About the debt, i think it is good for working capital intensive businesses to have cash in hand and some level of debt. Imagine if another 2020 type situation happens, construction etc. can come to a stand still if you do not have enough working capital. Also, you should try and look at what interest they are paying for that 1400 crores. If it is reasonable, I don’t see an issue with a 25% (of the surplus cash) debt.
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