Tata Secures $990 Million Loan for UK’s Largest Battery Plant
ECONOMY & POLICY

Tata Secures $990 Million Loan for UK’s Largest Battery Plant

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, makin...

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, making it one of the top three foreign currency loans for an Indian company in 2025.The loan will fund the construction of a battery cell factory in the UK, which is expected to meet nearly half of the automotive sector's projected battery capacity needs by the early 2030s. The loan deal is priced based on the Sterling Overnight Index Average (SONIA), with disbursements still ongoing.This move comes amid a 23 per cent rise in foreign currency loans by Indian borrowers, totalling $6.6 billion year-to-date, reflecting growing global demand for manufacturing infrastructure. Agratas, with factories in India and the UK, is poised to play a key role in the UK's energy storage and electric vehicle market.

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Real Estate

Capacit’e Infraprojects Wins Rs 6.21 billion order from Saifee Burhani Upliftment Trust

Capacit’e Infraprojects has secured a Letter of Intent (LOI) worth Rs 6.21 billion (excluding GST) from Saifee Burhani Upliftment Trust (SBUT) for the execution of core and shell works, finishing, MEPF services, and other associated components of the redevelopment project—Sector 07 of the Saifee Burhani Upliftment Project—located at Ward ‘C’, Bhendi Bazaar, Mumbai. This is the third repeat order from SBUT to Capacit’e Infraprojects, underscoring the trust and satisfaction of a long-standing client in the company’s project delivery capabilities. Commenting on the develop..

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Resources

K Raheja Corp's Volunteering Drive Brings Back-to-School Cheer for Underprivileged Kids

Real estate major K Raheja Corp concluded its latest community initiative under the ‘Time Off for Volunteering’ programme, titled Paint a Pair, Show You Care. Held in association with NGO ConnectFor, the campaign was part of a larger 'Back to School' drive aimed at supporting underprivileged students from the Jhanvi Charitable Trust. More than 45 employees from across group companies—Mindspace Business Parks, Chalet Hotels Ltd., K Raheja Corp Homes, and Inorbit Malls—came together to hand-paint over 60 pairs of canvas shoes for children preparing to return to school. Volunteers al..

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Infrastructure Urban

CCI Worldwide Logistics Launches ‘Trans Africa’ Freight Service

CCI Worldwide Logistics, the international freight forwarding arm of the CCI Group, has launched ‘Trans Africa’—a technology-led logistics platform aimed at streamlining cross-border trade across Africa. The company is investing Rs 1.06 billion in the initiative, targeting an annual freight volume of 5,000 TEUs by air and sea, with an estimated 15 per cent return on investment. The service is being rolled out in key markets such as Nigeria, Kenya, South Africa, Ghana, and Egypt, with planned expansion into Francophone West Africa, Central Africa, and landlocked nations including Uga..

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