Kalpataru Projects to Raise Rs.3 Bn via NCDs for Expansion

14 Jun 2024 CW Team

Kalpataru Projects International Ltd (KPIL) has announced plans to raise ?3 billion through the issuance of non-convertible debentures (NCDs). This strategic move aims to fund the company?s expansion initiatives and strengthen its financial position amid growing market opportunities.

The decision was made during a recent board meeting, where directors approved the fundraising through NCDs on a private placement basis. NCDs are financial instruments that provide investors with fixed interest income and are considered a reliable means for companies to secure long-term capital without diluting equity.

KPIL, a leading infrastructure development company, intends to utilise the funds for various corporate purposes, including debt repayment, working capital requirements, and financing ongoing and new projects. The infusion of capital is expected to enhance the company?s operational capabilities and support its growth trajectory in the infrastructure sector.

The board?s approval of this fundraising initiative reflects KPIL?s proactive approach to leveraging financial instruments for sustaining growth and competitiveness. By raising ?3 billion, the company aims to optimise its capital structure and ensure adequate liquidity to navigate market challenges and capitalise on emerging opportunities.

Investors and stakeholders have shown positive sentiments towards the announcement, anticipating strengthened financial health and increased project execution capacity for KPIL. The company?s commitment to strategic financial management and infrastructure development underscores its vision for long-term value creation and industry leadership.

The NCD issuance is set to proceed in the coming weeks, subject to regulatory approvals and market conditions, marking a significant milestone in KPIL?s financial strategy.

Infrastructure Transport

17 Sep 2025

PM Modi Inaugurates Mizoram’s First Railway Line and Rajdhani Express

Prime Minister Narendra Modi on Saturday inaugurated Mizoram’s first-ever railway line and flagged off the state’s maiden Rajdhani Express, providing direct connectivity between Aizawl and Delhi.The Rs 80.7 billion Bairabi-Sairang railway line, one of Indian Railways’ most challenging projects, was sanctioned in 2008–09, with construction starting in 2015. Spanning 51 km, the route includes 45 tunnels, 55 major and 87 minor bridges. Notably, Bridge No. 144 near Sairang, at 114 metres, surpasses the height of the Qutub Minar, making it India’s tallest pier railway bridge, according to..

BHEL Secures Rs 228.7 Million Order for KAVACH Train Safety System

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) announced on Friday that it has secured an order worth Rs 228.7 million to supply and install KAVACH equipment, an automatic train protection system, for Indian Railways’ South Western Railway zone.According to a regulatory filing, BHEL received the Letter of Intent on 11 September 2025 for the design, development, supply, installation, trial, and commissioning of on-board KAVACH equipment in locomotives, as well as trackside KAVACH installations at stations, level crossings, intermediate block sections, and automatic block sig..

Gwalior Railway Station Redevelopment Set for Swift Completion

Union Minister Jyotiraditya Scindia visited the under-construction Gwalior Railway Station on Sunday, a key modernisation project, and instructed officials to expedite its completion.During his site visit, the Minister inspected construction materials and design elements, emphasising the use of high-quality stone flooring that reflects Gwalior’s rich culture and heritage. He stressed that quality should not be compromised.“Redevelopment of Gwalior Railway Station is not just about modernising the structure but also providing world-class facilities to passengers. The development will reflec..