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 Urban

07 May 2026

Vedanta Reports Record Profit in FY26

Vedanta reported its best-ever financial performance in FY26, with profit after tax of Rs 250.96 billion and revenue of Rs 1.74 trillion, supported by operational excellence across businesses. The company delivered nearly 50 per cent total shareholder return and declared a dividend of Rs 34 per share.Vedanta said its net debt-to-EBITDA improved to 0.95x, strengthening financial flexibility. Its demerger, effective 1 May 2026, is aimed at unlocking value by creating focused businesses across aluminium, oil and gas, power, iron and steel, zinc, copper, nickel and ferro alloys.Vedanta Aluminium p..

KEC Wins Orders Worth Rs 10.02 Billion

KEC International, an RPG Group company and global infrastructure EPC major, has secured new orders worth Rs 10.02 billion across its key businesses.In Transmission and Distribution, the company has won orders for projects in India and the Americas. These include ±500 kV HVDC transmission lines from a private developer in Western India, 132 kV cabling works from a steel producer in Eastern India, and the supply of towers, hardware and poles in the Americas.The renewables business has secured an order for a 100+ MW wind project in Southern India from a private developer. In transportation, KEC..

Hindustan Zinc Opens Cath Lab in Udaipur

Hindustan Zinc recently inaugurated a state-of-the-art Cardiac Catheterisation Laboratory at Rabindranath Tagore Hospital, Udaipur. The facility was inaugurated by Gulab Chand Kataria, Governor of Punjab and Administrator of Chandigarh, in the presence of local MLAs, RNT Hospital leadership and senior Hindustan Zinc officials.The Cath Lab follows an MoU signed earlier between Hindustan Zinc and RNT Hospital for the redevelopment and upgradation of the hospital into a future-ready, multi-speciality healthcare facility. Equipped with advanced cardiac technology, it will support minimally invasiv..