TDI Clears Rs20 Billion Debt, Now Eyes Kundli Relaunch

28 Jul 2025 CW Team

Delhi-based real estate developer TDI Infrastructure Ltd has announced that it is now completely debt-free, having repaid Rs20 billion in outstanding obligations without any restructuring, settlement, or waiver, according to a statement issued on 24 July.

The company confirmed that all External Development Charges (EDC) have also been cleared, further reinforcing its financial position. TDI attributed this achievement to a combination of internal accruals and land monetisation, which enabled it to deleverage its balance sheet.

“Becoming debt-free has been a critical milestone in our transformation journey. It reflects our long-term discipline and commitment to delivering on-ground performance while maintaining financial integrity,” said Akshay Taneja, TDI Infrastructure’s representative. He added that the company is now entering a new chapter focused on growth, operational efficiency, and scale.

TDI is now preparing to relaunch TDI City in Kundli, near Sonipat, located along the Delhi–Chandigarh NH-1. Spanning over 1,200 acres, the integrated township is among the largest in the region. Kundli’s growing prominence is driven by its connectivity to Indira Gandhi International Airport, Dwarka, Gurugram, and key routes like the UER-II and Kundli–Manesar–Palwal Expressway.

Additionally, the company plans to enter the Ludhiana market with a new township project, expanding its presence across Punjab and Haryana.

TDI has already delivered projects covering over 2,500 acres in key locations such as Kundli, Mohali, Panipat, Rajpura, Faridabad, Agra, and Moradabad. With a clean balance sheet, the firm will now prioritise project delivery, customer experience, and monetisation of commercial assets across its portfolio.

Infrastructure Urban

10 Sep 2025

Vedanta invests Rs 12,500 cr to boost EV-focused metal output

Vedanta Ltd has announced an investment of over Rs 12,500 crore to ramp up metal manufacturing, focusing on the needs of India’s growing electric vehicle (EV) sector.The company’s portfolio includes aluminium, zinc, value-added alloys, copper, steel, nickel and ferrochrome. The new investments cover aluminium smelter expansion, increased production of aluminium value-added products, a zinc alloy plant, a roaster facility for zinc production, and ferrochrome capacity augmentation.Vedanta’s aluminium products, including primary foundry alloys, billets for battery casings, HVAC systems, and..

India, Israel sign Rs 16k cr bilateral investment treaty

India and Israel have signed a Bilateral Investment Treaty (BIT) in New Delhi to enhance economic and financial cooperation, the Finance Ministry announced recently. The agreement was signed by Finance Minister Nirmala Sitharaman and Israel’s Finance Minister Bezalel Smotrich.Israel is the first OECD member country to sign such a treaty with India under its new investment framework. The pact will facilitate reciprocal investments, ensure transparency, protect investors from risks such as expropriation, and provide an independent arbitration mechanism for dispute resolution.The agreement is e..

LTIMindtree renews digital transformation pact with OKQ8

LTIMindtree has renewed its strategic partnership with OKQ8, one of the largest fuel companies in the Nordic region. The collaboration underscores the IT services firm’s role as a trusted partner in driving digital transformation.The extended engagement will focus on modernising OKQ8’s technology landscape across cloud and infrastructure management, application development and maintenance, and enterprise platforms such as CRM and ERP powered by Microsoft Dynamics. LTIMindtree will also integrate AI-driven processes to improve efficiency, customer experience and sustainability outcomes.Clas..