Modi Launches Rs 29,700 Mn Development Push In Daman
Rajasthan Sees Rs 150 bn Investment Momentum
Rajasthan has recorded Rs 150 billion (bn) in realised investments in its mining and petroleum sectors, with projects worth Rs 330 bn under execution, according to the state administration. The report indicated that the surge is driven by major industrial and infrastructure schemes that have reached advanced stages. Officials noted that prominent projects have already moved to operations or are approaching completion, reinforcing the state as an attractive destination for large-scale investment. Among the headline projects, UltraTech Cement has commissioned a plant valued at Rs 22.3 bn while H..
Vedanta Readies 5.2 Billion Refinancing After Upgrades
Vedanta is preparing a refinancing package totalling 5.2 billion dollars (bn) after recent credit rating upgrades, and has engaged financial advisers and banks to structure the transaction. The move follows upgrades that have improved access to capital markets and narrowed funding costs, enabling the group to pursue longer-dated financing. The company is targeting the refinancing to replace near-term maturities and to harmonise the debt profile across its diversified mining and metals businesses. The refinancing exercise is structured to include a mix of term loans, bonds and bilateral facilit..
DDEL Secures Rs 3,870 Million BPCL Contract
DDEL has secured a contract from Bharat Petroleum Corporation Limited (BPCL) valued at Rs 387 crore, the company said. The amount converts to Rs 3,870 million (mn) and will be reflected in the firm order book. The award from BPCL represents a material addition to outstanding work and was disclosed in a regulatory filing by the company. The announcement did not disclose detailed terms or project timelines. With the BPCL order included the company's order book now tops Rs 2,400 crore, the statement said. That total converts to Rs 24 billion (bn) and represents contracts awaiting execution across..

