According to news reports, Vedanta group anticipates starting construction on its Rs1.5 lakh crore semiconductor factory in October or December of this year and beginning production of electronic chips by the first half of 2027.
30% of the investment will come from equity; 70% from debt.
Order given to meet surge in power demand due to summer.
IndusInd will use the loan for giving credit to infrastructure projects.
The proposed electronics ecosystem hub has the potential to attract more than 150 companies and create upwards of 1,00,000 direct and indirect jobs.
The company is raising Rs 100 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
Customers will get the facility to do face-to-face interaction through video conferencing while paying bills.
Samvardhana Motherson now holds 80% stake in Youngshin Motherson.
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