India Cement Discusses Rs 5 Bn Fundraising with Bank of America, Nomura

02 Jul 2024 CW Team

India Cement Limited is currently in discussions with Bank of America and Nomura to raise Rs 500 crore through various financial instruments. The funds raised are intended to support the company's expansion plans and strengthen its financial position amidst evolving market dynamics in the cement sector.

The fundraising initiative reflects India Cement's proactive approach to capitalising on growth opportunities and enhancing operational capabilities. The company aims to utilise the funds for strategic initiatives including capacity expansion, modernization of facilities, and debt refinancing.

Bank of America and Nomura, as potential financial partners, bring extensive expertise and global reach to the table, which is expected to facilitate India Cement's fundraising efforts. The discussions are focused on structuring a financial arrangement that aligns with the company's growth objectives and market conditions.

India Cement, a key player in India's cement industry, operates multiple plants across the country and is known for its commitment to quality and sustainability. The proposed fundraising is seen as a crucial step towards fortifying its market position and leveraging emerging opportunities in the construction and infrastructure sectors.

Overall, the discussions with Bank of America and Nomura underscore India Cement's strategic intent to strengthen its financial foundation and capitalise on future growth prospects in India's dynamic cement market.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..