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The International Finance Corporation (IFC) on Monday announced an equity investment of Rs 225 crore (around USD 23 million) in NDR Smart Spaces. The investment will support NDR Smart Spaces in developing a pipeline of around 20 million square feet of Grade A warehousing infrastructure across 14 cities, including around 8 million square feet under construction. NDR Smart Spaces Pvt Ltd is a newly established platform by the NDR group, which is the sponsor of NDR InvIT Trust, dedicated to developing Grade A warehousing and logistics infrastructure across several states, including Maharashtra, Tamil Nadu, and Uttar Pradesh. The portfolio will comprise both dry warehousing and cold storage facilities, with a strategic focus on tier-2/3 cities that have historically been underserved by modern logistics infrastructure, and where quality formal employment in the organised sector remains scarce, the company said. "IFC's investment in NDR Smart Spaces will support Grade A warehouses in Tie
State-owned infrastructure financing institution Housing and Urban Development Corporation Ltd (HUDCO) expects its loan book to cross the Rs 2 lakh crore mark during the ongoing financial year on firm demand. To fund asset expansion, the company plans to borrow Rs 75,000 crore from both domestic and overseas markets during the current fiscal. Of this, the company has already raised Rs 20,000 crore in the first quarter and the remaining Rs 55,000 crore would be mobilised in the three quarters of FY27, HUDCO Chairman and Managing Director (CMD) Sanjay Kulshrestha told PTI. As far as domestic market fund raising is concerned, the company plans to raise up to Rs 1,000 crore through Capital Gain Bonds in addition to non-convertible debentures and other means. The government authorised the company to issue 54 EC Capital Gain Bonds last year and it mobilised about Rs 120 crore during FY26. Capital Gains Bonds are a type of investment instrument, authorised by the Income Tax Act, 1961. Th
The initial public offering (IPO) of infrastructure company Technocraft Ventures Ltd received 2.59 times subscription on the first day of share sale on Friday. The company's IPO garnered bids for 2,15,61,120 shares against 83,17,190 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) fetched 4.47 times subscription, while the quota for non-institutional investors received 3.80 times subscription. Retail investors portion got fully subscribed. Technocraft Ventures Ltd on Thursday raised Rs 75.55 crore from anchor investors. The company's IPO will conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue. The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions. At the upper end of the price band, the total issue size works out to about Rs 251.88 crore. Of the fresh issue proceeds, Rs 150 crore will be used to fund the
Infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of around Rs 4,92,752 crore, according to a monthly government report for June 2026. A total of 1,847 ongoing infrastructure projects across 17 Central Ministries/ Departments were monitored and it was found that the total revised cost was Rs 40,54,473 crore compared to their original cost of Rs 35,61,721 crore. The report, however, did not specify the actual number of projects that faced cost overrun. The cumulative expenditure incurred on these projects stands at Rs 21.97 lakh crore, accounting for approximately 54.18 per cent of the revised project cost, indicating steady progress in project implementation, a statement by the Ministry of Statistics and Programme Implementation (MoSPI) said. A significant proportion of projects are at advanced stages, with 709 projects (39 per cent) achieving over 80 per cent physical progress, while 337 (19 per cent) have crossed 80 per cent financial ...