Private sector port operator Essar Ports (EPL) said shareholders have approved its proposal to raise up to $1 billion through securities, from domestic and international markets to fund expansion plans. One of the country´s largest port operators, EPL plans to increase its cargo handling capacity from 104 million tonne per annum (mtpa), at present, to 194 mtpa.
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Apollo Global to invest in Welspun
Private equity firm Apollo Global Management will invest Rs 2,250 crore in Welspun group companies. Touted to be its biggest investment in India, funds affiliated with Apollo will invest Rs 1,305 crore in Welspun Corp Ltd,