+
BIAL Raises Rs 90 Billion in Landmark Airport Sector NCD Deal
AVIATION & AIRPORTS

BIAL Raises Rs 90 Billion in Landmark Airport Sector NCD Deal

Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport (KIA), has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector, raising a total of Rs 90 billion.
The fundraising is structured in two tranches: the first tranche of Rs 43.62 billion was completed on 25 July 2025, and the second tranche of Rs 46.38 billion is expected to be finalised by early October 2025. SBICAPs acted as the sole arranger for the issuance.
Bhaskar Rao, Chief Financial Officer of BIAL, described the transaction as a major milestone for the airport operator. “This landmark issuance reflects strong investor confidence in our long-term vision and significantly strengthens our financial position ahead of our next phase of expansion,” Rao said.
He added that the refinancing would optimise BIAL’s capital structure. The long-tenure structure and improved credit rating are expected to deliver greater value to stakeholders, including passengers and airline partners, through improved affordability and expanded infrastructure.
The funds raised will support BIAL’s ongoing development and strategic growth initiatives, reinforcing Kempegowda Airport’s position as a key aviation hub in southern India. 

Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport (KIA), has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector, raising a total of Rs 90 billion.The fundraising is structured in two tranches: the first tranche of Rs 43.62 billion was completed on 25 July 2025, and the second tranche of Rs 46.38 billion is expected to be finalised by early October 2025. SBICAPs acted as the sole arranger for the issuance.Bhaskar Rao, Chief Financial Officer of BIAL, described the transaction as a major milestone for the airport operator. “This landmark issuance reflects strong investor confidence in our long-term vision and significantly strengthens our financial position ahead of our next phase of expansion,” Rao said.He added that the refinancing would optimise BIAL’s capital structure. The long-tenure structure and improved credit rating are expected to deliver greater value to stakeholders, including passengers and airline partners, through improved affordability and expanded infrastructure.The funds raised will support BIAL’s ongoing development and strategic growth initiatives, reinforcing Kempegowda Airport’s position as a key aviation hub in southern India. 

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?