EquityWireOverseas Borrowings: Indian cos raised $2.83 bln via overseas debt in Nov vs $5.50 bln in Oct
Overseas Borrowings
Indian cos raised $2.83 bln via overseas debt in Nov vs $5.50 bln in Oct
This story was originally published at 19:26 IST on 8 January 2025
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NEW DELHI – Indian companies raised $2.83 billion through external commercial borrowings in November, down from $5.50 billion in October, data released by the Reserve Bank of India Wednesday showed.
Indian companies raised $1.40 billion through the automatic route in November, and $1.44 billion through the approval route, the data showed. Borrowing $300 million, Indian Oil Corp. Ltd. raised the most money in November, followed by Reliance Industries Ltd., which raised $225 million under the automatic route.
Under the approval route, Bajaj Finance Ltd., Interglobe Aviation Ltd., REC Ltd., and Reliance Industries raised money. Reliance Industries raised $1 billion in November under the approval route.
| I AUTOMATIC ROUTE* | ||||
| ECB/FCCB | Borrower | in mln $ | Purpose | Maturity Period in months |
| ECB | Veritas Data Management India | 23.18 | New Project | 7 Years 8 Months |
| ECB | Esyasoft Technologies | 10.00 | Working Capital | 7 Years 2 Months |
| ECB | Orix Corporation India | 8.89 | Refinancing of Rupee Loans | 5 Years |
| ECB | Vivriti Capital | 25.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Reliance Sibur Elastomers | 48.24 | Working Capital | 10 Years 4 Months |
| ECB | Grihum Housing Finance | 35.85 | On-Lending or Sub-Lending | 5 Years 3 Months |
| ECB | Tsugami Precision Engineering India | 8.76 | Working Capital | 7 Years |
| ECB | Indo Fast Swap Energy | 27.97 | Local Sourcing of Capital Goods (Rupee Expenditure) | 6 Years |
| ECB | Urgo Capital | 30.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Alpla India | 7.44 | Modernisation | 6 Years 7 Months |
| ECB | Aisin Automotive Haryana | 6.40 | Local Sourcing of Capital Goods (Rupee Expenditure) | 7 Years |
| ECB | Worldwide Safety | 6.37 | New Project | 5 Years 4 Months |
| ECB | Shibaura Machine India | 5.93 | Working Capital | 10 Years 3 Months |
| ECB | Optimus Biofuels | 2.89 | New Project | 4 Years 11 Months |
| ECB | Ohsung India | 5.00 | New Project | 5 Years |
| ECB | Carboncapture Technologies | 4.95 | Working Capital | 9 Years 11 Months |
| ECB | Accertify (India) Solutions | 4.94 | New Project | 5 Years |
| ECB | SIA & KIA Trading India | 2.96 | Local Sourcing of Capital Goods (Rupee Expenditure) | 6 Years 1 Months |
| ECB | Stoughton Street Tech Labs | 4.80 | Working Capital | 6 Years |
| ECB | Grobest Feeds Corporation India | 4.25 | Working Capital | 5 Years 7 Months |
| ECB | Panasonic Automotive Systems India | 4.05 | Working Capital | 5 Years |
| ECB | Yanolja Cloud Solution | 4.00 | Overseas Investment IN JV/WOS | 3 Years 1 Months |
| ECB | Tsugami Precision Engineering India | 3.56 | Modernisation | 7 Years |
| ECB | Interglobe Aviation | 110.42 | Import of Capital Goods | 12 Years |
| ECB | Orind Special Refractories | 1.00 | Working Capital | 10 Years 3 Months |
| ECB | K.K.P Fine Linen | 2.00 | Modernisation | 4 Years 8 Months |
| ECB | Jieqin Technologies India | 3.56 | Working Capital | 6 Years |
| ECB | Huliot Pipes & Fittings | 3.02 | Working Capital | 8 Years 1 Months |
| ECB | Topre India | 3.00 | Local Sourcing of Capital Goods (Rupee Expenditure) | 7 Years 10 Months |
| ECB | Incred Financial Services | 25.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Houzeo India | 1.15 | Modernisation | 25 Years 1 Months |
| ECB | GVS Filter India | 2.12 | Working Capital | 5 Years 6 Months |
| ECB | Rose Plastic India | 2.12 | New Project | 7 Years 1 Months |
| ECB | Neemrana Steel Service Center India | 2.01 | Modernisation | 11 Years 1 Months |
| ECB | Hitevision Tech India | 2.00 | Working Capital | 5 Years 8 Months |
| ECB | Tescom Wireless India | 2.00 | Working Capital | 5 Years 1 Months |
