Aequs Infra to Invest Rs 20 Billion in South India Expansion
Aequs Infra, a major developer of large-format industrial clusters, has unveiled plans to develop 12 million sq. ft. of warehousing and manufacturing infrastructure across Tier-1 and Tier-2 cities in South India, with an estimated investment of over Rs 20 billion.The project, with an average construction cost of Rs 2,000 per sq. ft., will include 50–100 acre parks primarily focused on manufacturing-led growth. Of the total, around 3–4 million sq. ft. will be developed in Tier-2 cities through built-to-suit models, with the remainder targeting Tier-1 hubs, said Shyam Kalyanasundaram, the ne..
Western Railway Mumbai Logs Rs 1 Billion in Digital Payments
In a significant boost to the Digital India initiative, the Mumbai Division of Western Railway has recorded over Rs 1 billion in digital payments across 97 stations over the past year, highlighting its leading role in modernising Indian Railways’ ticketing systems.Transitioning from cash-based transactions, the division’s swift digital adoption is credited to the rollout of QR code-based payments and the Unreserved Ticketing System (UTS). These platforms enabled seamless, contactless ticketing and played a key role in the shift, according to Chief Commercial Manager Ganesh Jadhav.To promot..
Reliance Power Plans Rs 90 Billion Fundraising Drive
Reliance Power, led by Anil Ambani, has announced a major Rs 90 billion capital-raising initiative as part of a broader financial restructuring plan, following a strong rebound in its earnings. The board has approved raising Rs 60 billion through equity shares and another Rs 30 billion via non-convertible debentures (NCDs).The equity capital will be mobilised through either a Qualified Institutions Placement (QIP), a follow-on public offering (FPO), or a mix of both, pending shareholder approval. The NCDs, whether secured or unsecured, will be issued in one or more tranches through private pla..
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