India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund based working capital limits, citing the company’s successful deleveraging to net zero debt and improved debt servicing record.The upgrade marks a significant improvement in the […]
Adani Enterprises Ltd (AEL), the flagship company of the Gautam Adani-led conglomerate, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to Rs 1,000 crore, offering yields of up to 9.3% per annum.The NCD issue, which opens for subscription on July 9 and closes on July 22, marks AEL’s […]
Embassy Office Parks REIT has raised ₹1,550 crore through a combination of Non-Convertible Debentures (NCDs) and term loan facilities. The proceeds will be used to refinance certain existing debt, said the company. The fund raise comprises ₹750 crore through Embassy REIT Series XIV NCDs, priced at a coupon of 6.97 per cent, and a ₹800-crore […]
India’s external debt rose 10% to $736.3 billion at the end of March 2025 from $668.8 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on Friday. The debt-to-GDP ratio also inched up to 19.1% from 18.5% in FY24.The increase includes a $5.3 billion valuation impact due to the […]
India’s external debt increased by $67.5 billion in FY25 to stand at $736.3 billion as at March-end 2025, according to Reserve Bank of India. Simultaneously, the external debt to GDP ratio increased to 19.1 per cent at end-March 2025 from 18.5 per cent at end-March 2024. In FY24, India’s external debt had increased by $39.7 […]
Indian companies appear to be turning inward to fund their growth, reporting a slowdown in debt accumulation over the past five years, a new report by the Bank of Baroda said.The research, which analysed the debt levels of non-financial corporates, found that total borrowings rose from Rs 20.7 lakh crore in FY21 to Rs 22.6 […]
Listed real estate companies focused largely in the Mumbai Metropolitan Region such as Macrotech (Lodha), Kalpataru and Rustomjee (Keystone Realtors) are exploring different financial options to cut down their debt. Macrotech (Lodha) had high leverage with gross debt of ₹18,600 crore at the time its IPO was launched, said an investment banker. In its latest […]
The IEA, in its latest report, projected that India’s expected 1 million barrels per day (mb/d) increase in oil demand growth is the largest for any single country over 2024-2030 | Photo Credit: ANI The International Energy Agency (IEA) has warned that the boom in consumption of auto fuels in India, particularly petrol and aviation […]
Vadhvan Port Project Ltd., which is set to become India’s largest port and one of the top 10 globally, plans to raise ₹30,000 crore ($3.5 billion) in debt. | Photo Credit: Gerra Madhusudan 10751@Chennai The firm building what will become the largest port in India plans to raise as much as ₹30,000 crore ($3.5 billion) […]
In a major push for India’s port and maritime sector, Vadhvan Port Project Ltd, the firm behind what is set to become the country’s largest port—is gearing up to raise up to Rs 300 billion (approximately $3.5 billion) in debt, presenting lenders with a rare long-term investment opportunity. The Vadhvan Port Project Ltd, located just […]
