India Ratings revises Nila Infrastructures Outlook to Negative

India Ratings and Research has revised Nila Infrastructures Limited’s Outlook to Negative from Stable. The Outlook revision reflects Ind-Ratings expectation that the company's net leverage will remain high in FY17, after deteriorating to 5.6x in FY16 due to low EBITDA margin and increasing scale of operations. The company had an unexecuted order