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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..