Energy-efficiency projects in India to get a boost with EESL raising domestic bond funds

26 Sep 2016 CW Team

Energy Efficiency Services (EESL) has made its maiden issuance of bonds in the domestic market to fund energy-efficiency projects in India. Domestic bonds worth Rs 500 crore were issued to investors on private placement basis at a coupon rate of 8.0 per cent per annum.

These bonds have been rated AA by ICRA and CARE. The maturity of the bonds ranges from 3.5 to seven years on STRPP basis. Meanwhile, Trust Investment Advisors is the sole arranger of the issue.

The access to Indian bond markets will be a key milestone for EESL to channelise more investments in the energy-efficiency market. For FY2016-17, the capex requirement of EESL is Rs 3,500 crore. Aiding this requirement, these corporate bonds will be the first of many tranches.

EESL is also planning to introduce Green Masala Bonds worth US$ 100 million (approx Rs 700 crore) in November. The company has also tied up funding from multi-lateral agencies like KFW, AFD and ADB for funding its energy-efficient projects.

According to Saurabh Kumar, Managing Director, EESL, “Our requirements from the markets is quite high; however, we are confident of a great response from investors looking at our unique model.”

EESL aims to unlock the energy-efficiency (EE) and demand side management (DSM) market valued at Rs 1.5 lakh crore, and implement large-scale EE projects. It seeks to create market access, particularly in the public facilities (municipalities, buildings, agriculture, industry, etc), implement innovative business models, handhold private sector energy service companies (ESCOs) to ensure replication.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..