Historically, the company's balance sheet was heavily levered with net Debt/EBITDA touching ~7x in FY17. In line with Aspiration 2022 of the IHCL group, the company has been working to reduce its debt by divesting few assets and also rationalise its costs. In 2018, OHL sold its Vizag property and garnered | 120 crore. From April 1, 2019, the company's operating agreement for the Trivandrum property expired and OHL received back the deposit that was made in FY20. The proceeds from the sale of the Vizag property were utilised to retire some portion of the debt in FY19. OHL had...