Cube Highways Trust Announces Rs 2/Unit Q2 FY25 Distribution

07 Nov 2024 CW Team

Cube Highways Trust, under the management of Cube Highways Fund Advisors, recently reported its financial performance for the half-year ending September 30, 2024. The Trust’s consolidated income for this period reached Rs 16,891 million, with a consolidated EBITDA of Rs 11,643 million.

The Investment Manager’s Board of Directors has approved a Distribution Per Unit (DPU) of Rs 2.00 for the second quarter of FY 2024-25, totalling a distribution of Rs 2,668.89 million for ordinary unitholders. This distribution will be based on a record date of November 4, 2024, and is scheduled for payment on or before November 14, 2024.

Pankaj Vasani, Group CFO of Cube InvIT, expressed satisfaction with the Trust’s performance, highlighting that this is the sixth consecutive quarter of strong results and reliable returns, supported by an emphasis on cost efficiency. He noted that the DPU remains consistent with the previous quarter at Rs 2 per unit, comprising Rs 1.27 per unit as interest, Rs 0.71 per unit as SPV loan repayment, Rs 0.01 per unit as dividend, and Rs 0.01 per unit as treasury income.

For the first half of FY25, revenue and EBITDA increased by 11.5% and 26.8% year-over-year, respectively. Cube InvIT has retained AAA/Stable credit ratings from CRISIL, India Ratings, and ICRA.

As of September 30, 2024, Cube InvIT’s portfolio valuation had risen, with total Assets Under Management (AUM) reaching Rs 291,623 million.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..