Union Bank to Auction Rs.Rs.2,316 Crore NPAs on August 23

Infra.Market Becomes India’s Second-Largest Tile Maker

Infra.Market has emerged as India’s second-largest player in the ceramic tiles sector by installed capacity, with a total manufacturing capability of 81.57 million square metres. The company, a prominent name in the building materials space, operates 19 manufacturing plants and has seen a five-fold growth over the past three to four years. Backed by an investment of around Rs 1,400 crore, Infra.Market’s expansion has been powered by its multi-brand strategy and category diversification, enhancing its reach in both domestic and export markets.Currently, exports account for 25 to 30 per cent..

FY25 Thermal Power Capacity Addition Misses Target

India added just 4.53 gigawatts (GW) of thermal power capacity in FY25, significantly below the 15.4 GW target, according to the Central Electricity Authority’s latest report. Of the planned 22 thermal units, only six were commissioned last fiscal year—two in the central sector and four in state sectors.New units commissioned include Ghatampur TPP, Khurja SCTPP, Jawaharpur STPP, Bhusawal TPS, Panki TPS Extension, and Yadadri TPS, ranging from 660 MW to 800 MW. The commissioning of the remaining 16 units has been deferred to FY26.Delays are attributed to equipment supply issues, land acquis..

Avaada in Talks with Global Lenders to Raise $1 Bn Project Debt

Avaada Group is in discussions with global lenders including Standard Chartered Bank, Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas, and Societe Generale to raise over $ one billion (Rs 85.00 billion) in project finance debt to support its renewable energy expansion.The company currently has 3,000 MWp of solar and wind projects under construction and aims to reach 30 GWp capacity by 2030. It plans investments of Rs 35,000 to 400.00 billion in solar, wind, pumped storage projects (PSP), and green hydrogen and ammonia production.Chairman Vineet Mittal noted the firm’s active engageme..