IEL Limited to Launch Rs 450 million Rights Issue for Warehousing Expansion

15 Jan 2025 CW Team

IEL Limited has announced a Rs 445.6 million rights issue to support its strategic foray into the warehousing and logistics sector. The issue, opening on February 4 and closing on February 21, 2025, offers 10.01 crore equity shares at Rs 4.45 per share, including a Rs 3.45 premium.

The funds will facilitate land acquisition, construction of modern storage facilities, and general corporate expenses. IEL has acquired 29,800 sq m in Lucknow for state-of-the-art storage solutions, including warehouses, cold storage units, silos, and smart warehouses.

“With the Indian warehousing market projected to reach $34.99 billion by 2027, IEL’s entry is timely,” said Ajay Gupta, Managing Director, IEL Limited. "This rights issue will drive our expansion into high-demand regions and support infrastructure development to cater to retail, food, and pharma sectors."

In FY24, IEL's net sales rose 56.16 per cent to Rs 17.26 crore, though net profit fell to Rs 0.26 crore from Rs 2.37 crore in FY23. The company's stock underwent a split in September 2023, reducing share face value from Rs 10 to Rs 1.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..