IndusInd Bank Plans Rs.300 Bn Fundraise for Expansion

22 Jul 2024 CW Team

IndusInd Bank has announced a major fundraise plan of ?300 billion to bolster its financial position and support its expansion strategy. This significant capital infusion is aimed at enhancing the bank's balance sheet, boosting its lending capacity, and funding various growth initiatives.

The fundraise will be achieved through a combination of equity offerings and debt instruments. The bank intends to utilise the proceeds to improve its capital adequacy ratios, which will provide it with greater flexibility to pursue growth opportunities and mitigate any potential economic uncertainties.

The bank?s decision to raise such a substantial amount highlights its commitment to maintaining a robust financial foundation while pursuing aggressive growth plans. The additional capital will enable IndusInd Bank to expand its portfolio, enhance its digital banking capabilities, and invest in technology upgrades.

This move also reflects the bank?s confidence in the Indian economy and its growth prospects. With the financial sector expected to play a pivotal role in India?s economic expansion, IndusInd Bank?s strategic fundraise positions it well to capitalise on emerging opportunities and strengthen its market presence.

Overall, the ?300 billion fundraise represents a significant step towards reinforcing IndusInd Bank?s financial stability and supporting its long-term growth objectives in a competitive banking landscape.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..