Author: RM Bureau

L&T bags order for Titanium Clad Oxidation Reactor from Technip Energies

Company develops indigenous technology for the critical equipment. Delhi, August 13, 2021: The Heavy Engineering arm of Larsen & Toubro has won an order for Oxidation Reactor from Technip Energies-India against stiff global competition. This order for the technologically critical Titanium Clad Reactor is for a Public Sector Petrochemical project for Purified Terephthalic Acid plant. The scope ...

IMC SWARNAA acquires Trillium Flow Technologies in order to diversify its portfolio and expand its market presence

Completes acquisition of 100% stake of Trillium Flow Technologies (BDK Valves) With this acquisition, the group’s combined turnover would be approximately INR 1000 Crs. Trillium Flow Technologies, originally known as BDK Engineering Industries Ltd. was acquired by Wier Engineering services in 2010 for INR 298.3 Crs. Mumbai: IMC Swarnaa Ventures Pvt Ltd, a joint venture of Hubballi based IMC and SW...

Maha Housing Minister lauds city teenager for her exemplary research done for garbage workers of the city

• Sanjana Runwal, founder of Clean Up Foundation, presents a research paper on affordable housing solutions for garbage workers to the State for consideration Mumbai, 11th August 2021: Sanjana Runwal, a 17-year-old student from Mumbai and the founder of the NGO – Clean Up Foundation, was honoured with a Letter of Appreciation by Dr. Jitendra Awhad, Minister of Housing, Maharashtra State for ...

COVID-19 recalibrating homebuyers’ preferences and leading to the emergence of new assets in real estate

The pandemic has changed the perspective of the homebuyers, leading to the emergency of new asset classes in real estate, especially in the residential sector. An ANAROCK Report highlights that work from home and online education amid travel restrictions have fueled the demand for spacious homes with a distinct workspace. The pandemic has also led to an increase in demand for second homes. “The wo...

ReNew Power Announces Two Acquisitions Totaling 359 MWs of Renewable Energy Assets

 ReNew signs binding agreements for the acquisition of two operating portfolios o 99MW hydropower project in Uttarakhand, o 260MW/330MWp solar projects in the state of Telangana • The combined enterprise value of the acquisitions is around INR 28.5 billion (US$ 384.0 million) o Adds approximately INR 3.8 – 4.0 billion (US$ 50.7 – 53.4 million) of EBITDA on a full-year basis • ReNew announces its e...

Stanza Living certified ‘Safe Place to Stay’ and ‘Safe Place to Cook’ by leading quality auditor Equinox Labs

Ø First managed accommodation brand to receive independent auditor approval on their safety and quality measures across 16 cities. 10th August 2021, New Delhi: Stanza Living, India’s top managed accommodation brand, has become the first operator to be certified ‘Safe Place to Stay’ in an authoritative assessment by leading quality audit firm Equinox Labs. The company also received a ‘Safe Pl...

Vestige Receives ‘Commitment To Being a Great Place to Work’ Recognition

– Great Place to Work® Certification is the most definitive ‘Employer-of-Choice’ recognition that organizations aspire to achieve – Commitment to Being A Great Place to Work® recognizes organizations that have demonstrated consistent efforts in building and sustaining a High-Trust, High-Performance Culture. New Delhi, August 10, 2021: Honouring Vestige Marketing Ltd’s consistent commit...

KAMDHENU LIMITED Financial Highlights for Q1 FY22

Overall Revenues stood at Rs. 145.9 cr , EBITDA stood at Rs.11.6 cr & PAT stood at Rs.5.6 cr Paint Business: Revenue stood at Rs. 33.1 cr, Volumes stood at 5,092 KL Steel Business: Brand Turnover stood at Rs. 3,485 cr, Royalty Income at Rs.21.5 cr Franchisee Sales Volumes at 5.63 lakh MT Investor Release : 9th August, 2021, Gurugram/ New Delhi Kamdhenu Limited, India’s largest manufacturer and...

Realtors call for hand-holding after unchanged repo rate

In the latest RBI announcement, Apex bank has kept the repo rate unchanged. Understanding the need for economic growth and the requirement of maintaining liquidity in the market, realtors are taking positives from the stance of the status quo. Realtors say that the good thing is that the RBI is optimistic about economic growth. The RBI’s decision to keep key rates constant, including the rep...

Six months extension for project completion by MahaRERA

Mr Ashok Mohanani, President, NAREDCO – Maharashtra and CMD, Ekta World: “At NAREDCO, we were pursuing with Maharashtra’s Real Estate Regulatory Authority seeking for extension of stipulated timelines for completion of real estate projects. Our consistent demand has been heard by the Regulator and the Authority has now extended the mandatory timeline for project completion by ano...

Piramal Enterprises Limited Announces Consolidated Results for Q1 FY2022

– Resilient performance in Q1 FY22 despite headwinds due to the COVID 2nd wave; significant progress made on the DHFL acquisition – Mumbai, India | August 6, 2021: Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302) today announced its consolidated results for the First Quarter (Q1) FY2022 ended 30th June 2021. Consolidated Financial Highlight P&L Performance: – Q1 FY2...

67% of USD 100 Bn Lent to Indian Real Estate is Stress-free

Another 15% is under pressure but has scope for resolution & certainty on principal recovery Merely USD 18 bn worth loans under ‘severe’ stress that need immediate measures NBFCs & HFCs (including trusteeships) together account for 63% of total loans while banks account for 37% At least 75% of total lending to Grade A developers is safe; large portion of lending to Grade B & C develope...

