Macrotech Developers redeems offshore bonds worth $170 mn

17 Mar 2022 CW Team

Lodha Group, a real estate conglomerate listed as Macrotech Developers, has redeemed offshore bonds worth $170 million. The company paid off this debt nearly a year before the scheduled maturity of these bonds in March 2023.

The notes that have been redeemed will be cancelled and removed from the Singapore Exchange Securities Trading Limited's (SGX) list. The developer said in a regulatory filing that the balanced Notes of $55,000,000 are still listed on the Singapore Exchange Securities Trading Ltd.

Lodha announced earlier this month that it would repay these offshore bonds in part on March 12.

These bonds are part of a $225 million debt raised by the developer's wholly-owned subsidiary Lodha Developers International Ltd, Mauritius, to fund two luxury residential projects in London: Grosvenor Square and Lincoln Square.

Macrotech Developers formerly Lodha Developers is an Indian multinational real estate company with headquarters in Mumbai, India. Mangal Prabhat Lodha founded it in 1980. In Mumbai, Thane, Hyderabad, Pune, and London, it has built residential and commercial properties. Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, and Lodha Park are just a few of the company's notable projects. Palava, an integrated smart city near Mumbai, is also credited to the company. On April 19, 2021, the company was renamed Macrotech Developers.

Image Source

Also read: Macrotech Developers to refinance debt up to Rs 2,500 cr by March

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..