Aditya Birla Renewables secures Rs 25 billion via NCD issuance

27 Sep 2024 CW Team

Aditya Birla Renewables (ABReL), a subsidiary of Grasim Industries, has raised Rs 25 billion through the allotment of non-convertible debentures (NCDs) on a private placement basis. According to a statement by Grasim Industries, the company issued 2,50,000 unsecured, listed, rated, redeemable NCDs, each with a face value of Rs 1 lakh, on September 24, 2024.

The total amount raised includes a base issue size of Rs 2,000 crore, along with a green shoe option allowing an oversubscription retention of up to Rs 500 crore. The NCDs carry a coupon rate of 8.6% per annum and are set to mature on September 24, 2027.

Founded in 2011, ABReL is a prominent provider of solar, wind, and hybrid power solutions, serving both public and private sector clients across India. The company has completed 50 renewable energy projects across nine states.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..