Mytrah Energy Limited

Revenue up 16% YoY to Rs 2,596 cr; finance cost rises by 7% due to additional borrowings for ongoing capex

In a Q&A, Ravi Kailas, chairman, Mytrah Energy Ltd, some of the factors that had contributed to the recent slowdown will disappear once the ongoing regulatory interventions come into play

Piramal Capital-backed firm targets up to one Gw capacity addition every year

BS ReporterHyderabad, 18 November: Hyderabad-based renewal power producer Mytrah Energy has raised Rs 1,800 crore from Piramal Group's financial services companies. The funds are being invested in the form of non-convertible debentures(NCDs) with a 7-year tenor into two Mytrah group entities, Mytrah Energy(India) Private Limited(Rs 980 crore) Mytrah Ujwal Power Private Limited(Rs 820 crore), the company said.The funds are being used to take out existing investors including IDFC Alternatives, AION Director Singapore Pte., Merrill Lynch International, Apollo Asia Private Credit Master Fund Pte. Limited, and Goldman Sachs Investment Holdings(Asia) Limited with a part of the funding facility also used as growth capital to the company.Mytrah Group CEO and managing director Vikram Kailas said," This transaction is a tremendous vote of confidence from marquee investor. It marks another milestone in Mytrah's journey and provides additional impetus for the firm's next phase of growth." Mytrah .

Increasing the total operating wind portfolio to 826.4 Mw