SpiceJet to Use QIP Proceeds for Financial Stabilization

19 Sep 2024 CW Team

Qualitative Investment Plan (QIP):

SpiceJet is set to utilize proceeds from its recent Qualified Institutional Placement (QIP) to address its financial challenges. The QIP aims to raise substantial capital to bolster the airline’s financial health and stability. Financial Health:

The funds from the QIP will be directed towards debt reduction, enhancing liquidity, and operational restructuring. The airline faces ongoing financial difficulties, and this move is crucial for its long-term viability. Utilization of Funds:

Debt Repayment: A significant portion of the funds will be used to pay off existing debts, reducing financial strain and improving the airline’s credit profile. Operational Costs: Funds will also be allocated to cover operational expenses, including fuel costs, maintenance, and crew salaries. Fleet Upgrades: Investment in fleet maintenance and potential upgrades to ensure operational efficiency and safety standards. Strategic Goals:

The primary objective is to stabilize the airline’s financial condition and return to profitability. The QIP proceeds will help SpiceJet manage cash flow issues and support its strategic growth plans. Market Impact:

The QIP is expected to enhance investor confidence and provide a positive outlook on SpiceJet’s financial recovery. The airline's stock performance and overall market presence are anticipated to improve as a result of this financial restructuring. Conclusion: SpiceJet’s strategic use of QIP funds is a pivotal step towards stabilizing its financial situation. By addressing debt and operational challenges, the airline aims to strengthen its position in the aviation market and ensure long-term sustainability.

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..