SpiceJet Raises Rs.3,000 Crore Via QIP

25 Sep 2024 CW Team

SpiceJet announced raising Rs 3,000 crore through a Qualified Institutional Placement (QIP) that closed on September 18. The QIP attracted overwhelming interest from prominent institutional investors, reflecting strong confidence in the airline's growth potential. Key investors included Goldman Sachs Singapore, Morgan Stanley Asia, BNP Paribas, Nomura Singapore, and Tata Mutual Fund.

In addition to the QIP, the airline will receive Rs.736 crore from a prior funding round, further enhancing its financial position. The funds will be utilized to operationalise grounded aircraft, acquire new planes, invest in technology, and expand into new markets.

Ajay Singh, Chairman and MD of SpiceJet, stated that the strong investor response underscores faith in SpiceJet's ability to grow rapidly in India's aviation sector. The new capital infusion will help strengthen operations, enhance the fleet, and expand the airline's network to meet increasing passenger demand.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..