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 Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..