TVS Infrastructure Trust Raises Rs 8.3 Billion via NCDs

22 Jan 2026 CW Team

TVS Infrastructure Trust, an Infrastructure Investment Trust sponsored by TVS Industrial & Logistics Parks, on Monday said it has raised Rs 8.3 billion under tranche one of its Rs 11 billion non-convertible debenture programme.

In a statement, the trust said the funds were raised through a 20-year long-tenor bond issuance, anchored by the National Bank for Financing Infrastructure and Development. The issuance extends up to 2046 and is among the first long-tenor bond offerings in India’s industrial infrastructure segment.

Ravi Swaminathan, Founder and Vice Chairman of TVS Industrial & Logistics Parks, said the transaction marks a milestone for the sector, enabling patient capital for the development of high-quality industrial infrastructure.

Samuel Joseph Jebaraj, Deputy Managing Director – Lending and Project Finance at NaBFID, said the investment aligns with the bank’s mandate to support institutionally governed infrastructure platforms that contribute to India’s sustainable economic development.

The bonds have been assigned an AAA rating by ICRA. TVS Industrial & Logistics Parks is backed by a diversified shareholder base of more than 150 investors, including global and domestic institutions, family offices and the International Finance Corporation.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..