Page 7 - Investment

BL Agro aims to become $2.25 bn group by 2030, to invest ₹3k cr in 5 years

Uttar Pradesh-based BL Agro, which mainly sells edible oils and processed food items, will invest Rs 3,000 crore to expand its business and achieve an aggressive target of growing its revenue 2.5 times to Rs 20,000 crore in the next five years. In an interview with PTI, CEO Navneet Ravikar said the company would make these investments to fund expansion plans across various food categories like rice and milk. BL Agro Group, which sells cooking oils under the brand 'Bail Kolhu' and processed food items under 'Nourish' and other brands, had a turnover of around Rs 8,000 crore in 2024-25 fiscal. The Bareilly-based family-owned group has plans to invest around Rs 3,000 crore in the next five years on expansion of several projects, which include setting up a rice business along with milk. It will also set up a 360-degree value chain with manufacturing to processing unit, along with a feed processing and CBG (Compressed Bio Gas) units, he said. As part of its growth strategy, the BL Agro

IHC is taking responsibility for debt: Sammaan Capital MD & CEO Gagan Banga

Gagan Banga spoke to outline what the investment means for the company and how it plans to leverage this capital to expand its business

Electronics component plan gets ₹1.15 trillion proposals, says govt

The government has received Rs 1.15 trillion worth of investment proposals under the Rs 22,919 crore ECMS from 249 firms, with approvals and production set to begin soon

Indian households, including Gen Z, remain risk-averse: Sebi survey

The nationwide study, conducted across 90,000 households in 400 cities and 1,000 villages, highlights that nearly 80 per cent of families prefer capital preservation to higher, riskier gains

Hiranandani Financial raises ₹800 crore from Vitruvian Partners

Small business financier Hiranandani Financial Services (HFS) on Tuesday said it has raised Rs 800 crore from investment firm Vitruvian Partners. Vitruvian, which has backed the company through its Singapore platform, will get a minority stake in HFS, a statement said. HFS was founded by Harsh Hiranadani, son of Surendra Hiranandani who has interests in the real estate sector. The funding will help the NBFC deepen its footprint in smaller cities by offering secured lending products and also help the lender up its investments in technology and talent. The company operates a direct-to-consumer model, using data from multiple sources, automated credit rule engines, mobile-first assisted onboarding, and real-time KYC (know your customer) to underwrite borrowers. "The company's hybrid model, combining an on-the-ground presence with a strong digital technology stack, has proven both scalable and resilient," Kartikeya Kaji, who leads Vitruvian's India investing team, said. Harsh Hirana

TotalEnergies cuts capex, unveils savings plan amid investor debt worries

The reduction in capex, to around $15-17 billion annually between 2027 and 2030, is part of a drive to save $7.5 billion

Carlsberg commits ₹1,250 crore investment in food processing sector

Brewing company Carlsberg has committed to invest Rs 1,250 crore in the food processing sector in India, which is a "priority growth market" for the Danish group. This includes setting up greenfield facilities and expanding its existing units across the states by Carlsberg India, the company said in a statement on Monday. The company has signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, at World Food India 2025, which was held during September 25-28 in the national capital, it added It will invest "Rs 500 crore towards a new greenfield facility in Ahilyanagar, Maharashtra, Rs 400 crore for brownfield expansion in Hoogly, West Bengal, Rs 350 crore for brownfield expansion in Mysuru, Karnataka," the company, which is a step-down unit of Danish brewing giant Carlsberg, said. The agreement reaffirms Carlsberg's long-term commitment to India and will significantly strengthen its brewing and packaging footprint in the

Citi's Wall Street rebound turns Vis Raghavan into CEO contender

Citigroup has scaled the M&A advisory ranking and displaced rivals on at least two recent deals

27 MoUs worth over ₹66,000 crore signed to boost India's maritime sector

A MoU Exchange Ceremony took place on the eve of the "Samudra Se Samriddhi - Transforming India's Maritime Sector" programme on September 19 at Bhavnagar, Gujarat.According to the Ministry of Ports, Shipping and Waterways' release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched.The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employment, Youth Affairs & Sports, and Shantanu Thakur, Minister of State for Ports, Shipping, and Waterways.Additionally, twenty-seven Memorandum of Understanding (MoUs) were exchanged between public and private sector stakeholders in the maritime sector, state governments, and international partners. According to the government, these agreements carry an investment and development potential of over ₹66,000 crore and represent a ...

