IndiGo's Parent Firm Approves $45 Mn Investment in IFSC Unit

17 Mar 2025 CW Team

InterGlobe Aviation, the parent company of IndiGo, has announced an investment of up to $45 million in its subsidiary, InterGlobe Aviation Financial Services IFSC. The decision was approved during the company鈥檚 board meeting.

The investment, amounting to approximately Rs 3,940 million, will be made in one or more tranches. According to regulatory filings, the allocated funds will be used to finance aviation assets, repay existing loans, and support other corporate activities of the subsidiary.

InterGlobe Aviation Financial Services IFSC was established in October 2023 and specialises in aircraft and aircraft engine leasing, along with providing financial services related to such transactions. The additional investment is expected to strengthen the subsidiary鈥檚 financial position and enhance its capabilities in the aviation leasing sector.

By expanding its financial services arm, IndiGo aims to optimise its asset management strategy and reinforce its presence in the aviation financing space. The move aligns with the airline鈥檚 broader efforts to support its operational growth and financial stability.

News courtesy: Business Standard

Infrastructure Transport

15 May 2025

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Infrastructure Transport

15 May 2025

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

Infrastructure Urban

15 May 2025

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..