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.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..