Private credit is on course for its biggest year in emerging markets

Funding by the likes of Blackstone Inc. and Apollo Global Management Inc. is putting EM deals from private lenders on course for the biggest year on record

₹1.02 trillion investment lined up in Indian food processing sector: Govt

The World Food India summit was inaugurated by Prime Minister Narendra Modi and held at Bharat Mandapam in the national capital from September 25 to 28

NTPC, NPCIL to invest ₹42K cr in 2,800 MW nuclear power plant in Rajasthan

The 2,800 MW Mahi Banswara Rajasthan Atomic Power Project, developed by a NPCIL-NTPC joint venture at an investment of around Rs 42,000 crore in Rajasthan, will be one of the largest nuclear plants in the country, supplying reliable base load energy, power major NTPC said on Thursday. Prime Minister Narendra Modi on Thursday inaugurated the nuclear project along with other energy projects having a combined investment value of over Rs 51,000 crore in Rajasthan. Modi laid the foundation stone of 4X700 MW Mahi Banswara Rajasthan Atomic Power Project (MBRAPP), which is being developed by joint venture entity Anushakti Vidhyut Nigam Ltd (ASHVINI). Nuclear Power Corporation of India (NPCIL) owns 51 per cent stake and NTPC remaining 49 per cent in the JV. The partners will pool in financial, technological, and project expertise for the project which entails an investment of around Rs 42,000 crore, NTPC said in a statement. The project, which marks NTPC's foray into nuclear power generatio

Coca-Cola bottlers to invest ₹25,760 cr in India's food processing sector

Three Coca-Cola bottlers in India will jointly invest Rs 25,760 crore (USD 2.96 billion) to expand the country's food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Industries for greenfield and brownfield projects, according to an industry official. SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola's wholly-owned bottling arm), and Kandhari Group of Companies have committed to the investment, which will span nine states, including Uttar Pradesh, Bihar, Andhra Pradesh, Telangana, Karnataka, Gujarat, Punjab, Rajasthan and Jammu. "Coca-Cola India and all the other bottlers, including SLMG Beverages, have signed an MoU worth Rs 25,760 crore with the food processing industry," said Paritosh Ladhani, joint managing director of SLMG Beverages told PTI. SLMG Beverages, Coca-Cola's largest bottler in India, will contribute Rs 8,000 crore to the investment, Ladhani added. The projects are expected to generate 30,000 direct jo

Telangana clears ₹3,745 cr investment; Coca-Cola plant to support farmers

The move is expected to bring significant revenue to rural communities and deepen the integration between agriculture and industry

Key stocks & sectors to watch out for this festive season | Investment tips | Share market | GST 2.0

The festive season is here, and markets are betting big on rising consumer demand.

Datanomics: Is it time for the private sector to step up investments?

It is widely believed that investments these days are generally driven by the government as the private sector is yet to show its animal spirit

TN secures investments worth ₹30,000 cr in shipbuilding sector: TRB Rajaa

Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...

UAE firms keen to invest in Indian infra, banking, startups: Piyush Goyal

The UAE companies are looking at multiple sectors, such as infrastructure, data centres, banking, startups and logistics, in India to increase their investments, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the two countries have reset their targets and are actively working to increase investments rapidly in different sectors, and enhance collaborations in areas such as renewable energy, shipbuilding, retail, and pharmaceuticals. Infrastructure is one of the major sectors where they (UAE) can see huge potential. There was a lot of interest in the banking sector and startups. The interest of potential investors is also in the logistics ecosystem in India and green energy. The UAE is keen to look at investments, Goyal told reporters here. The minister was here for the 13th India-UAE High-Level Joint Task Force on Investments. The two-day visit concluded on September 19. He was leading a 75-member business delegation. There are many ways through which India

India, UAE to discuss trade, investment, bank matters on September 18-19

India and the UAE will review progress of bilateral trade pact, double taxation treaty and central Bank matters during the two-day visit of Commerce and Industry Minister Piyush Goyal to the gulf country, an official statement said on Wednesday. Goyal is visiting the United Arab Emirates (UAE) from 18-19 September to co-chair the 13th India-UAE High Level Task Force on Investments (HLJTFI), along with Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA). "The meeting will review progress on the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the Double Taxation Treaty, and UAE-India Central Bank matters," the commerce and industry ministry said. Both sides will also explore opportunities for investment in key sectors, including maritime and space, that hold strong potential for growth, it added. During the visit, Goyal will also co-chair the UAE-India Business Council (UIBC) round-table with Thani bin Ahmed Al Zeyoudi, UAE

Adani Group to invest additional ₹30,000 cr to expand domestic ports ops

The majority of this investment will go into the Mundra (Gujarat), Dhamra (Odisha), and Vizhinjam (Kerala) ports