Bansal Wire expands production capacity in Uttar Pradesh

One of the largest steel wire producers in the country, Bansal Wire Industries (BWIL), has expanded the production capacity at its facility in Uttar Pradesh. The firm has expanded the capacity to 6 lakh metric tonnes per annum (MTPA) at an estimated investment of Rs 550-600 crore.

BWIL also announced the inauguration of its largest cutting-edge facility in Dadri, with a current production capacity of 3.6 lakh MTPA. It incorporates sustainable practices, including solar power and rainwater harvesting, reinforcing the company's commitment to green manufacturing.

Also Read: Plaza Wires Ltd plans expansion, to raise Rs 71 crore

    Homeland launches new mixed use project in Mohali

Real estate developer Homeland Group has announced the launch of a mixed-use project- Homeland Global Park in Mohali. Spread over 15 acres, the project would comprise a premium mall with India’s largest indoor arena for live performances and entertainment events, luxurious serviced apartments, high-end retail, and boutique offices with large IT floor plates covering approximately 5 million sq ft. 

Also Read: Tribeca signs pact to develop mixed use project in Pune

    MEDA floats tender for solar projects in Maharashtra

Maharashtra Energy Development Agency (MEDA) has floated a tender inviting bids for the cumulative capacity of 1.4 MW grid-connected rooftop and ground-mounted solar projects. These projects would be located at Gadchiroli, Bhandara, Chandrapur, and Nagpur districts.

As per the tender, the scope of work involves the survey, design, fabrication, supply, installation, testing, and commissioning of the grid-connected solar projects. The tender also covers a 5-year comprehensive maintenance contract. 

Also Read: Renewable energy project worth Rs 8,000 crore planned by Essar Renewables

    Accor in partnerhsip with Sukhani Ventures to launch new hotels in Jaipur and Ranthambore

French multinational hospitality firm Accor has joined hands with a real estate firm, Sukhani Ventures, to launch 2 new hotels in Rajasthan. One of the hotels would be Raffles Ranthambore, an ultra-luxury 63-villa resort, which is slated to open by mid-2027. 

The other is Sofitel Legend Sukh Bagh Jaipur, a large property in Jaipur that will have 300+ keys and is expected to launch in late 2028. 

Also Read: InterGlobe, Accor, in talks with Treebo for a master franchise deal

    Macrotech buys 10 land parcels to develop housing projects

Real estate firm Macrotech Developers has acquired 10 land parcels last fiscal year. The firm plans to develop housing projects on this land with a total sales value of nearly Rs 24,000 crore. The land acquisition is done across MMR, Bengaluru, and Pune.

Also Read: Macrotech Developers to aqcuire land parcel from Unichem Laboratories in Mumbai

    Sathlokhar Synergys bags order worth over Rs 219 crore

Sathlokhar Synergys E&C Global Limited has bagged an order worth Rs 219.22 Crore from former Sri Lankan cricketer Muthiah Muralidaran's firm Ceylon Beverage Can Private Limited. The order is for the execution of civil work, PEB, MEP, processing pipeline work, coordination for Plant & Machinery, and Solar work.

Also Read: RPP Infra Projects bags order for water conveyance system

    Zolo to sell student accomodation business to Good Host

Coliving space solution provider Zolo has decided to sell its student accommodation business to Good Host Spaces Management Services. The deal is done for Rs 107.8 crore, and the transaction will be a mix of cash and debentures, with 90% of the consideration payable in cash.

The remaining 10% will be paid in the form of optionally convertible dentures (OCDs).

Also Read: Zolostays launches new Hotel project in Bengaluru

    HDFC Capital plans to invest Rs 1,500 crore in partnership with Eldeco to build home in small towns

 Real Estate Private Equity Investment Manager HDFC Capital has plans to invest Rs 1,500 crore in Eldeco Group's upcoming 18 residential projects across tier II-III cities with a total revenue potential of about Rs 11,000 crore.

HDFC Capital and Eldeco's partnership aims to develop over 10 million square feet of housing in towns like Panipat, Rudrapur, and Ludhiana.

Also Read: Purvanchal projects, Eldeco among firms buying housing plants near Noida Airport

    Bajel Projects bags order worth Rs 400 crore from PGCIL

Power infrastructure firm Bajel Projects Ltd has bagged an EPC order worth Rs 400 crore from Power Grid Corporation of India Ltd (PGCIL). Kurnool-IV Power Transmission Ltd awarded the project, which involves building a 765kV double-circuit line from the Kurnool-IV substation to the Kurnool-III Pooling Station (PS).

The length of this transmission line is around 250 ckm.

Also Read: Bajel Projects bags order from Adani Energy Solutions

    NBCC Greater Noida auction: Government owned firm sells 560 residential units

Ministry of Housing and Urban Affairs firm NBCC Ltd has sold 560 housing units in Greater Noida through e-auction for Rs 1,153 crore. As per NBCC, the units were auctioned at Aspire Leisure Park, Greater Noida West. 

In a statement, NBCC said that it the amount would be used to mitigate the fund requirement of ongoing projects, including bank loan payments.

Also Read: NBCC Sells Office Space At Nauroji Nagar In Auction