India Cements Eyes Up to Rs 7.50 Bn via Bonds

29 Mar 2024 CW Team

India Cements Limited is considering raising up to Rs 7.50 billion through the issuance of bonds. This strategic move reflects the company's efforts to enhance its financial flexibility and strengthen its capital base amidst evolving market conditions.

The potential bond issuance underscores India Cements' proactive approach to capital raising, aiming to support its business expansion plans and fund capital expenditure projects. By tapping into the bond market, the company seeks to diversify its funding sources and optimise its capital structure.

The funds raised through the proposed bond issuance are expected to be utilised for various purposes, including debt repayment, working capital requirements, and strategic investments. This initiative aligns with India Cements' long-term growth strategy and underscores its commitment to creating value for shareholders.

Furthermore, the bond issuance presents an attractive investment opportunity for investors seeking fixed-income securities with potentially attractive returns. India Cements' strong market presence and robust financial performance position it favourably in the bond market, attracting investor interest.

Overall, India Cements' plans to raise funds via bonds underscore its proactive stance in managing its financial affairs and pursuing growth opportunities. As the company proceeds with its bond issuance, it is poised to strengthen its financial position and capitalise on emerging market opportunities in the cement sector.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..