Adani Road Transport's two units accept bids for Rs 11.25 billion bond issue

24 Oct 2024 CW Team

Two special purpose vehicles under India's Adani Road Transport received bids totalling Rs 11.25 billion, as reported by three bankers. The fundraising was conducted through a series of bond issuances by the two companies, aimed at securing long-term financing for infrastructure projects.

Mancherial Repallewada Road accepted bids amounting to Rs 2.37 billion, while Suryapet Khammam Road secured Rs 2.82 billion through bonds with a tenure of six years and five months, and six years and eight months, respectively. Both bonds were issued at a semi-annual coupon rate of 8.28%, indicating the interest rate payable to investors every six months.

In a separate tranche, Mancherial Repallewada Road and Suryapet Khammam Road also accepted bids worth Rs 3.31 billion and Rs 2.75 billion, respectively, through bonds with longer durations. The terms for these bonds were set at 10 years and 11 months, and 10 years and eight months, each carrying a semi-annual coupon rate of 8.08%. These longer-term bonds were intended to secure steady funding over a decade for ongoing infrastructure development.

Earlier in the day, the companies had opened the process for commitment bids, inviting interested parties to submit their offers for these bond issues.

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..