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Online crane rental platform MyCrane says it has seen a surge in new client registrations and project enquiries from the Indian market. The company has recently processed customer orders for crawler, rough terrain and telescopic cranes with a.
Shapoorji Pallonji & Company (SPCPL) is considering selling its stake in Sterling and Wilson Renewable Energy (SWRE) to meet financial obligations. Plans are underway to manage debt and refinance it, while the Mistry family considers raising loans and has amassed significant debt.
The company has scheduled a coupon payment on 5.5% unlisted senior secured bonds of ₹750 crore due on January 31, 2024. Under the revised terms, the bondholders have agreed to reschedule the coupon payment to March 31 at 12% which will be payable half-yearly, the people cited above said.