NARCL Seeks Rs.2.7 Billion for Bad Loan Expansion

19 Feb 2024 CW Team

In a strategic move to strengthen its foothold in the bad loan market, the National Asset Reconstruction Company Limited (NARCL) has requested Rs.2.7 billion in funds. This significant financial injection is intended to propel the company's growth in managing non-performing assets, as reported by Economic Times.

NARCL, a key player in the asset reconstruction sector, is gearing up to tackle the challenges posed by mounting bad loans in the financial landscape. The infusion of Rs.2.7 billion is anticipated to provide the necessary capital for acquiring and resolving distressed assets, further contributing to the stabilization of the financial sector.

The request for such a substantial fund reflects NARCL's commitment to addressing the increasing burden of bad loans, ensuring a healthier economic environment. The move aligns with the company's mission to play a pivotal role in the resolution of stressed assets, fostering economic recovery.

This financial development comes at a critical juncture when the management of bad loans is a pressing concern for the financial industry. NARCL's proactive approach in seeking additional funds demonstrates a strategic vision to stay ahead in the market and effectively manage the challenges associated with distressed assets.

The allocation of Rs.2.7 billion is poised to bring about a significant impact on NARCL's ability to acquire, resolve, and restructure non-performing loans. As the company gears up for this substantial expansion, industry experts are closely watching the implications it may have on the broader financial landscape.

This move not only positions NARCL as a major player in the bad loan resolution domain but also underscores the company's commitment to contributing to the overall financial stability and health of the economy.

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..