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Arvind SmartSpaces launches new affordable housing project in the heart of Ahmedabad

Arvind Smartspaces, India’s leading real estate development company and part of the Arvind Group of companies, today announced the launch of the first phase of its new affordable project in Ahmedabad called ‘Arvind Aavishkaar’. Located in the heart of the city, the launch also marks the creation of Arvind Smart City at Naroda Road, a hotspot of residential, commercial and retail projects developed by Arvind ...

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Krishnapatnam Port commissions 5 new e-RTGCs

Krishnapatnam Port Container Terminal (KPCT); a deep drafted Container Terminal, on the east-coast of India, announced the commissioning of 5 nos. of Electrical Rubber Tyred Gantry cranes (e-RTGC) further bolstering its container handling capacity in the backdrop of a strong year-on-year container volume growth of 88% in FY 2017-18 An environmentally sustainable growth is one of the key foundations of Krish ...

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HIL goes global in high potential building material segment; set to acquire Parador

HIL, part of the USD 1.8 billion diversified CK Birla Group, has acquired Parador Holdings GmbH, a Germany based, vertically integrated, full-range supplier which designs, manufactures and distributes a wide range of flooring solutions including resilient flooring, laminate and engineered wood floors, wall & ceiling panels, skirtings and related accessories. Parador, with the turnover of €142.2 million, ...

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Brahma Group to invest on projects worth Rs 3,250 cr in Gurugram

Brahma Group, a real estate centric private equity fund plans to invest on projects worth INR 3,250 crores in the real estate sector across a total of 28,66,000 sqft. in Gurugram. This investment will be made over the next 36-40 months in residential, retail and commercial space. “We have adopted a systematic and strategy based investment process which is backed by facts and research. Our investments are ma ...

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EESL signs MoUs with DISCOMs to install 10 Lakh Smart Meters in Haryana

Energy Efficiency Services Limited (EESL), under Ministry of Power, Government of India, has signed two MoUs with UHBVN (Uttar Haryana Bijli Vitran Nigam) and DHBVN (Dakshin Haryana Bijli Vitran Nigam) to install 10 Lakh Smart Meters in Haryana.  The MoUs entail supply and installation of Smart Meters in Gurugram, Faridabad, Hisar, Karnal, Panipat and Panchkula within 3 years in a phased manner. Haryana Chi ...

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T/CCI Manufacturing announces Deepak Upreti new director of sales and marketing for India

T/CCI Manufacturing, a world leader in compressor technology including reciprocating, swash plate, wobble plate, and variable compressor designs, announces Deepak Upreti the new Director of Sales and Marketing for India.  Upreti brings more than 25 years of experience in the A/C and thermal products market, developing strategy, managing operations and cultivating key vendor relationships in India. As the de ...

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At Rs. 23,400 crores, Mumbai captures 40% of private equity investments into office assets in India – Knight Frank India

Knight Frank India, one of the leading International Property Consultants today launched the third edition of their Capital Markets report. Titled ‘Realty Asset Monetisation 2018 – An Overview’ the report deciphers the emerging trends in monetisation of real estate assets.   Key findings of the report: PE investments across debt and equity: PE investments across debt and equity shifted into a new parad ...

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Sterlite Power wins 6 new transmission projects in Brazil

In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly USD 1 bn, securing about 65% of the capex under auction.  While most of Brazil’s power supply historically came from large hydro power plants, renewable energy is coming up to in a big way to replace hydro and meet the rising power demand. This ren ...

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ABB partners with IIT Roorkee to drive smart power distribution

ABB (India Limited) has signed a memorandum of understanding with the Indian Institute of Technology Roorkee (IITR) for technical cooperation to construct an operational smart electricity distribution network and management system (SDNMS) in its campus. This will serve as a pilot project for the Government of India’s Smart Cities Mission. The agreement also includes the creation of a Smart Grids Resource Ce ...

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Aliaxis expands its commitment to India

Aliaxis SA, a global leader in the manufacturing and distribution of advanced plastic piping systems, has agreed to acquire the remaining shareholding of Ashirvad Pipes Pvt Ltd (“Ashirvad”) from the Poddar family, the founders of the company.  This transaction concludes the successful JV between Aliaxis and the Poddar family, created in 2013. Aliaxis is looking forward to building on the solid foundation cr ...

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