Coal India Pledges Rs 10 Bn to Talcher Fertilisers JV

01 Jul 2025 CW Team

Coal India Ltd (CIL) will invest Rs 1,067 crore in Talcher Fertilizers Ltd by subscribing to shares via a rights issue. Talcher Fertilizers, a joint venture with GAIL (India), RCF, and FCIL, is reviving an old FCIL facility with a coal gasification-based urea plant in Odisha.

CIL will acquire over 106 crore equity shares as part of the transaction expected to conclude by July 9. The Talcher project, India’s first of its kind, aims to produce 12.7 lakh tonnes of urea annually.

Despite delays from the COVID-19 pandemic affecting contractor Wuhuan Engineering, the project has reached 65.66% completion as of February 2025. Key components like pipe racks and water treatment plants are nearing mechanical readiness.

Partners continue reviewing progress to ensure the plant becomes operational, promising both economic and strategic value in reducing fertiliser imports.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..