Sanghi Industries receives funds from Kotak Special Situations Fund

01 Dec 2022 CW Team

Kotak Special Situations Fund (KSSF), managed by KIAL, has pledged Rs 5.5 billion to Sanghi Industries Group in the form of non-convertible debentures (NCDs).

From the total, KSSF has put Rs 5 billion into Sanghi Industries' (SIL) NCDs and $50 million into a business owned by SIL's promoters that will then be infused into SIL.

KSSF will make investments out of a fund worth Rs 1 billion. With this investment, KSSF has invested more than Rs 63 billion and completed 13 agreements.

The capital infusion will improve SIL's operations, assist the company's liquidity profile, and fix its capital structure.

Also read:
Godrej Properties to unveil Rs 80 billion housing project in Delhi
SWAMIH fund okays Rs 2.07 bn for stalled Noida project

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..