MoneyWireExternal Commercial Borrowing: Indian companies raise $4.00 bln via overseas debt in Jan vs $9.54 bln in Dec
External Commercial Borrowing
Indian companies raise $4.00 bln via overseas debt in Jan vs $9.54 bln in Dec
This story was originally published at 19:03 IST on 11 March 2025
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MUMBAI – Indian companies raised $4.00 billion through external commercial borrowings in January, sharply down from $9.54 billion raised in December, data released by the Reserve Bank of India Tuesday showed.
In January, Indian companies raised $1.98 billion through the automatic route, and $2.02 billion through the approval route, the data showed. Power Grid Corp. of India Ltd. raised the most money in January at $360 million under the automatic route, followed by Mahindra & Mahindra Financial Services Ltd., which raised $250 million. Under the approval route, Export-Import Bank of India, REC Ltd., and Shriram Finance raised money in January.
| I AUTOMATIC ROUTE* | ||||
| ECB/FCCB | Borrower | in mln $ | Purpose | Maturity Period in months |
| ECB | SGB Brandsafway | 12.35 | Import of Capital Goods | 8 Years |
| ECB | Daido India | 1.37 | New Project | 1 Years |
| ECB | Benteler Automotive India | 8.38 | Local Sourcing of Capital Goods (Rupee Expenditure) | 1 Years 9 Months |
| ECB | Power Finance Corporation | 100.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Amgen Technology | 24.71 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years |
| ECB | SK Finance | 100.00 | On-Lending or Sub-Lending | 5 Years 6 Months |
| ECB | SRH Rubber Industries | 0.31 | Working Capital | 5 Years 4 Months |
| ECB | Princeton Digital Group (India) Management | 12.00 | New Project | 3 Years |
| ECB | Creditaccess Grameen | 50.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | Entrust Precision India | 1.30 | Working Capital | 7 Years 6 Months |
| ECB | Entrust Precision India | 1.30 | Working Capital | 5 Years |
| ECB | Durlum India | 0.31 | New Project | 4 Years 11 Months |
| ECB | Effee Induction | 0.84 | Working Capital | 5 Years 5 Months |
| ECB | Everest Rentals | 0.11 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years |
| ECB | Canon Medical Systems India | 2.34 | Working Capital | 5 Years 1 Months |
| ECB | ATC Tires AP | 10.00 | Modernisation | 8 Years 8 Months |
| ECB | Kose Corporation India | 1.18 | Working Capital | 5 Years |
| ECB | Norse Brands | 0.13 | Working Capital | 5 Years 1 Months |
| ECB | Xylosuisse | 2.35 | New Project | 9 Years 5 Months |
| ECB | KEF Hospitality India | 10.00 | New Project | 14 Years 3 Months |
| ECB | TDConnex (Chennai) | 2.93 | Import of Capital Goods | 5 Years 3 Months |
| ECB | Emuge-Franken India | 2.02 | Modernisation | 6 Years 2 Months |
| ECB | Rielta Security International | 0.23 | Others | 5 Years 7 Months |
| ECB | Power Grid Corporation of India | 360.04 | On-Lending or Sub-Lending | 7 Years |
| ECB | Gmic Ktos India | 0.98 | Working Capital | 7 Years 6 Months |
| ECB | Ahresty India | 4.71 | Import of Capital Goods | 5 Years |
| ECB | Moldtecs Trading India | 4.69 | Working Capital | 5 Years 11 Months |
| ECB | NNHS India | 0.73 | Working Capital | 8 Years 11 Months |
| ECB | De Beers India | 4.00 | Local Sourcing of Capital Goods (Rupee Expenditure) | 4 Years |
| ECB | Barranquesa India | 0.94 | Working Capital | 8 Years 5 Months |
