IL&FS Transportation Cleared to Issue Roadstar Units

02 Aug 2024 CW Team

IL&FS Transportation Networks has received the green light to issue units of its Roadstar Invitational, a move poised to enhance its funding capabilities for ongoing and upcoming infrastructure projects. This approval from the bourses marks a significant step for the company in securing additional capital to support its operations and growth initiatives.

The issuance of Roadstar units is a strategic financial manoeuvre aimed at raising funds to bolster IL&FS Transportation's investment in road and infrastructure projects across India. The funds raised will be directed towards various infrastructure developments, including road expansions, upgrades, and maintenance efforts critical to the company's operational strategy.

This approval is expected to strengthen IL&FS Transportation's financial position and facilitate the execution of its project pipeline. The company has outlined a clear plan for the utilisation of the funds, focusing on enhancing road connectivity and improving infrastructure quality, which aligns with broader national development goals.

The Roadstar Invitational issuance reflects IL&FS Transportation's commitment to advancing its infrastructure projects and addressing the growing demand for enhanced transportation networks. As the company moves forward with this initiative, it aims to contribute significantly to the country's infrastructure development and economic growth.

Overall, this development is a positive signal for investors and stakeholders, highlighting IL&FS Transportation's proactive approach to funding and its dedication to advancing critical infrastructure projects.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..