new delhi real estate firm ansal properties infrastructure on sunday said it is planning to reduce its debt by about rs 350 crore in 201112 through its cash flows which is expected to be around rs 2000 crore in this fiscalthe company currently has a net debt of rs 1484 crore as on march 31 2011 it has come down from rs 1630 crore a yearagowe want to reduce our debt significantly during this fiscal our target is to repay about rs 350 crore of debt the company in fact plans to reduce more in 201112 ansal api assistant vice president investor relations dinesh c gupta told media the company is expecting an operational cash flow of about rs 2000 crore in this fiscal he addedout of the total generation about rs 1400 crore is expected to be utilised excluding land investment from the surplus we will reduce our debt by rs 350 crore gupta said after repayment of debt the company will have the freedom to either consolidate its land bank or to pay dividend to the shareholders from the remaining rs 250 crore he addedin 201011 the board of the company recommended a dividend of rs 050 per equity share of rs 5 each for 201011 besides the company is in advanced stages of discussions to raise up to rs 500 crore through private equity dealswe are at present talking to four pe firms we are targeting to raise up to rs 500 crore in the next three months gupta said without sharing any detailthe company plans to raise the amount from private equity players by diluting its stake in 34 townships to fund its ongoing construction activities the national capitalbased real estate developer at present has a net land bank of over 8500 acres in various locations across the countrylast week the company had reported a consolidated net profit of rs 1355 crore for the quarter ended march 31 2011 compared to a loss of rs 31 lakh in the yearago period due to robust demand during the fourth quarter the companys consolidated net sales increased by 6132 per cent to rs 33016 crore from rs 20466 crore in the same period last yearfor the entire 201011 the consolidated net profit of the company soared by 5216 per cent to rs 10805 crore from rs 7101 crore in the previous fiscal the consolidated net sales in fy11 jumped by 4868 per cent to rs 128782 crore from rs 86614 crore in fy10