Company Overview of Shapoorji Pallonji & Company Limited
Shapoorji Pallonji & Company Limited, through its subsidiaries, operates in construction, real estate, infrastructure, biofuels and agriculture, consumer products, facades and interiors, engineering, textiles, business automation, shipping and logistics, electro-mechanical, and mechanical engineering and plumbing businesses in India, the Middle East, and Africa. The company develops luxury apartments, IT/ITeS SEZs, housing, retail, hospitality, and commercial buildings; provides architectural aluminum products to the construction industry; offers interior fit out services; develops and operates infra ports, power plants, highways, and tollways; and builds marine structures, roads, bridges, t...
41/44, Minoo Desai Marg
Mumbai, 400 005
Founded in 1865
Key Executives for Shapoorji Pallonji & Company Limited
Chief Executive Officer of SP E&C and Managing Director of SPINT
Compensation as of Fiscal Year 2015.
Shapoorji Pallonji & Company Limited Key Developments
Shapoorji Pallonji Raises INR 26,100 million to Refinance Debt
Aug 11 15
Shapoorji Pallonji has raised INR 26,100 million through bond market to refinance existing debt taken for its Jammu-Udhampur highway project. The company raised the money by selling non-convertible debentures through the special purpose vehicle, SP Jammu-Udhampur Highway Ltd, and the proceeds are meant for refinance its existing debt which is combination of foreign currency and rupee loans. The bond will fetch an annual average coupon of 9.15%, payable semi-annually. The bond sale and the resultant debt repayment will help the company to lower its interest cost as well as eliminate exchange rate risks, the firm said in a statement. The company claimed that the bond sale is the debt raised in the road sector in recent months.
Shapoorji Pallonji & Co., Ltd. Forms Joint Venture Agreement with Standard Chartered Private Equity Limited, International Finance Corporation and Asian Development Bank to Develop Affordable Housing in India
Aug 3 15
Shapoorji Pallonji & Co. Ltd. has formed a joint venture with Standard Chartered Private Equity Limited, International Finance Corporation and Asian Development Bank to develop affordable housing in India.
Shapoorji Pallonji Seeks Acquisitions
Aug 1 15
Shapoorji Pallonji & Company Limited is seeking acquisitions. "We will look at five more land acquisitions over the next two years. This is pure equity capital and will be used for acquisition of zoned and aggregated land parcels within municipal limits of cities. Our aim is to complete the land acquisition in two years and execute these projects in eight years from now," said Venkatesh Gopalkrishnan, Chief Investment Officer and President, Business Development, Shapoorji Pallonji Real Estate.
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