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Tata Secures $990 Million Loan for UK’s Largest Battery Plant
ECONOMY & POLICY

Tata Secures $990 Million Loan for UK’s Largest Battery Plant

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, makin...

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, making it one of the top three foreign currency loans for an Indian company in 2025.The loan will fund the construction of a battery cell factory in the UK, which is expected to meet nearly half of the automotive sector's projected battery capacity needs by the early 2030s. The loan deal is priced based on the Sterling Overnight Index Average (SONIA), with disbursements still ongoing.This move comes amid a 23 per cent rise in foreign currency loans by Indian borrowers, totalling $6.6 billion year-to-date, reflecting growing global demand for manufacturing infrastructure. Agratas, with factories in India and the UK, is poised to play a key role in the UK's energy storage and electric vehicle market.

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Real Estate

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases—teaser, engagement, and launch. The campaign spotlighted the brand’s renewed commitment to designing homes that go beyond function to foster ..

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Resources

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25�26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India’s office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025�26. By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days—ushering in a new bench..

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Real Estate

TOTO’s NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..

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