Welspun One Logistics Parks Fund 1 dedicates Rs 5 billion to AIF

30 Nov 2022 CW Team

In order to build a portfolio worth Rs 23 billion across five cities (MMR, NCR, Bengaluru, Chennai, and Lucknow), aggregating to around 6.6 million sq ft of gross leasable area, Welspun One Logistics Parks has committed 100% of its Rs 5 billion capital to six ventures.

The company launched India's first Alternative Investment Fund (AIF) that was specifically focused on warehousing expansion last year.

One million sq ft of the 6.6 million sq ft have already been delivered, and another two million sq ft are anticipated to be delivered in the second quarter of 2023.

In just over two years after its initial close, 50% of the firm's fund portfolio will be delivered, operating, and generating rent, according to the company.

Notably, there is significant room for leasing the remaining 60% of the portfolio, which is currently pre-leased to a distinguished group of tenants like Delhivery, Flipkart, FM Logistics, Tata Croma, and Ecom Express.

Also read:
Blackstone acquires 2.5 mn sq ft of warehousing near Delhi
Kanpur to get mega logistics park for cargo handling

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..