IFC to assist Tabreed in expanding its operations in India

18 Jan 2022 CW Team

The UAE's National Central Cooling Co, commonly known as Tabreed, has formed a joint venture with the World Bank Group's International Finance Corp to extend operations in India through a holding company.

Tabreed India's ownership will be moved to a Singapore-based holding company, with Tabreed retaining a 75% stake and IFC holding the remaining 25%.

Tabreed constructs, owns, and runs cooling infrastructure for real estate developers and other end customers, including data centres, cold chains, and urban skyscrapers.

The two partners will invest an initial $100 million in the new holding company, with a mandate to invest up to $400 million in projects over the following five years, aiming for a portfolio of 100,000 refrigeration tonnes serving industrial, commercial, and retail complexes.

The Burj Khalifa, the Sheikh Zayed Grand Mosque, and the Louvre Abu Dhabi are just a few of the renowned projects Tabreed has worked on.

Perla said the cooperation will help the firm expand its operations in India, allowing it to provide more energy-efficient, end-to-end cooling solutions for real estate expansions, new urban master plans, and redevelopments through outsourced utility models.

IFC and Tabreed have agreed on an investment eligibility criterion that, in addition to traditional financial standards, incorporates a strong environmental, social, and governance framework when establishing district energy projects, according to the business. With capital-intensive infrastructure requirements, project finance will be used to generate debt for particular projects.

The government is increasingly seeing district cooling as a requirement for urban master plans and smart city projects.

Image Source

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..