Suzlon board approves Rs 2k cr fund raising plan

10 Jul 2023 CW Team

Suzlon Energy said its board has approved a proposal to raise up to Rs 2,000 crore. The company will explore various financial routes to raise the amount.

The board approved issuance of such number of fully paid-up equity shares and/or convertible bonds and / or non-convertible debt instruments and / or any other instruments and / or combination of instruments with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the equity shares or otherwise in one or more tranches, denominated for an aggregate consideration not exceeding Rs 2,000 crore.

The company will seek shareholders' approval through a postal ballot.

Infrastructure Urban

17 Oct 2025

CBI arrests NHIDCL official in Rs 1 Mn bribery case and seizes Rs 20.62 Mn

The Central Bureau of Investigation (CBI) has arrested Maisnam Riten Kumar Singh, Executive Director and Regional Officer of the National Highways and Infrastructure Development Corporation Limited (NHIDCL), Guwahati, for allegedly accepting a bribe of ₹10 lakh from a private individual in connection with a highway project in Assam.According to a , the arrest followed a trap laid on October 14, after the agency received source-based information regarding the alleged demand for illegal gratification. Singh was reportedly caught red-handed while accepting the money from a representative of a..

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..