SWELECT Energy Raises ₹138.5 Crore Through Non-Convertible Debentures for Business Expansion

SWELECT Energy Systems Limited has approved the allotment of secured, unlisted, rated, redeemable, non-cumulative, taxable, and non-convertible debentures (NCDs) worth ₹138.5 crores through a private placement to India Infradebt Limited. This decision was made during the company’s board meeting on February 25, 2025.

The NCDs have a face value of ₹10 lakh each, with a total of 1,385 debentures issued. These securities carry an average interest rate of 9.5% per annum, with monthly interest payments. The debentures have a tenure of 12.5 years and will mature on March 31, 2037. The repayment will be made either from company profits or through fresh issues.

To secure the debentures, SWELECT has created a hypothecation or pledge in favor of the debenture trustee. In case of delayed payments beyond three months, an additional 1% per annum interest will be charged on the overdue amount.

This investment aims to support SWELECT’s business operations and future growth plans.

 

  • Related Posts

    CG Power Reports Record Q1 FY27 Revenue and Profit as Order Book Surges 45% to INR 17,333 Crore

    CG Power and Industrial Solutions Limited (CG) has reported record first-quarter financial performance for FY2026-27, with its highest-ever Q1 revenue and profit before tax (PBT) driven by strong execution across…

    LONGi Partners with Innoptus and Delft Solar Teams for 2026 American Solar Challenge

    Solar technology company LONGi has partnered with Belgium’s Innoptus Solar Team and the Netherlands’ Delft Solar Team for the 2026 Elektrek American Solar Challenge (ASC), expanding its efforts to validate…

    Have You Seen?

    Paras Semiconductor eyes chip facility in Madhya Pradesh, India

    • July 27, 2026
    Paras Semiconductor eyes chip facility in Madhya Pradesh, India

    Saudi Red Sea Crude Exports Have Sank 41% Since March Peak

    • July 27, 2026
    Saudi Red Sea Crude Exports Have Sank 41% Since March Peak

    Oil Shock Could Turn Super El Niño Into an Inflation Problem Again

    • July 27, 2026
    Oil Shock Could Turn Super El Niño Into an Inflation Problem Again

    Russia’s Biggest Black Sea Oil Port Goes Quiet as Drone Threat Grows

    • July 27, 2026
    Russia’s Biggest Black Sea Oil Port Goes Quiet as Drone Threat Grows

    Oil Prices Plunge 5% After U.S. and Iran Halt Attacks

    • July 27, 2026
    Oil Prices Plunge 5% After U.S. and Iran Halt Attacks

    China’s Crude Oil Imports Surge

    • July 27, 2026
    China’s Crude Oil Imports Surge

    Japan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas Investment

    • July 27, 2026
    Japan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas Investment

    Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium

    • July 27, 2026
    Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium

    European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease

    • July 27, 2026
    European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease

    Linde expands low-carbon power push as industry faces soaring electricity demand

    • July 27, 2026
    Linde expands low-carbon power push as industry faces soaring electricity demand