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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..