundra ultra mega power project, which continues to operate, will need more finances than earlier it had made.


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