HEG Limited has approved the grant of an unsecured loan of ₹210 Crores to Bhilwara Energy Limited (BEL), an associate company. The loan is intended to support BEL’s growth trajectory. The tenure of the loan is 1 year, with an interest rate of 9% p.a. and a bullet repayment term.
Unsecured Loan Approval
The Board of Directors of HEG Limited has approved an inter-corporate unsecured loan to Bhilwara Energy Limited (BEL), an associate company, during its meeting held on September 23, 2025.
Loan Details
HEG Limited will grant an unsecured loan of ₹210 Crores (Rupees Two Hundred and Ten Crores Only) to Bhilwara Energy Limited.
Purpose: The purpose of this loan is to support the growth trajectory of Bhilwara Energy Limited.
Key Terms of the Agreement
Here are the significant terms of the loan agreement:
- Tenure: 1 (One) Year from the date of Disbursement.
- Interest Rate: 9% p.a.
- Re-payment Term: Re-payment by way of Bullet payment (Principal and Interest) on the date of maturity.
Associate Company Details
Bhilwara Energy Limited is an Associate of HEG Limited, in which HEG holds 40.42% of the share capital.
Bhilwara Energy Limited is currently undergoing amalgamation with HEG Limited, post the demerger of its Graphite Business undertaking. This amalgamation is pursuant to a composite scheme of arrangement approved by the Boards of both HEG Limited and BEL on March 10, 2025, and is being processed under the applicable provisions of the Companies Act.
Source: BSE
