IVRCL plans to raise Rs 300 crore to fund projects in FY15.

IVRCL is planning to raise up to Rs. 300 crore in two tranches to fund projects during 2014-15, chairman and managing director E Sudhir Reddy said. The company's board, which met recently to review its financial results for the fourth quarter and 2013-14, has approved the proposal to raise this amount, he told ET.

The money will be raised through either a rights issue, preferential allotment or institutional placement. IVRCL's consolidated loss widened to Rs. 853 crore in 2013-14 from Rs. 240 crore, in the previous fiscal.



ET