Key Metrics of Energetic Construction Private Limited
About Energetic Construction Private Limited
Sectors
Company details
Operational Areas of Energetic Construction Private Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 25 Aug 2026 | ICRA | Reaffirmed | BBB- | — | Stable | ₹714 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Established track record of TCGUIH in commercial real estate sector
TCG was founded by Dr. Purnendu Chatterjee in 1989 and has diversified interests, mainly in petrochemicals (Haldia Petrochemicals Limited; rated [ICRA]A+ (Stable)/[ICRA]A1), life sciences and healthcare (TCG Lifesciences Pvt.
+ Favourable project location
The asset is located at NH8, Sohna Road, Gurgaon.
+ Low funding risk
The project cost is being funded in a debt to equity mix of 59:41.
Credit challenges
− Exposure to project execution and market risks
ECPL is exposed to execution risk with around 45% of the total project cost having been incurred as of March 2026.
− Exposure to refinancing risk
The company faces the refinancing risk for the CF facility, which is to be repaid in four quarterly instalments commencing from March 2029, with the last instalment being 99% of the total sanctioned facility in December 2029.
Could lead to an upgrade
ECPL’s ratings might be upgraded if there is a healthy leasing ramp-up at adequate rental rates mitigating the refinancing risk and resulting in healthy debt protection metrics.
Could lead to a downgrade
Downward pressure on the ratings could emerge if a significant delay in construction progress, cost overruns or its inability to ramp-up leasing at adequate rental rates impact the company’s ability to timely refinance the CF loan. Material deterioration in the credit profile of the guarantor (TCGUIH) or weakening of business linkages or strategic importance of the company for the parent could also put pressure on the ratings.
Energetic Construction Private Limited (ECPL), 94.43% (effective shareholding) held by TCGUIH (directly and through subsidiaries), was incorporated in 1996 to set up a commercial colony in Islampur village, Gurgaon. ECPL, along with its four wholly-owned subsidiaries viz., Attractive Construction Pvt Ltd, Deep-mala Builders Pvt Ltd, Glorious Constract Invest Pvt Ltd and Neelkamal Build Invest Pvt Ltd, owns about 7.95 acre of land in Gurgaon, which is being used in the development of mixed- use project comprising commercial office and high street retail space branded as World Trade Centre, with a total leasable area of 1 msf. The project has a scheduled DCCO of January 01, 2028.
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – fund-based – term loans Short-term – interchangeable – capex letter of credit (LC) Long-term – interchangeable – bank guarantee (BG) | Non-fund based limits | ₹714 Cr | ₹714 Cr | 0.0% | BBB- (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term loans FY | Term loans | — | — | 31 Mar 2030 | ₹714 Cr | BBB- | Outstanding |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · Standalone accounts
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 51% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 50% chance the next rating action is stable or better
- Current rating BBB- (investment grade)
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Energetic Construction Private Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
 NCC Limited |
Discovered Companies · Other Industries | ncc.se | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.