Capex of Indian Railways to reach Rs.2.45 tn in FY 2022-23
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Infra.Market Becomes India鈥檚 Second-Largest Tile Maker
Infra.Market has emerged as India鈥檚 second-largest player in the ceramic tiles sector by installed capacity, with a total manufacturing capability of 81.57 million square metres. The company, a prominent name in the building materials space, operates 19 manufacturing plants and has seen a five-fold growth over the past three to four years. Backed by an investment of around Rs 1,400 crore, Infra.Market鈥檚 expansion has been powered by its multi-brand strategy and category diversification, enhancing its reach in both domestic and export markets.Currently, exports account for 25 to 30 per cent..
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Avaada in Talks with Global Lenders to Raise $1 Bn Project Debt
Avaada Group is in discussions with global lenders including Standard Chartered Bank, Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas, and Societe Generale to raise over $ one billion (Rs 85.00 billion) in project finance debt to support its renewable energy expansion.The company currently has 3,000 MWp of solar and wind projects under construction and aims to reach 30 GWp capacity by 2030. It plans investments of Rs 35,000 to 400.00 billion in solar, wind, pumped storage projects (PSP), and green hydrogen and ammonia production.Chairman Vineet Mittal noted the firm鈥檚 active engageme..
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