Financial year 2011-12 witnessed high interest rates throughout the year. The increased interest burden ate away a big pie of the profits of the companies. Amid this choppy economic climate, there was a positive development too. There were scores of companies which offloaded their debt burden during this period. About hundred companies of BSE-500 (excluding 70 banks and finance companies) reduced an aggregate debt of Rs 1 lakh crore. Below is the list of companies which have reduced more than 50 per cent of their debt from the previous finacial year and will save a significant amount of interest outgo; thus pushing up their margins in future.
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