19 Nov 2025

Nuvoco Vistas Corporation, the cement arm of the Nirma Group, has agreed to acquire Gujarat-based Vadraj Energy in an INR 200-crore deal involving JSW Cement and Alpha Alternatives. The purchase is being made through Algebra Endeavour, Vadraj Energy's holding company, and will give Nuvoco access to power plants in Kutch and Surat to support its captive energy needs. The all-cash transaction is expected to close within about ten days, subject to conditions. Earlier this year, Nuvoco also secured NCLT approval to acquire Vadraj Cement for INR 1,800 crore. Nuvoco, India's fifth-largest cement maker, saw its shares trade slightly lower at INR 364.15.Read more

19 Nov 2025

KPI Green Energy has secured a Rs 696.50 crore contract with SJVN Ltd to develop a 200 MW (AC) solar project at Gujarat's GIPCL Renewable Energy Park. The company will supply all equipment, handle construction, installation, civil works, and manage testing, commissioning, and operational acceptance. KPI Green will also provide O&M support for three years post-commercial operation. The project is structured under three contracts: Supply, EPC, and O&M highlighting KPI Green's turnkey responsibility and strengthening its position as a key renewable energy EPC player.Read more

19 Nov 2025

Smartworks Coworking Spaces has leased about 1.66 lakh sq ft of office space in Pune to Wolters Kluwer (India), reflecting rising demand from global enterprises for large, consolidated workplaces. Smartworks, which manages 12.7 million sq ft across 14 cities, said its large-format campuses cater to clients seeking scale, speed and consistent experiences. The share of clients occupying more than 1,000 seats has grown from 12% to 35% in three years. Financially, the company's net loss narrowed to INR 3.13 crore in Q2, while income rose 22% to INR 441.06 crore. The deal strengthens Smartworks' position in India's flexible office market amid growing enterprise-focused demand.Read more

19 Nov 2025

CCI Projects has announced a major investment of around INR 700 crore to develop a new luxury residential tower within the Mumbai Metropolitan Region. Introduced earlier this week, the 53-storey tower, named Skyleap, will form part of the Rivali Park 2 gated community situated along the Western Express Highway in Borivali. The development will comprise 320 premium apartments and is expected to generate revenue exceeding INR 1,250 crore on completion. CCI Projects, founded in 2000, has already delivered several towers and currently maintains an active development pipeline across the region.Read more

18 Nov 2025

NBCC Ltd recently announced that it had secured a significant contract from the Damodar Valley Corporation to develop an integrated township in Jharkhand. The state-owned enterprise confirmed through a regulatory filing that the order, valued at INR 498.30 crore, relates to township construction at the Chandrapura Thermal Power Station. This development comes as NBCC recently reported strong quarterly financial results, with consolidated net profit rising by 25 per cent and total income showing notable year-on-year growth. The company continues to strengthen its presence across engineering, procurement and construction, project management consultancy and real estate operations.Read more

18 Nov 2025

Stonecraft Group recently announced that it will invest INR 300 crore to develop an expansive 110-acre township in Yadagirigutta, Telangana. The plan includes an integrated township with a projected revenue potential of INR 1,100 crore. The developer intends to allocate 90 acres for residential plots, expected to generate about INR 500 crore, while the remaining 20 acres will accommodate a senior living community comprising 333 independent homes, with estimated revenues of INR 600 crore. The Hyderabad-based firm, which is already developing over 14.5 million sq ft across various locations, noted rising interest in homes near spiritual destinations.Read more

18 Nov 2025

Anant Raj Ltd has confirmed plans to invest nearly INR 4,500 crore in Andhra Pradesh as part of a large-scale expansion of its data centre operations. The company announced earlier this week that its subsidiary, Anant Raj Cloud Pvt Ltd, had signed an MoU with the Andhra Pradesh Economic Development Board to establish a data centre and IT park in a phased manner. The agreement includes provisions for state-level facilitation, job creation, and coordinated central government support. This expansion will add to Anant Raj's ongoing data centre projects and future capacity ambitions.Read more

18 Nov 2025

Suraj Estate Developers expects to generate about INR 1,200 crore in revenue from its newly launched Mumbai commercial project, One Business Bay. The development offers 2.09 lakh sq ft of carpet area, featuring 182 premium office units and select high-end retail spaces. The company has completed over 45 projects totalling 16.09 lakh sq ft and is currently working on 13 ongoing developments with 7.55 lakh sq ft of RERA-registered saleable area. It also has 16 upcoming projects planned, adding another 11.57 lakh sq ft. With this launch, Suraj Estate Developers continues to expand its commercial footprint and tap into growing demand for modern business infrastructure in Mumbai.Read more

18 Nov 2025

Gera Developments is set to expand its residential portfolio with a new wellness-focused housing project in Pune, involving an investment of about INR 1,100 crore. The 8-acre development will feature nearly 1,000 apartments across two phases, with the first phase offering about 500 units starting at around INR 1.25 crore. The company has also introduced wellness amenities such as yoga, pilates, aqua aerobics, nutrition support and personalised coaching through expert partnerships. Gera Developments, which operates in Pune, Goa and Bengaluru, is additionally planning six more wellness-centric projects in the coming years.Read more

18 Nov 2025

Kings Infra Ventures has entered into an agreement with the Andhra Pradesh government to establish an INR 2,500-crore aquaculture technology park near Srikakulam. The plan was formalised during the recent CII Partnership Summit in Visakhapatnam. The 500-acre project will be India's first AI-enabled aquaculture park, integrating hatcheries, indoor farming systems, processing facilities and a marine bio-actives unit through the company's BlueTechOS platform. Kings Infra will invest INR 500 crore directly, with another INR 2,000 crore expected through supporting industries. The project will also train 5,000 professionals and enable multi-species production for domestic and export markets.Read more