Signature Global Gets CARE A+ Rating for Rs 8.75-Billion NCD Issue

04 Aug 2025 CW Team

Signature Global (India), a leading real estate company, has received a CARE A+ rating with a Stable outlook from CareEdge Ratings for its proposed long-term Non-Convertible Debenture (NCD) issue of Rs 8.75 billion. The funds will be used to refinance existing debt and support business expansion.

The rating reflects the company's steady sales and collections, backed by over 146 lakh sq ft of developed residential and commercial space, timely delivery of projects, and diversification across project stages.

In FY25, Signature Global recorded a 42 per cent year-on-year increase in bookings to Rs 102.9 billion and a 40 per cent rise in collections to Rs 43.80 billion. This performance was driven by the launch of over seven new projects spanning 100 lakh sq ft. Bookings for ongoing projects stood at over 83 per cent by year-end, with inventory overhang remaining low at around two quarters, indicating strong demand.

For the remainder of FY26, the company has debt obligations of Rs 328.49 crore, supported by estimated collections of over Rs 60 billion, signalling a healthy liquidity position.

“The CARE A+ rating reaffirms our financial strength and consistent operational performance,” the company stated.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..