Nimbus Projects Debt & Borrowing: ₹60 Cr
Nimbus Projects' board finalised terms for a Rs 60 Crore unsecured loan from associate Nimbus (India) Limited. The loan carries 12% interest for two years.
- Value
- ₹60.00 Cr
- Execution
- 2 years
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Nimbus Projects' board finalised terms for a Rs 60 Crore unsecured loan from associate Nimbus (India) Limited. The loan carries 12% interest for two years.
Nimbus Projects Ltd's Chairman Bipin Agarwal is stepping down from the Chairman role effective November 5, 2026, while remaining Managing Director. No change to his directorship, MD role or remuneration.
Q2 FY27 revenue ₹69.2mn (+58% YoY) but Adj EBITDA ₹(55.3)mn and PAT ₹(88.7)mn loss. Net debt ₹2,674mn, 0.76x D/E. Management targets ₹9,022mn PAT by FY29 via ongoing and new projects.
Nimbus Projects Ltd reported revenue from operations of ₹6.9 Cr (+56.8% YoY) and a net loss of ₹8.4 Cr for Q2 FY27.