Promoters of Macrotech Developers repay Rs 1,596 cr debt to company

01 Jul 2021 CW Team

Macrotech Developers, also known as Lodha Group, has received Rs 1,596 crore which the company's promoters owed as debt.

On April 29, Rs 400 crore of this debt was repaid, including interest, while the remaining Rs 1,196 crore was repaid on Wednesday.

In a regulatory filing, the developer stated that the repayment, along with their IPO fund raise and continued organic free cash flow generation, are assisting the company in its deleveraging plans.

Lodha Group has set a goal of reducing net debt to Rs 10,000 crore by the end of the current financial year, and the developer is on track to meet that goal. The company's net debt was Rs 16,000 crore at the end of March, and it aims to be debt-free in three years.

To offer continuous deleveraging and parallel development, the firm intends to expand its capital-light growth strategy around low and mid-income housing, as well as digital infrastructure such as -- warehousing, data centres, and industrial parks.

The promoters of the company repaid the debt by raising funds through a long-term instrument with a maturity of more than three years and no repayment obligation prior to that.

The promoters have also informed the company that they will be able to deleverage in accordance with the minimum public shareholding obligations of reducing their holding to a maximum of 75% within three years of their initial public offering.

A portion of the promoter's shares in the company have been encumbered, but not pledged, as a result of the previously mentioned funding.

Image Source

Also read: Macrotech to double investment in construction in FY22

Also read: Macrotech Developers plan to invest Rs 2,800 cr on realty in FY22

Infrastructure Energy

07 Oct 2025

Adani Green Adds 113 MW At Khavda, Capacity Hits 16.6 GW

Adani Green Energy Limited (AGEL) announced that it has operationalised 112.5 megawatts (MW) of renewable power projects at Khavda in Gujarat, raising its total generation capacity to 16,598.6 MW.The company said in an exchange filing that its step-down subsidiary, Adani Renewable Energy Fifty Six Limited, has commissioned a solar project of 87.5 MW, while Adani Green Energy Twenty Five B Limited has operationalised a 25 MW hybrid project at the same site.Following the required regulatory clearances, the company began power generation on 30 September 2025.With these additions, AGEL’s total o..

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..