| ECB | Garhwal Smart Metering | 8.21 | New Project | 7 Years 6 Months |
| ECB | Jammu Smart Metering | 5.47 | New Project | 8 Years 1 Months |
| ECB | PNB Housing Finance | 125.00 | Ifrasturcture | 3 Years |
| ECB | Armtel Engineering | 0.46 | Working Capital | 5 Years 2 Months |
| ECB | Adsun Electronics | 4.00 | Working Capital | 10 Years 3 Months |
| ECB | Diamet Sintered Metal India | 3.13 | Import of Capital Goods | 9 Years 11 Months |
| ECB | Sagittaria Exports | 0.21 | New Project | 7 Years |
| ECB | 31 Parallel Business Processing Operations | 0.10 | Working Capital | 13 Years 11 Months |
| ECB | Lucchini (I) | 0.52 | Working Capital | 5 Years 3 Months |
| ECB | Openbyte Infrastructure | 0.70 | Working Capital | 6 Years 5 Months |
| ECB | Manoharamma Hotel Investments | 21.00 | Modernisation | 10 Years |
| ECB | JMS Mining | 7.28 | Import of Capital Goods | 8 Years |
| ECB | Wheelsemi | 3.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | Oedec Engineering | 0.59 | Working Capital | 12 Years 6 Months |
| ECB | KOC Sound System India | 1.20 | Working Capital | 5 Years |
| ECB | I.EVR Motors | 1.00 | Working Capital | 5 Years 9 Months |
| ECB | Godrej Finance | 25.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | JJ Inoutex | 0.10 | Working Capital | 8 Years |
| ECB | Shinko Nameplate India | 1.30 | Working Capital | 5 Years |
| ECB | Dreamtech Electronics India | 4.00 | New Project | 1 Years |
| ECB | Geniusbos Technology India | 2.90 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years 10 Months |
| ECB | Ahresty India | 2.35 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years |
| ECB | Maxamtech Digital Ventures | 0.07 | Working Capital | 7 Years 3 Months |
| ECB | D'Aguilar Fashion | 0.10 | Working Capital | 8 Years 9 Months |
| ECB | Neemrana Steel Service Center India | 1.36 | New Project | 9 Years 2 Months |
| ECB | Topre India | 4.62 | Local Sourcing of Capital Goods (Rupee Expenditure) | 7 Years 11 Months |
| ECB | P2I (India) | 0.60 | Working Capital | 10 Years 11 Months |
| ECB | Sheepmedical India | 0.08 | Working Capital | 5 Years |
| ECB | Kitagawa Technology India | 0.75 | Working Capital | 5 Years |
| ECB | Kitagawa Technology India | 1.86 | Local Sourcing of Capital Goods (Rupee Expenditure) | 10 Years |
| ECB | Misumi India | 10.00 | Working Capital | 5 Years |
| ECB | NMDC Data Centre | 175.00 | Local Sourcing of Capital Goods (Rupee Expenditure) | 3 Years |
| ECB | NIDP Developers | 37.50 | Refinancing of Rupee Lonas | 10 Years |
| ECB | Betam Wind Energy | 37.49 | On-Lending or Sub-Lending | 9 Years 11 Months |
| ECB | MCFS India | 2.00 | New Project | 10 Years |
| ECB | Autoliv Inflators India | 8.24 | Import of Capital Goods | 5 Years 2 Months |
| ECB | Tessolve Semiconductor | 25.14 | Overseas Ivestment In JV/WOS | 4 Years 11 Months |
| ECB | Aoyama Automotive Fasteners (India) | 19.54 | New Project | 10 Years |
| ECB | PNB Housing Finance | 100.00 | Ifrasturcture | 3 Years |
| ECB | Yanmar Engine Manufacturing India | 11.40 | Working Capital | 5 Years |
| ECB | Vithal Gems | 0.65 | New Project | 8 Years 2 Months |
| ECB | Mane Kancor Ingredients | 21.18 | Working Capital | 7 Years 11 Months |
| ECB | Plastic Omnium Auto Exteriors (India) | 12.94 | Local Sourcing of Capital Goods (Rupee Expenditure) | 3 Years |
| ECB | Satin Creditcare Network | 2.62 | On-Lending or Sub-Lending | 4 Years |
