SpiceJet seeks $ 250 mn raise in 2 months: CMD Ajay Singh

07 Jun 2024 CW Team

During a session of the CAPA India Aviation Summit 2024, Ajay Singh, the Chairman and Managing Director of SpiceJet, announced that the company aims to raise $250 million within the next two months and gradually increase its fleet size to 100 aircraft.

Singh stated that they had raised some funds two or three months prior and mentioned that another round of fundraising will occur over the next couple of months, with approximately $150 million already secured.

He explained that the airline's finances have been significantly impacted in recent years due to the effects of the pandemic and the grounding of its Boeing 737 MAX fleet for two and a half years.

Singh expressed their commitment to increasing capacity and utilising it as necessary as part of the airline's revival process. Currently, SpiceJet operates with an active fleet of about 30 aircraft.

Regarding the cargo business, Singh emphasized that the focus will remain on its expansion. He mentioned the creation of a separate company for cargo operations and plans to fund and expand it independently, as part of the ongoing restructuring efforts.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..