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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..