HDFC Capital Advisors Acquires 8.5% Stake in Truboard Technologies

05 Jul 2024 CW Team

HDFC Capital Advisors, a leading financial services firm, has successfully completed the acquisition of an 8.5% equity stake in Truboard Technologies. This investment signals HDFC's strategic entry into the sustainable materials industry, leveraging Truboard's expertise in eco-friendly building materials.

Truboard Technologies specialises in manufacturing sustainable alternatives to traditional construction materials, focusing on products that are environmentally friendly and contribute to green building practices. The company's innovative solutions have gained traction in the market due to their durability and reduced environmental footprint.

The investment by HDFC Capital Advisors underscores their commitment to supporting sustainable initiatives and technologies. It also reflects their confidence in Truboard Technologies' growth prospects and its potential to disrupt the construction materials sector with its eco-conscious products.

According to industry analysts, HDFC's investment is expected to strengthen Truboard's market position and accelerate its expansion plans. The funds from this strategic partnership will likely be utilised to enhance production capabilities, scale operations, and further innovate in sustainable material development.

Truboard Technologies, with HDFC Capital Advisors' backing, aims to capitalise on increasing demand for sustainable construction solutions globally. The partnership is poised to drive advancements in eco-friendly building materials while delivering value to stakeholders through sustainable growth and innovation.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..