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Tata Secures $990 Million Loan for UK’s Largest Battery Plant
ECONOMY & POLICY

Tata Secures $990 Million Loan for UK’s Largest Battery Plant

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, makin...

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, making it one of the top three foreign currency loans for an Indian company in 2025.The loan will fund the construction of a battery cell factory in the UK, which is expected to meet nearly half of the automotive sector's projected battery capacity needs by the early 2030s. The loan deal is priced based on the Sterling Overnight Index Average (SONIA), with disbursements still ongoing.This move comes amid a 23 per cent rise in foreign currency loans by Indian borrowers, totalling $6.6 billion year-to-date, reflecting growing global demand for manufacturing infrastructure. Agratas, with factories in India and the UK, is poised to play a key role in the UK's energy storage and electric vehicle market.

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Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

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Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

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Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

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