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.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..