KBC Global plans to raise Rs 1 billion through issue of equity shares

16 Oct 2024 CW Team

Construction and infrastructure company KBC Global Ltd on Tuesday said it plans to raise up to Rs 1 billion through an issue of equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 1 billion through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement.

"The proceeds of the equity issue will be utilized for the repayment of debt," the company said. As of March 31, 2024, total loan outstanding was Rs 758.6 million on its its books. KBC Global on September 21, 2024 fulfilled its payment obligation to Capri Global Capital Ltd and fully regularized the default on September 19, 2024.

As of today, the outstanding balance with Capri Global Capital Ltd stands at Rs 1350 million, it said. A step-down arm of KBC Global recently signed an MoU with Liberia Special Economic Zone Authority for the construction and development of residential building complexes, low-cost housing and Commercial space in SEZ with an estimated cost of $ 12.5 million.

The company has commenced a new project at Deolali in Nashik (Maharashtra) with six commercial and 22 residential units.

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..