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Business Standard
16 hours ago
- Business
- Business Standard
Board of Aditya Birla Real Estate approves fund raising up to Rs 1500 cr
At meeting held on 23 July 2025 The Board of Aditya Birla Real Estate at its meeting held on 23 July 2025 has approved raising of funds up to Rs 1500 crore in one or more tranches by way of availing secured or unsecured Rupee Term Loan within the borrowing limits approved by the shareholders to refinance the existing debts of the Company taken for capex use of Century Pulp and Paper division of the Company (CPP) and release of charges or encumbrances created on the assets of CPP for such loans, in view of the proposed sale of CPP division of the Company to ITC Powered by Capital Market - Live News
Mint
18 hours ago
- Business
- Mint
Aditya Birla Real Estate share price tanks over 6% after company posts net loss in Q1FY26
Aditya Birla Real Estate share price declined over 6% on Wednesday after the company reported its Q1 results with a consolidated net loss. Aditya Birla Real Estate shares dropped as much as 6.74% to ₹ 1,991.05 apiece on the BSE. Aditya Birla Real Estate (ABREL) reported a consolidated net loss of ₹ 27.08 crore for the first quarter of this fiscal, as against a net profit of ₹ 17.35 crore in the year-ago period. However, the company' net loss in the April-June quarter narrowed from the loss of ₹ 135.20 crore posted in the March 2025 quarter. The company's total revenue in Q1FY26 declined 57% to ₹ 157.41 crore from ₹ 365.24 crore, year-on-year (YoY). During the first quarter of 2025-26 fiscal, ABREL posted a net loss of ₹ 47.30 crore from continued operations while it clocked a profit of ₹ 20.22 crore from the discontinued operations. Aditya Birla Real Estate, formerly known as Century Textiles & Industries Ltd, has recently sold its pulp and paper business. Aditya Birla Real Estate has also announced raising of funds up to ₹ 1,500 crore, in one or more tranches, by way of availing secured or unsecured Rupee Term Loan within the borrowing limits approved by the shareholders. The fundraising is done to refinance the existing debts of the company taken for capex use of Century Pulp and Paper division of the Company (CPP) and release of charges or encumbrances created on the assets of CPP for such loans, in view of the proposed sale of CPP division of the Company to ITC, Aditya Birla Real Estate said in a regulatory filing on July 23. Aditya Birla Real Estate share price has dropped 16% in one month, but the stock has risen 5% in the past six months. On a year-to-date (YTD) basis, Aditya Birla Real Estate shares have declined 20%, while it has fallen 8% in one year. Despite recent weakness, the real estate stock has delivered robust long-term returns — surging 150% over a three-year period and delivering multibagger gains of 560% in the last five years. At 2:30 PM, Aditya Birla Real Estate share price was trading 5.95% lower at ₹ 2,008.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
25-04-2025
- Business
- Mint
IRFC emerged as lowest bidder for ₹5000 crore term-loan to NTPC
Stock Market Today: Indian Railway Finance Corporation Ltd or IRFC has emerged as lowest bidder for ₹ 5000 crore term-loan to NTPC as per the intimation to the exchanges on Friday 25 April 2025 The Indian Railway Finance Corporation Ltd or IRFC intimated the National Stock Exchange of India Ltd and the Bombay Stock Exchange Ltd on Friday about IRFC emerging as L1 bidder for ₹ 5000 crore Rupee Term Loan to NTPC As per the IRFC release it had participated in a bid for RTL (Rupee Term Loan) of ₹ 5000 crore to NTPC for meeting part of capital expenditure for ongoing and new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025. It is in response to the same that NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC's offer. However IRFC said that the proposal is subject to further due diligence and approval of Board of Directors and finalisation of detailed sanctioned terms with NTPC Indian Railway Finance Corporation Ltd or IRFC had informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/04/2025 , to consider and approve the Audited Financial Results for the quarter and financial year ended 31st March, 2025 and other financial statements namely Cash Flow Statement and Statement of Assets and Liabilities for the year ended 31st March, 2025. The Board meeting will also consider approval of Market Borrowing programmed of the company for the Financial Year 2025-26. IRFC share price opened at ₹ 133.90 on the BSE on Thursday and at the time of opening, the IRFC share price was higher than the previous day's closing price of ₹ 133.40. IRFC share price thereafter gained to intraday highs of ₹ 134.50, though it could not sustain the intra day high levels on Friday amid weak markets as stock market crashed
Mint
25-04-2025
- Business
- Mint
IRFC emerged as lowest bidder for ₹5000 crore term-loan to NTPC
Stock Market Today: Indian Railway Finance Corporation Ltd or IRFC has emerged as lowest bidder for ₹ 5000 crore term-loan to NTPC as per the intimation to the exchanges on Friday 25 April 2025 The Indian Railway Finance Corporation Ltd or IRFC intimated the National Stock Exchange of India Ltd and the Bombay Stock Exchange Ltd on Friday about IRFC emerging as L1 bidder for ₹ 5000 crore Rupee Term Loan to NTPC As per the IRFC release it had participated in a bid for RTL (Rupee Term Loan) of ₹ 5000 crore to NTPC for meeting part of capital expenditure for ongoing and new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025. It is in response to the same that NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC's offer. However IRFC said that the proposal is subject to further due diligence and approval of Board of Directors and finalisation of detailed sanctioned terms with NTPC Indian Railway Finance Corporation Ltd or IRFC had informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/04/2025 , to consider and approve the Audited Financial Results for the quarter and financial year ended 31st March, 2025 and other financial statements namely Cash Flow Statement and Statement of Assets and Liabilities for the year ended 31st March, 2025. The Board meeting wil also consider approval of Market Borrowing programmed of the company for the Financial Year 2025-26. IRFC share price opened at ₹ 133.90 on the BSE on Thursday and at the time of opening, the IRFC share price was higher than the previous day's closing price of ₹ 133.40. IRFC share price thereafter gained to intraday highs of ₹ 134.50, though it could not sustain the intra day trades on Friday amid weak markets as stock market crashed Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 25 Apr 2025, 01:53 PM IST
Business Upturn
25-04-2025
- Business
- Business Upturn
IRFC declared as L1 bidder for Rs 5,000 crore Rupee Term Loan to NTPC
Indian Railway Finance Corporation (IRFC) has been declared the lowest (L1) bidder for a ₹5,000 crore Rupee Term Loan (RTL) sought by NTPC. This development follows IRFC's participation in the competitive bidding process conducted by NTPC to raise funds for its capital expenditure initiatives. The loan is intended to support NTPC's ongoing and new capacity addition programs, including the acquisition of projects, development of renewable energy assets, renovation and modernization of existing infrastructure, as well as the refinancing of existing loans. The bidding process took place on April 18, 2025, and IRFC's offer has been accepted by NTPC as per a communication dated April 24, 2025. In the exchange filing, the company shared, 'IRFC has participated in a bid for RTL of Rs 5000 crore to NTPC for meeting part of capital expenditure for ongoing/new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025. In response to the same, NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC's offer.' The finalisation of the loan agreement is subject to standard due diligence procedures, internal approvals from IRFC's Board of Directors, and the mutual agreement on detailed sanction terms with NTPC. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