| ECB | Satin Creditcare Network | 3.67 | On-Lending or Sub-Lending | 4 Years |
| ECB | Kuuraku India | 0.18 | Working Capital | 7 Years |
| ECB | Nteck Automotive | 0.92 | Import of Capital Goods | 5 Years 6 Months |
| ECB | Meijidenki India | 0.47 | Working Capital | 5 Years |
| ECB | Indodeutsche Precision Tubes | 3.41 | Local Sourcing of Capital Goods (Rupee Expenditure) | 8 Years 3 Months |
| ECB | Micronics India | 2.94 | Working Capital | 6 Years 11 Months |
| ECB | Seeds Fincap | 3.00 | On-Lending or Sub-Lending | 4 Years |
| ECB | Imasen Manufacturing India | 2.61 | Import of Capital Goods | 4 Years |
| ECB | GHT Door Hardware | 0.50 | Working Capital | 6 Years 11 Months |
| ECB | Kyokutoh Weld India | 1.30 | Working Capital | 10 Years |
| ECB | E-Matica Data Analytics India | 0.16 | Working Capital | 6 Years |
| ECB | Yong San Automotive India | 1.20 | Working Capital | 5 Years |
| ECB | Yong San Automotive India | 1.30 | Working Capital | 5 Years |
| ECB | FTG Aerospace Hyderabad | 1.18 | Working Capital | 9 Years 3 Months |
| ECB | Dongyang Diecasting India | 1.15 | Working Capital | 5 Years 6 Months |
| ECB | Stemztech Industries | 0.10 | Working Capital | 5 Years |
| ECB | Stemztech Industries | 0.30 | Local Sourcing of Capital Goods (Rupee Expenditure) | 3 Years |
| ECB | Suryamani Glassed Steel Equipment | 5.63 | Modernisation | 9 Years 11 Months |
| ECB | Namdev Finvest | 10.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | Vedanta | 200.00 | Overseas Ivestment In JV/WOS | 4 Years |
| ECB | Vgrown Tech | 57.33 | Local Sourcing of Capital Goods (Rupee Expenditure) | 3 Years 4 Months |
| ECB | Mahindra & Mahindra Financial Services | 250.00 | On-Lending or Sub-Lending | 3 Years |
| ECB | Fuji Seal India | 0.64 | Working Capital | 5 Years |
| ECB | Fukoku India | 1.47 | Local Sourcing of Capital Goods (Rupee Expenditure) | 9 Years 8 Months |
| ECB | Simplex Chemopack | 2.26 | Local Sourcing of Capital Goods (Rupee Expenditure) | 5 Years 6 Months |
| ECB | Pegasus Waste Management | 1.55 | Refinancing of Rupee Lonas | 5 Years |
| ECB | Seco Tools India | 3.65 | Import of Capital Goods | 3 Years 1 Months |
| ECB | Lumax Yokowo Technologies | 0.60 | Working Capital | 10 Years 8 Months |
| ECB | PMC Pharmaceuticals India | 2.00 | Working Capital | 9 Years 11 Months |
| ECB | Richter Themis Medicare (India) | 3.00 | Modernisation | 1 Years 4 Months |
| ECB | Pellucere Technologies | 0.50 | Working Capital | 5 Years |
| ECB | Pioneer Extruders | 2.10 | Refinancing of Rupee Lonas | 8 Years 11 Months |
| ECB | ISG Novasoft Technologies | 0.13 | Working Capital | 5 Years |
| ECB | Randack Fasteners India | 1.57 | New Project | 5 Years 2 Months |
| 1977.69 | ||||
| II APPROVAL ROUTE* | ||||
| ECB | REC | 320.00 | On-Lending or Sub-Lending | 5 Years |
| ECB | SHRIRAM FINANCE | 150.00 | On-Lending or Sub-Lending | 6 Years |
| ECB | SHRIRAM FINANCE | 150.00 | On-Lending or Sub-Lending | 6 Years |
| ECB | Export-Import Bank of India | 1000.00 | On-Lending or Sub-Lending | 10 Years |
| ECB | REC | 400.00 | On-Lending or Sub-Lending | 5 Years 3 Months |
| Approval Route Total(II) | 2020.00 | |||
| Grand Total (I+II) | 3997.69 | |||
End
US$1 = INR 87.2125
Reported by Christina Titus
Compiled by Mansi Patil
Edited by Rajeev Pai
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