Welspun One to Raise Rs 40 Billion to Double Portfolio by 2028

20 Dec 2024 CW Team

Welspun One, an integrated fund and management development platform, has initiated a process to raise Rs 40 billion, attracting significant interest, particularly from global investors. This move is part of the company's strategy to expand its portfolio from 16 million sq ft to 32 million sq ft by 2028, with a robust pipeline of around 8 million sq ft already identified across various assets. The funds raised will diversify Welspun One's investor base and position the platform as a key point of entry for international investors looking to tap into India's growing logistics sector. The company also plans to deploy approximately Rs 15 billion into new-age, capital-intensive logistics assets. Yash Ravel, CEO of Fund Management at Welspun One, emphasised that aligning with global partners will not only secure capital but also set a new standard in efficiency, adaptability, and long-term value creation for stakeholders. Welspun One highlights the boom in India’s e-commerce and quick commerce sectors, creating vast opportunities in logistics and industrial real estate that demand high-performance, scalable infrastructure. The company’s proven ability to execute large-scale investments has positioned it as a trusted partner for global capital providers looking to invest in India’s rapid growth. The company has already committed 75% of its Rs 22.75 billion Fund 2 within six months of its final close earlier this year. Welspun One aims to achieve a peak AUM (Assets Under Management) of $1 billion across 16 Grade A assets by 2026, further solidifying its status as India’s fastest-growing logistics and industrial real estate manager-developer. (Business Standard)

Infrastructure Urban

27 Oct 2025

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..