Welspun One Logistics Parks (WOLP), the logistics fund and development management platform of the Welspun Group, has achieved the initial closure of its second alternative investment fund after raising approximately one-fourth of the corpus. The […]
In a recent development, the technical survey work on the upcoming Gurdaspur- Jammu Natural Gas Pipeline Project has been completed. The project involves laying, building, operating or expanding a 175 km long natural gas pipeline […]
Sterlite Technologies Limited has received approval from its board to raise funds up to Rs 10 billion. As per a regulatory filing, the board has approved fundraising through the issuance of equity shares, financial instruments […]
Vodafone Idea Limited (Vi) is reportedly proposing a significant equity infusion of Rs 140 billion as part of its business revival plan. The plan includes contributions from the company’s existing promoters, the Aditya Birla Group […]
Cosco Shipping Lines (India) Private Limited has recently appointed BSV Shipping Agencies Private Limited as its sub-agent in Hyderabad. The services of BSV Shipping will be used to create a sizable market in the city. […]
The Vizag Multipurpose Terminal Private Limited, a joint venture of Indian Potash Limited and JM Baxi Ports and Logistics Limited has achieved financial closure for the eastern quay (EQ)-7 berth mechanisation project at the Visakhapatnam […]
Genus Power & Infrastructures Limited, a smart meter manufacturer, is in discussions with a group of investors, including sovereign funds and development finance institutions, for an equity funding round. The company is currently in discussions […]
Western Carriers (India) Limited, a Kolkata-based logistics company, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an IPO of up to Rs 5 billion. The IPO will […]
The Indian government has appointed IDBI Capital, BOB Capital and SBI Capital to oversee the Indian Renewable Energy Development Agency’s initial public offering (IPO). IDBI Capital is the principal banker of the transaction while Saraf […]
Adani Enterprises and Adani Transmission will raise Rs 210 billion via qualified institutional placement (QIP). While Adani Enterprises will raise Rs 125 billion, Adani Transmission will raise Rs 85 billion. The capital-raising effort would involve […]
GIC, Singapore’s sovereign wealth fund, is currently evaluating an investment worth Rs 1.5 trillion in IRB Infrastructure Trust, an InvIT sponsored by IRB Infrastructure Developers. The proposed investment will be used to fund the acquisition […]
The board of directors of the India Grid Trust (IndiGrid), along with its investment manager and project manager, has approved the acquisition of 100 per cent units of the Virescent Renewable Energy Trust (VRET) at […]
Torrent Power Limited has raised Rs 6 billion through the issuance of non-convertible debentures (NCDs) on private placement basis. The company has issued and allotted Series 11–60,000 secured, rated, listed, taxable, non-cumulative, redeemable NCDs at […]
Vizag Multipurpose Terminal Private Limited, a joint venture between Indian Potash Limited and JM Baxi Ports and Logistics Limited, has achieved financial closure for the eastern quay-7 berth mechanisation project at Visakhapatnam port. The company […]
Reliance Industries Limited is in talks with lenders for a foreign currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecom business. Additionally, it plans to use India’s dedicated external […]
The International Finance Corporation (IFC) could provide as much as $500 million (around Rs 41 billion) to companies engaged in the roll-out of smart meters in India. According to IFC, the Smart Meter National Programme […]
As per the latest affidavit filed before the National Company Law Appellate Tribunal, as of March 2023, IL&FS has successfully repaid a total debt of Rs 288.48 billion. The firm has resolved debts via monetisation […]
The National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so far, […]
The Telangana government has allocated funds worth Rs 2.76 billion for the development of an underground sewerage system in Mahbubnagar. The project includes the construction of three sewage treatment plants at Pedda Cheruvu and trunk […]
The Maharashtra Government has approved funds worth Rs 2,000 million for land acquisition for the Katraj-Kondhwa Road Project. The project involves the construction of a 3.5 km long and 84 metre wide road from Katraj […]
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