Keltech Energies Ltd has entered into a significant loan agreement with Dolphin Investment Limited, a key promoter group entity, for a facility size of up to ₹150 million (₹15 crore). This strategic move is designed to bolster Keltech Energies’ financial flexibility and support its ongoing business operations and growth initiatives.
Key Highlights:
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Loan Size and Structure: The agreement allows Keltech Energies to access up to ₹150 million in funding from Dolphin Investment, providing a timely infusion of capital for working capital needs or potential expansion projects.
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Promoter Confidence: Dolphin Investment, holding a 9.36% stake in Keltech Energies, continues to demonstrate strong backing for the company’s growth trajectory through this internal funding arrangement.
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Financial Health: Keltech Energies maintains a robust financial profile, with a [ICRA]BBB+ (Stable) credit rating reaffirmed in January 2025, healthy profit margins, and consistent revenue growth across its explosives and perlite business segments.
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Strategic Impact: The promoter-backed loan is expected to offer more flexible and potentially favorable terms compared to external borrowings, reflecting the promoter group’s confidence in the company’s future prospects.
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Operational Momentum: This capital support comes as Keltech Energies continues to expand its footprint in the industrial explosives and cryogenic insulation sectors, serving marquee clients in mining and infrastructure.
The agreement underscores Keltech Energies’ proactive approach to financial management and its commitment to leveraging promoter support for sustained business momentum.
Source: ICRA, Value Research, Company Filings