HEG’s Board of Directors has approved the grant of an unsecured inter-corporate loan of Rs. 210 Crores to its associate company, Bhilwara Energy Limited (BEL). The loan aims to bolster BEL’s growth trajectory and will be disbursed in one or more tranches. The loan has a tenure of 1 year with an interest rate of 9% p.a., to be repaid as a bullet payment.
Unsecured Loan Approval
The Board of Directors at HEG has given the green light to an unsecured loan amounting to Rs. 210 Crores for Bhilwara Energy Limited (BEL), an associate company, during its meeting held on September 23, 2025. The decision aims to support BEL’s expansion and development plans.
Loan Details
Here’s a breakdown of the key terms and conditions:
- Recipient: Bhilwara Energy Limited (BEL)
- Loan Amount: Rs. 210 Crores
- Purpose: To fund the growth trajectory of BEL.
- Tenure: 1 Year from the date of disbursement.
- Interest Rate: 9% per annum
- Repayment: Bullet payment of principal and interest on the maturity date.
Shareholding and Scheme of Arrangement
HEG holds 40.42% of the share capital in Bhilwara Energy Limited, which is currently in the process of amalgamating with HEG Limited, after the demerger of its Graphite Business undertaking. This amalgamation is part of an ongoing composite scheme of arrangement, as approved by the Boards of both HEG and BEL on March 10, 2025, and is subject to relevant provisions of the Companies Act.
Source: BSE
