Macrotech Developers Slashes Debt to Rs 30.10 Bn

10 Apr 2024 CW Team

In a remarkable financial feat, Macrotech Developers has successfully trimmed its debt by a substantial 55%, bringing it down to Rs 30.10 billion in the fourth quarter of the fiscal year 2023-24. This significant reduction in debt highlights the company's commitment to financial prudence and its ability to manage liabilities effectively amidst challenging market conditions.

Reports indicate that Macrotech Developers has made considerable strides in deleveraging its balance sheet, leveraging various strategies and initiatives to streamline its debt profile. The substantial reduction in debt not only enhances the company's financial stability but also augurs well for its future growth prospects and investor confidence.

Macrotech Developers' debt reduction efforts are aligned with its broader strategy of optimising capital structure and strengthening its financial position. By proactively addressing its debt levels, the company aims to enhance its competitiveness, improve liquidity, and create value for its stakeholders.

The successful debt reduction by Macrotech Developers reflects its prudent financial management practices and resilience in navigating market challenges. It underscores the company's ability to adapt to evolving market dynamics and capitalise on opportunities to enhance its financial health and operational efficiency.

Moving forward, Macrotech Developers is poised to leverage its improved debt profile to fuel its growth ambitions and capitalise on emerging opportunities in the real estate sector. With a stronger balance sheet and reduced financial burden, the company is well-positioned to pursue its strategic objectives and deliver value to its shareholders in the years to come.

Infrastructure Urban

08 Sep 2025

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..