Runaya Green Tech Secures CRISIL A/Stable, A1 Ratings

21 Jan 2026 CW Team

CRISIL noted that Runaya’s revenues increased nearly fourfold to Rs 2.7 billion in FY25 and are expected to double in FY26, driven by commissioning of new capacities and higher production of critical minerals such as cadmium, cobalt, nickel, copper and antimony.

The company operates a technology-led, sustainability-focused “waste-to-wealth” model, supported by proprietary recovery processes and global technology partnerships. All operations are powered by renewable energy, underscoring its commitment to responsible manufacturing.

According to CRISIL, the ratings are supported by long-term supply and purchase agreements with anchor customers, ensuring strong revenue visibility. The agency also highlighted Runaya’s healthy financial profile, marked by low leverage, strong cash accruals and interest coverage exceeding five times in FY25.

Runaya’s recycled critical minerals are key inputs for advanced material systems and play a vital role in India’s expanding electric vehicle and battery ecosystem. The portfolio strengthens domestic availability of critical materials, reduces import dependence and supports long-term industrial resilience.

Neha Bhandari, Group Chief Financial Officer, said the rating reflects the strength of the company’s business model, operating performance and financial discipline as it expands its critical minerals portfolio.

Powered by 100 per cent renewable energy and targeting water-positive operations by 2027, Runaya’s facilities at Chanderiya and Dariba in Rajasthan are set to significantly expand processing capacity and operational scale. This combination of financial strength, scale and sustainability positions the company for sustained growth in support of India’s manufacturing and energy transition goals.

Runaya Green Tech Private Limited (Runaya), part of the Runaya Group, has received ‘CRISIL A/Stable’ long-term and ‘CRISIL A1’ short-term ratings from CRISIL Ratings, reflecting strong revenue visibility, a healthy financial risk profile and rapid scale-up of operations.CRISIL noted that Runaya’s revenues increased nearly fourfold to Rs 2.7 billion in FY25 and are expected to double in FY26, driven by commissioning of new capacities and higher production of critical minerals such as cadmium, cobalt, nickel, copper and antimony.The company operates a technology-led, sustainability-focused “waste-to-wealth” model, supported by proprietary recovery processes and global technology partnerships. All operations are powered by renewable energy, underscoring its commitment to responsible manufacturing.According to CRISIL, the ratings are supported by long-term supply and purchase agreements with anchor customers, ensuring strong revenue visibility. The agency also highlighted Runaya’s healthy financial profile, marked by low leverage, strong cash accruals and interest coverage exceeding five times in FY25.Runaya’s recycled critical minerals are key inputs for advanced material systems and play a vital role in India’s expanding electric vehicle and battery ecosystem. The portfolio strengthens domestic availability of critical materials, reduces import dependence and supports long-term industrial resilience.Neha Bhandari, Group Chief Financial Officer, said the rating reflects the strength of the company’s business model, operating performance and financial discipline as it expands its critical minerals portfolio.Powered by 100 per cent renewable energy and targeting water-positive operations by 2027, Runaya’s facilities at Chanderiya and Dariba in Rajasthan are set to significantly expand processing capacity and operational scale. This combination of financial strength, scale and sustainability positions the company for sustained growth in support of India’s manufacturing and energy transition goals.

Real Estate

30 May 2026

Hafele Installs Tallest Movable Wall In Goa

Hafele India has delivered the world’s tallest movable wall at the ONGC Convention & Exhibition Centre in Goa. The installation stands 22 metres high and spans 48.1 metres in width, marking a major engineering milestone for large-format convention spaces.The movable wall has been designed to support flexible space configuration and offers 57 dB sound insulation for improved acoustic performance. Built with 1,500 mm wide panels, the system enables smooth movement and seamless functionality across large spans.Frank Schloeder, Managing Director, Hafele South Asia, said the project reflects ..

Real Estate

30 May 2026

Listed Developers’ Pre-Sales Rise 18 Per Cent

The combined pre-sales revenue of India’s top 11 listed real estate developers rose 18 per cent to over Rs 1.48 lakh crore in FY26 from nearly Rs 1.26 lakh crore in FY25, according to ANAROCK Research.The analysis covered Godrej Properties, Prestige Estates, DLF, Lodha, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone and Sobha. Developers with stronger exposure to premium and luxury housing recorded higher growth, led by Prestige Estates at 76 per cent, followed by Puravankara at 48 per cent, Keystone at 33 per cent and Sobha at 30 per cent.ANAROCK sa..

Technology

30 May 2026

Autodesk To Acquire MaintainX For $3.6 Billion

Autodesk has signed a definitive agreement to acquire MaintainX, a maintenance and asset operations software company, in a deal valued at $3.6 billion. The acquisition will be funded through cash on hand and debt financing and is expected to close later this fiscal year.MaintainX is projected to exceed $135 million in annualised recurring revenue in 2026. Its mobile-first platform helps organisations manage assets, coordinate frontline workflows and track real-world operational data across global operations.Autodesk said the acquisition will support its broader move into connected operations b..