Edition: International
Monday 02 June, 2025
BREAKING NEWS

Have Come After Fulfilling my Promise of Hitting Terrorists Beyond Imagination: PM Modi in Bihar

  • News
    • Kochi
    • Trivandrum
    • Kozhikode
  • Sports
  • Business
  • Health
  • Entertainment
    • E24hrs
    • Cinema
    • Directors
    • Actors
  • Education
    • Career
  • Automobile
  • Personalities
    • Political Leaders
  • Religion
    • Christian
      • Catholic
      • Latin Catholic
      • Syro Malabar
    • Hindu
    • Islam
  • Environment
  • More
    • Food
    • Wellness
    • Lifestyle
    • Beauty & Fashion
    • Fitness
    • Mental Health
    • Yoga
    • Video
  • മലയാളം
BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
K’taka Govt Demolishes Illegal Religious Mutt in Belagavi After Seer’s Arrest
Normal Life Affected as Monsoon Rains Cause Havoc in Kerala
Mahindra Thar ROXX Brings Dolby Atmos for an Elevated Entertainment Experience
V.P. Nandakumar Honoured with Exemplary Leadership in Corporate Social Responsibility Award
Invest Kerala Summit: NDR Warehousing Forays into Kerala with ₹250-cr Investment
    • News
      • Kochi
      • Trivandrum
      • Kozhikode
    • Sports
    • Business
    • Health
    • Entertainment
      • E24hrs
      • Cinema
      • Directors
      • Actors
    • Education
      • Career
    • Automobile
    • Personalities
      • Political Leaders
    • Religion
      • Christian
        • Catholic
        • Latin Catholic
        • Syro Malabar
      • Hindu
      • Islam
    • Environment
    • More
      • Food
      • Wellness
      • Lifestyle
      • Beauty & Fashion
      • Fitness
      • Mental Health
      • Yoga
      • Video
    • മലയാളം
  • Business
  • IndiaRF Announces USD 75million (INR 555 crs) Investment in Thrissur Expressway Ltd

    By NE Reporter on September 14, 2021

    THRISSUR:
    India Resurgence Fund (“IndiaRF”), promoted by Piramal Enterprises Limited and Bain Capital Credit, along with international co-investors, today announced an investment of USD 75 million (INR 555cr) in Thrissur Expressway Limited (“TEL”), a part of Hyderabad based KMC Constructions Limited (“KMC”). The investment will be used towards restructuring of TEL’s existing debt and for last mile financing to enable project completion.

    TEL, a special purpose vehicle of KMC, is a 28 km highway project in the state of Kerala, between Thrissur and Vadakkanchery. It is a part of the National Highway that connects Kochi, Kerala and Salem, Tamil Nadu which passes through several important cities such as Erode, Coimbatore, Palakkad and Thrissur. TEL was awarded the project in 2009, for widening the existing two lane stretch to six lanes, by the National Highway Authority of India under the Design, Build, Finance, Operate, and Transfer basis, for a concession period of 20 years.

    Commenting on the investment, Shantanu Nalavadi, Managing Director, IndiaRF said, “We are pleased to partner with KMC Group, as it embarks on an exciting journey to complete this critical project and to support a project that is in the interest of the nation. On completion, the project will significantly improve the connectivity between the key states of South India namely, Kerala and Tamil Nadu and will create significant efficiency as well as savings for both commercial and passenger traffic. IndiaRF has the capital and the expertise to invest in similar opportunities that will provide effective solutions that address bottlenecks in infrastructure projects of national interest, resolve issues in the capital structure of such projects, support financial institutions and create win-win situations for all stakeholders.”

    Vikram Reddy, Managing Director, KMC Constructions Limited said, “The investment from IndiaRF comes at a critical juncture for project completion. We are confident of completion of the last mile and opening the entire stretch at the earliest so that it improves the connectivity between the towns and key states of South India. We are particularly pleased that we have been able to design, build and operate a 1km long tunnel which achieves the twin objective of improving connectivity and at the same time, contributes to the rich biodiversity of this region. The NHAI has supported this project of vital regional and national interest, for which we are thankful. We also thank Equirus Capital for advising us on this transaction and for helping us on its closure.”

    Iscea

    NE Reporter

    Bain Capital CreditIndia Resurgence FundIndia RFPiramal EnterprisesThrissur Expressway

    more recommended stories

    • V.P. Nandakumar Honoured with Exemplary Leadership in Corporate Social Responsibility Award

      THRISSUR:V.P. Nandakumar, Managing Director & Chief.

    • Invest Kerala Summit: NDR Warehousing Forays into Kerala with ₹250-cr Investment

      KOCHI:Marking its foray into Kerala as.

    • Fingent of Infopark Wins KMA Honour for Innovative HR Practices

      KOCHI:Fingent Global Solutions at Infopark received.

    • Airtel Introduces OTT Entertainment Packs for Prepaid Users

      NEW DELHI:Bharti Airtel (“Airtel”), one of.

    • Invest Kerala Summit: Minister Rajeeve Lays Foundation Stone for First Project

      KOCHI:Industries Minister P. Rajeeve today laid.

    • The World Says ‘NamAIste’ to the ‘Made in India’ World’s First Hospitality GPT by IIHM

      BENGALURU:There is a new dawn in.

    • Kerala’s First Cybersecurity SaaS Startup Expands Ops in Technopark

      THIRUVANANTHAPURAM:Kerala’s first cybersecurity SaaS (Software as.

    • Axis Max Life Achieves Highest-Ever Claims Paid Ratio of 99.70% in FY25

      NEW DELHI:Axis Max Life Insurance Ltd..

    • India’s MSME Commercial Credit Portfolio Grew 13% YoY

      MUMBAI:The commercial credit portfolio for India’s.

    • Spices Board Invites Applications Inder SPICED Scheme for FY 2025–26

      KOCHI:The Spices Board, under the Ministry.

    Live Updates

    • K’taka Govt Demolishes Illegal Religious Mutt in Belagavi After Seer’s Arrest
    • Normal Life Affected as Monsoon Rains Cause Havoc in Kerala
    • Mahindra Thar ROXX Brings Dolby Atmos for an Elevated Entertainment Experience
    • V.P. Nandakumar Honoured with Exemplary Leadership in Corporate Social Responsibility Award
    • Invest Kerala Summit: NDR Warehousing Forays into Kerala with ₹250-cr Investment

    NewsExperts.in

    • മലയാളം
    • മലയാളം

    What’s New ?

    • K’taka Govt Demolishes Illegal Religious Mutt in Belagavi After Seer’s Arrest
    • Normal Life Affected as Monsoon Rains Cause Havoc in Kerala
    • Mahindra Thar ROXX Brings Dolby Atmos for an Elevated Entertainment Experience
    • V.P. Nandakumar Honoured with Exemplary Leadership in Corporate Social Responsibility Award
    • Invest Kerala Summit: NDR Warehousing Forays into Kerala with ₹250-cr Investment

    Newsexperts.in - powered by Klickevents Infosolutions (P) LTD