| ECB | Eternis Fine Chemicals | 50.00 | Overseas Investment IN JV/WOS | 6 Years |
| ECB | Neemrana Steel Service Center India | 1.73 | Working Capital | 11 Years 1 Months |
| ECB | Kashiv Research | 1.50 | New Project | 5 Years 1 Months |
| ECB | Westermo India | 1.42 | Working Capital | 5 Years |
| ECB | Indian Oil Corporation | 300.00 | Working Capital | 5 Years |
| ECB | Protium Finance | 25.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | MSM Spring India | 1.42 | Working Capital | 5 Years |
| ECB | NBI India | 1.39 | New Project | 10 Years |
| ECB | Legero United Shoes India | 1.38 | Import of Capital Goods | 7 Years 10 Months |
| ECB | Smart IT Solutions | 1.25 | Others | 23 Years 10 Months |
| ECB | Cooper Turner Beck Green Energy India | 1.19 | Working Capital | 7 Years 4 Months |
| ECB | Reliance Industries | 225.00 | Refinancing of Earlier ECB | 6 Years |
| ECB | Mirabelle Cosmetics | 1.00 | Working Capital | 10 Years 2 Months |
| ECB | Varthana Finance | 15.00 | On-Lending or Sub-Lending | 4 Years |
| ECB | Yjlink India | 1.00 | New Project | 10 Years |
| ECB | IB Track Solutions | 5.00 | New Project | 15 Years |
| ECB | Pazago Technologies | 1.00 | Working Capital | 10 Years |
| ECB | Veeglow Industries | 0.90 | Import of Capital Goods | 7 Years |
| ECB | Stago India | 0.85 | Working Capital | 5 Years |
| ECB | Grobest Feeds Corporation India | 0.75 | Import of Capital Goods | 5 Years 7 Months |
| ECB | Trucap Finance | 5.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | Pronk Multiservice India | 0.74 | Working Capital | 5 Years 4 Months |
| FCCB | Paisalo Digital | 128.00 | On-Lending or Sub-Lending | 5 Years 2 Months |
| ECB | HPL Industrial Estates | 11.85 | New Project | 5 Years |
| ECB | Hygiia Ventures | 0.72 | New Project | 3 Years |
| ECB | Aryadhan Financial Solutions | 1.35 | On-Lending or Sub-Lending | 3 Years |
| ECB | Mil Power Converter Technologies India | 0.70 | Working Capital | 5 Years |
| ECB | Azure Power India | 31.13 | Refinancing of Earlier ECB | 3 Years |
| ECB | Ikus | 0.50 | New Project | 3 Years |
| ECB | AVI-SPL Global Business Services India | 0.50 | Working Capital | 8 Years 1 Months |
| ECB | Becis Smart Energy | 0.50 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years |
| ECB | Katsura Roller (India) | 0.49 | Working Capital | 10 Years |
| ECB | Nolato Solutions India | 0.47 | Working Capital | 5 Years |
| ECB | DT Detection Technology India | 0.36 | Working Capital | 5 Years |
| ECB | Hero Fincorp | 125.00 | On-Lending or Sub-Lending | 4 Years 2 Months |
| ECB | CFX Biotech (India) | 0.33 | Working Capital | 5 Years 1 Months |
| ECB | Vahle India | 0.27 | Working Capital | 5 Years 7 Months |
| ECB | Aaran 1 Engineering | 0.93 | Import of Capital Goods | 5 Years 1 Months |
| ECB | Jjlurgi Engineering India | 0.15 | Working Capital | 5 Years |
| ECB | Sentec Mechatronics | 0.14 | Working Capital | 6 Years 7 Months |
| ECB | Toyox Technologies India | 0.12 | Working Capital | 6 Years 10 Months |
| ECB | Vena Energy Solar Helios India Power Resources | 0.12 | New Project | 25 Years |
| ECB | Vena Energy Nilgiri Wind Power | 0.12 | New Project | 25 Years |
| ECB | Namdev Finvest | 3.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | TT Steel Service India | 3.50 | New Project | 9 Years |
| ECB | Amaraj | 0.05 | Working Capital | 5 Years 6 Months |
| 1397.62 | ||||
| II APPROVAL ROUTE* | ||||
| ECB | Bajaj Finance | 250.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | Interglobe Aviation | 110.42 | Import of Capital Goods | 12 Years 2 Months |
| ECB | REC | 75.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Reliance Industries | 1000.00 | Local Sourcing of Capital Goods (Rupee Expenditure) | 12 Years |
| Approval Route Total(II) | 1435.42 | |||
| Grand Total (I+II) | 2833.04 | |||
End
US$1 = INR 85.85
Reported by Sourabh Kumar
Compiled by Mansi Patil
Edited by Tanima Banerjee
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