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 Transport

17 Sep 2025

RVNL Wins $21.6 Million Bhopal Division Traction Substation

Rail Vikas Nigam (RVNL) has been declared the lowest bidder for a $21.6 million traction substation contract awarded by the West Central Railway.The project covers the design, modification, supply, erection, testing, and commissioning of a 220/132kV/2×25kV Scott-connected traction substation, switching posts, Auto-Transformer installations, and Supervisory Control and Data Acquisition (SCADA) systems in the Bina–RTA section of the Bhopal Division. The execution period is set at 540 days.In a regulatory filing, RVNL stated that the order was secured in the ordinary course of business and doe..

New Budgam–Delhi Parcel Train to Boost Kashmir Apple Trade

The Awami Itihaad Party (AIP) has thanked Prime Minister Narendra Modi and Union Railway Minister Ashwini Vaishnaw for launching a daily parcel train service from Budgam to Delhi, dedicated to transporting Kashmiri apples.Calling the initiative a timely relief for growers, AIP Chief Spokesperson Inam Un Nabi said the service will ease challenges for apple traders and ensure produce reaches Delhi markets promptly.He noted that the step followed a request made earlier by the office of incarcerated AIP President and MP Baramulla, Er Rashid, highlighting that genuine public concerns are being addr..

Indian Railways to Monetise Mumbai Land to Raise Rs 80 Billion

The Indian Railways, via its land development arm, the Rail Land Development Authority (RLDA), is set to raise at least Rs 80 billion by leasing key land parcels in Mumbai’s real estate market. The authority aims to monetise around 25 acres across four prime locations in the financial capital.1) Bandra West Staff Quarters (5–6 acres)The Bandra West plot, spanning five acres, currently houses railway staff quarters built in 1955. RLDA plans to relocate staff into a 25-storey high-rise and monetise the remaining land for commercial development. Details such as reserve price, lease tenure, an..