Average borrowing level continues to be in line with target of ~| 2500 crore. KEC's net debt (excluding acceptances) has remained at | 1679 vs. | 2216 crore YoY. Consequently, interest cost as percentage of sales reduced by 60 bps to 2% for FY21 and is expected to remain in this range amid increased execution, going forward. The average net working capital days came down to 112 days vs. 119 days in Q4FY21. Working capital is at manageable levels...