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SP Group to raise ₹22,000 crore to refinance debt

March 22, 2025

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The New Indian Express Kalaburagi

THE Shapoorji Pallonji (SP) Group, sitting on a debt pile of close to ₹60,000 crore, is on course to raise ₹29,000 crore to refinance its costly forex debt maturing by late May.

- BENN KOCHUVEEDAN@Mumbai

As much as 75% or around ₹22,000 crore of this will be raised in the rupee, making it the largest private credit mop-up in the country and over a dozen investors are readying their term-sheets.

Late last year, the SP Group was on the verge of signing an agreement with the state-run Power Finance Corporation to raise ₹20,000 crore. But the deal fell apart at the last leg of the negotiations which sources attributed to the lender's apprehension about the high leverage of the group.

المزيد من القصص من The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Paperless working systems for station masters soon

THE Indian Railways (IR) is considering introducing mobile app-based, paperless working systems for station masters and is developing an integrated Station Management System (SMS) to improve coordination among railway departments and ensure faster resolution of passenger-related issues.

time to read

1 min

June 20, 2026

The New Indian Express Kalaburagi

Shah asks for extensive use of tech for quick justice delivery to people

UNION Home Minister Amit Shah on Friday called for the extensive use of technology across the criminal justice chain—from investigation and prosecution to conviction —to ensure speedy and effective delivery of justice for citizens.

time to read

1 min

June 20, 2026

The New Indian Express Kalaburagi

HOLDING FABLE EMBARGO AS MIRROR

IN 1995, MIT Press published a book that nobody was meant to read in the ordinary way. It was the complete source code of Pretty Good Privacy, Phil Zimmermann’s encryption programme, set in machine-readable type across some 900 pages.

time to read

3 mins

June 20, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

World talking about youth power: PM

Will ensure all necessary support for young aspirations

time to read

2 mins

June 20, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Uddhav threatens to quit as Sena chief, Shinde says ‘Op Tiger’ is just a trailer

ON the 60th Foundation Day of Shiv Sena (UBT), Uddhav Thackeray made an emotional appeal to party workers and threatened to resign as party president if anyone believed the allegations levelled against him were true that he is not a proactive leader.

time to read

1 mins

June 20, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

RONALDO JUST ANOTHER PLAYER?

Controversy erupts after Neves comment on legend; fans attack Portuguese players online

time to read

2 mins

June 20, 2026

The New Indian Express Kalaburagi

Bickering in INDIA bloc after J’khand debacle

CPI(M-L) rubbishes Cong’s charge of cross-voting in RS elections

time to read

1 mins

June 20, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

C’garh govt will provide doorstep delivery of welfare schemes: CM

IN a push towards effective doorstep governance, the Chhattisgarh government announced the launch of ‘Sugghar Chhattisgarh’—a massive, tech-monitored campaign spanning 23 districts.

time to read

1 min

June 20, 2026

The New Indian Express Kalaburagi

Encroachment razed on Pak border in Raj

AS part of ‘Operation Clean’, an initiative driven by the Centre in border areas, the administration has launched a crackdown against encroachments on government land along the India-Pakistan border in Barmer district.

time to read

1 min

June 20, 2026

The New Indian Express Kalaburagi

Mishra: Need to overhaul temple management

ADVOCATING restoration of the trust of Ram devotees as the foremost priority in the wake of the controversy over alleged donation swindling, Ayodhya temple construction committee chief Nripendra Mishra called for a complete overhaul of the temple management.

time to read

1 min

June 20, 2026

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