Omaxe Secures Rs 5 Billion From Oaktree For Expansion

01 Aug 2025 CW Team

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.

In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indore.

According to Omaxe, the investment will strengthen its financial core, expedite project delivery timelines across residential, commercial, and public-private partnership (PPP) ventures, and reduce its reliance on market-linked funding.

“This partnership with Oaktree marks an important milestone in Omaxe’s growth journey,” said Mohit Goel, Managing Director of Omaxe Ltd. “The confidence shown by a global investor like Oaktree is a reflection of our delivery record and long-term vision.”

Atul Banshal, Director - Finance, noted that the company has repaid net principal debt of Rs 12.85 billion over the last two financial years, reducing net debt to Rs 3 billion. He added that most of the newly raised funds will be used for faster execution and to explore new opportunities in select markets. Omaxe recorded sales of over Rs 30 billion in FY25.

Separately, the company announced earlier on 28 July that its subsidiary, Omaxe New Chandigarh Developers Pvt Ltd, has raised Rs 4.31 billion through a private placement of 43,100 non-convertible debentures (NCDs), each valued at Rs 1 lakh. This capital will also support business expansion efforts.

The combined funding initiatives underline Omaxe’s continued efforts to strengthen its balance sheet and drive growth in India's evolving real estate landscape.

Infrastructure Urban

15 Sep 2025

Adani Road to Acquire D P Jain TOT Toll Roads for Rs 13.42B

Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises, has executed a Share Purchase Agreement (SPA) on 11 September 2025 to acquire a 100 per cent stake in D P Jain TOT Toll Roads Private Limited (DPJTOT). The acquisition, valued at an enterprise value not exceeding Rs 13.42 billion, is subject to regulatory approvals and customary conditions.Under the agreement, ARTL will acquire the stake from D P Jain TOT Toll Roads Pvt. Ltd (DPJTOT), D P Jain & Co Infrastructure Pvt. Ltd., and DPJ-DRA Tollways Pvt. Ltd.The transaction details have been disclosed pursuant ..

All-Women Team Commissions 100-Tonne Dump Truck at Tata Steel

In a record-setting development in India’s mining and construction equipment sector, an all-women team from Larsen & Toubro’s Construction & Mining Machinery business (L&T CMB) has commissioned a 100-tonne dump truck at Tata Steel’s Noamundi iron ore mine in Jharkhand.This marks the first instance in India where a machine of such scale and complexity has been assembled, tested and commissioned entirely by women technicians. The milestone reflects L&T’s commitment to fostering gender inclusivity and empowering women in traditionally male-dominated industries.The Komatsu ..

Kochi Metro Pauses Work for Rs 50 Million Pipeline Shift

Kochi Metro Rail Limited (KMRL) will pause its piling works in the Padamugal and Vazhakkala regions for ten days to allow the Kerala Water Authority (KWA) to complete its pipeline relocation work.The decision follows frequent pipe bursts in the area and disruptions to water supply in Thrikkakara municipality.During this period, the KWA will carry out pipeline relocation from Kunnumpuram to Kumaranasan Road. KMRL will resume piling work only after the pipeline has been relocated and tested.The decision was made during a meeting between KMRL and KWA to address the recurring pipe burst issues in ..