Malad-Goregaon has become the most sought after real estate destination

One of the fastest growing suburbs of Mumbai, the Malad-Goregaon region is situated in the north-west part of the city. From being a sparsely populated outskirt, it has transformed into a vibrant residential, commercial and IT hub owing to the various developments, especially since the turn of the millennium. The 16th century Malad was a cluster of villages known for its serene beaches, churches a...

Runwal Foundation vaccinates over 1500 individuals

Group collaborated with Jupiter Hospital & Fortis hospital to facilitate the vaccination drive 26th July 2021, Mumbai: Runwal Group, one of country’s most trusted and reputed developer had organized a free vaccination drive across various projects.. During these drives, the company managed to vaccinate over 1500 individuals comprising of the construction workers, channel partners, customers, e...

Godrej Group brands give their newest member, Godrej Housing Finance, a grand Twitter welcome

New Delhi, 26th July:  On 23rd July 2021, Twitterati woke up to an exciting banter between all Godrej Group brands. Looking at the 124-year-old conglomerate and its brands have fun and host a virtual welcome party for the latest offering by Godrej Housing Finance (@GodrejHFC) was refreshing and exciting. The bonhomie was through the roof! Through an engaging impromptu Twitter banter, Godrej Group ...

Hitachi ABB Power Grids commissions groundbreaking UHVDC project in India

Raigarh-Pugalur link is accelerating the Country’s clean energy transition by contributing to a resilient and reliable electricity network Bangalore, July 26, 2021 – Hitachi ABB Power Grids in India (listed on Indian stock exchanges as “ABB Power Products and Systems India Limited”) has successfully commissioned one of India’s longest ultra-high voltage direct current (UHVDC) transmission links fo...

L & T Group Performance for the quarter ended June 30, 2021

Highlights: Larsen & Toubro achieved Consolidated Revenues of ₹29,335 crore for the quarter ended June 30, 2021, registering a y-o-y growth of 38%, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations. The Company posted Consolidated Profit After Tax (PAT) of ₹1,174 crore registering substantial y-o-y growth of 287% over the cor...

Independent Floors & Plots Are The New Destination For Property Buyers: T and T Realty

New Delhi, April 28, 2021: Due to the rising cases of COVID-19, the real estate market is also seeing a change in the property buying sentiments. There are ample options available in the residential real estate market all across – the high-rise condominiums, affordable 2,3 BHK apartments, villas, so on and so forth but the trend of independent housing and plots has seen a phenomenal demand f...

Sushma Group organizes free vaccination drive for employees and families

The group organized jabs to over 300 employees and their families at the integrated township Sushma Downtown project Sushma Buildtech Ltd., Punjab’s leading developer planned a free vaccination drive for all the employees and their families. The strength of the people came to over 400, and the company gave Covishield vaccine. The drive was from 26th April to 28th April, 2021. Speaking about the va...

Gera Developments appoints Raman Iyer as COO, Priya Adiseshan as CPO, to steer the company’s aggressive growth plans

27 April 2021: In a move to bring onboard the best in the industry, Pune-based Gera Developments Pvt Ltd (GDPL) has announced two appointments, Mr Raman Iyer as their new Chief Operating Officer and Ms Priya Adiseshan as their new Chief People Officer. Mr Raman Iyer has over 25 years of experience in project delivery and is a leading professional in the real estate industry. He has worked with Sha...

80,718 Properties Registered in Mumbai During Stamp Duty Cut Period, Up 114% Y-o-Y

In the corresponding period a year ago (Sept 2019 to March 2020) when there was no stamp duty cut, ~37,725 properties were registered, according to data by Inspector General of Registration (IGR), Maharashtra Total revenue collected in Mumbai b/w Sept. 2020 to March 2021 (period of stamp duty cut) was INR 2,914 Cr – almost the same as in corresponding period a year ago (at INR 2,958 Cr). Lat...

RLDA to develop multi-functional complexes at Three railway stations across India

-The objective of the development of Multi-Functional Complexes at Bellary, Sikar and Bharatpur Railway Stations is to equip railway stations   with amenities and boost customer experience at – The deadline for bid submission is 12th May 2021 New Delhi, 27th April 2021: Rail Land Development Authority (RLDA) has invited bids for leasing three sites to develop Multi-Functional Complexes (MFC)...

ANAROCK Joins Hands with The Think Tank Creative Agency

Appoints TTTE Founder & CEO Abhishek Mazumder as Head – ANAROCK Creative Agency (ACA) Mumbai, 27 April 2021: ANAROCK Creative Agency, the creative wing of leading independent property consultancy ANAROCK, today announced that it has joined hands with Mumbai-based content, creative, experiential and marketing strategy agency The Think Tank (ttte.agency).       Its Founder & C...

Andheri as one of the most sought after residential locations in western suburbs

Metro connectivity, the biggest X-factor for Andheri’s realty growth Andheri is one of the largest areas of Mumbai that possesses many gated communities, luxury apartments and commercial spaces. The location offers excellent connectivity, good social infrastructure and a walk to work culture which is the main reason for its rapid growth. Thus, there is no denying that Andheri is certainly one of t...