Latest news with #ExternalCommercialBorrowings
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Business Standard
6 days ago
- Business
- Business Standard
Net ECB inflows rise to $4.4 billion in April-May 2025, shows RBI data
The net inflows of foreign resources via External Commercial Borrowings (ECBs) grew multi-fold to $4.4 billion in April-May 2025, from $1.7 billion in April-May 2024, according to Reserve Bank of India data. External Commercial Borrowing registrations slowed to $5.7 billion during April-May 2025, down from $8.3 billion during April-May 2024. The RBI, in its monthly bulletin (July 2025), said that notably, nearly 48 per cent of the total external commercial borrowings registered during this period were intended for capital expenditure (capex), including on-lending and sub-lending for capital expenditure. The number of ECB registrations was 122 in April 2025 for $2.91 billion and 100 in May 2025 for $2.73 billion. The tally of ECB registrations by Indian entities stood at 1,379, amounting to $61.2 billion in FY25, RBI data showed. As for the interest rate on the ECBs, expressed in weighted average margin over alternative reference rate, it was 1.46 per cent in May 2025, substantially lower than 2.05 per cent in May 2024. This pricing indicator pertains to the floating rate loans. For fixed-rate loans, the interest rate range was between 0-10.0 per cent in May 2025, as against 0-11.67 per cent in May 2024. Corporate entities from the manufacturing sector had filed registrations for ECBs amounting to $1.2 billion in May 2025, up from $497 million in May 2024. Firms from the infrastructure sector had filed for intent worth $717 million in May 2025, down from $1.36 billion in May 2024. Corporations from services filed ECB intents for just $242 million in May 2025, up from $138 million a year ago. Non-banking finance companies filed ECB intents worth $566 million in May, much lower than $1.42 billion in May 2024.
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Business Standard
16-07-2025
- Business
- Business Standard
Indian firms file ECB intent worth $2.73 bn in May under automatic route
Indian companies, including non-banking financial companies (NBFCs), filed proposals in May 2025 with the Reserve Bank of India (RBI) to raise $2.73 billion through External Commercial Borrowings (ECBs). The intent for fund-raising was entirely through the automatic route, with no proposal filed under the approval route, according to RBI data. Among the prominent firms that filed intent with the RBI in May 2025 was Reliance Industries Ltd (RIL), which sought to raise about $635 million to refinance earlier ECBs. Adani Ports and Special Economic Zone Ltd submitted an application for $150 million for overseas investment in a joint venture or wholly owned subsidiary. Adani Airport Holdings Ltd plans to raise $250 million for refinancing earlier ECBs. Asian Paints (Polymers) Private Ltd filed an application for ECBs worth $145 million for investment in a new project. Bharat Mumbai Container Terminals Private Ltd submitted intent for about $177 million for infrastructure development. Among financial services firms, Tata Capital Housing Finance Ltd filed to raise $100 million to refinance old ECBs. Another financial services company, Avanse Financial Services Ltd, is looking to raise $100 million from a commercial bank for on-lending activities.
Time of India
13-07-2025
- Business
- Time of India
NLC India Ltd to invest Rs 1.25 lakh cr capex by 2030, bets big on renewable energy
NLC India Ltd , a public sector enterprise, is planning to invest Rs 1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 crores for mining. The official elaborated that out of the Rs 65,000 crore capex on renewables, around Rs 15,000 crore will be on the battery storage system. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo "We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around 1.25 lakh crore by 2030," Kumar told PTI Videos. NLCIL is arranging finance for the planned capex of Rs 1.25 lakh crore through internal accruals, domestic loans, Initial Public Offering's (IPOs), External Commercial Borrowings (ECBs), he explained. Live Events NLC is contemplating starting a consulting business abroad, initially in Sri Lanka, Bhutan, Nepal, Myanmar, Africa, and the Middle East and acquire battery mineral assets overseas - especially in Vanadium, Cobalt, Lithium and Copper, among others, he said. Recently, NLC got two critical mineral blocks in Chhattisgarh and with that experience the company is exploring the possibilities of critical mineral mining abroad also. "Some due diligence is being done for some lithium mines in Mali. And some copper and cobalt mines in the African state of Congo. So, we are open for exploration of critical minerals across the globe. We are finding opportunities and doing due diligence to take it forward," he said. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC, is expected to go for an Initial Public Offering (IPO) during the current financial year aiming to enable value unlocking in the renewable business for its parent company. The proposed IPO will help raise funds for NIRL, which will likely be utilised for green energy projects. According to the official, NLC has already received in-principle approval to invest up to Rs 3,720 crore in NIRL, subject to necessary approvals and compliance with guidelines. NLCIL signed an agreement with the Telangana government to supply 200 MW renewable energy. The construction of the project in Gujarat is expected to be completed in the current financial year. NCL India earned a consolidated net profit of Rs 2714 crore on a total income from operations of Rs 15283 crore during the last financial year.
New Indian Express
04-06-2025
- Business
- New Indian Express
Adani Airports raises 750 million dollars to refinance debt, expand capacity
MUMBAI: Adani Airports Holdings has raised 750 million dollars through External Commercial Borrowings (ECB) from a consortium of international banks. The funds will be used to refinance existing debt, invest in infrastructure upgrades, and expand capacity at six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The borrowed amount will also support the growth of non-aeronautical businesses, such as retail, food and beverage, duty-free, and other services across the airport network. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. Adani Airports Holdings, a subsidiary of Adani Enterprises and the country's largest private airport operator, served 94 million passengers in the financial year 2024–25. The company's total handling capacity currently stands at 110 million passengers, and it plans to triple this figure to 300 million passengers per year by 2040 through phased expansion. As part of this growth plan, the Navi Mumbai International Airport is expected to become operational soon. It will initially handle 20 million passengers, with capacity set to increase to 90 million annually in later phases. 'AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network,' said Arun Bansal, CEO of AAHL. Latham and Watkins LLP and Linklaters LLP acted as English law counsel for the deal, while Cyril Amarchand Mangaldas and TT&A served as Indian legal advisors.
