CCI Projects to build luxury residential tower in Mumbai

Real estate developer CCI Projects has plans to build a luxury housing tower in the Mumbai Metropolitan Region (MMR). Spread over 6 acres, the project would comprise a 53-storey luxury housing tower. Named Skyleap, the project would house 320 apartments.

The project would take an investment of Rs 700 crores, and the firm anticipates generating over Rs 1,250 crore in revenue.

Also Read: MICL to launch luxury residential project in Mumbai

    New orders worth over Rs 1,000 crores bagged by KEC International

RPG Group firm, KEC International new orders worth Rs 1,016 crore across various business verticals. The Transmission & Distribution (T&D) business has secured fresh/extension orders for the supply of towers, hardware, and poles in the Middle East and the Americas' 400 kV transmission lines in the UAE.

Further Cables and conductors business has secured orders for the supply of various types of cables and conductors in India and the overseas market. KEC bagged orders from its existing clients in the Buildings & Factories (B&F) segment. The firm bagged its first order in the oil and gas segment from the Middle East.

Also Read: Order worth Rs 1,064 bagged by KEC International

    Exide Industries to start production from lithium facility FY'26-end

Battery maker Exide Industries aims to commence production at its lithium-ion cell facility by the end of FY'26. The firm is also in advanced talks with large two-wheeler original equipment manufacturers (OEMs) for such batteries.

Also Read: New Cell Manufacturing Unit Planned By Exide

    Nuclear based power generation initiative: Maharashtra becomes first state to join the initiative

The state government of Maharashtra has become the first state in India to join the Centre's nuclear-based power generation initiative. A Memorandum of Understanding (MoU) in this regard was signed during the day by Maharashtra State Electricity Generation Company Limited (Mahagenco) and the Nuclear Power Corporation of India Ltd (NPCIL).

This initiative aims to provide clean, reliable, and uninterrupted power, crucial for India's economic growth and its 2047 development targets.

Also Read: Odisha government in talks with NPCIL and NTPC for nuclear power plants in the state

    IRB Infrastructure bags order worth Rs 9.270 crore from NHAI

Infrastructure asset, IRB Infrastructure has bagged a package toll operate and transfer (TOT) worth Rs 9,270 crore from NHAI. The firm has received a Letter of Award (LoA) from NHAI for a bundle covering 366 km of the Lucknow-Ayodhya-Gorakhpur corridor on NH-27, and part of the Lucknow-Varanasi corridor on NH-731, for a revenue-linked concession period of 20 years. 

The project is a part of NHAI’s asset monetisation programme.

Also Read: Agra to Gwalior Corridor project: Adani, IRB Infra among bidders for the work

    Syrma SGC to set up PCB plant in Tirupati

Electronics manufacturing firm Syrma SGC has plans to set up a new PCB facility near Naidupeta in Tirupati district. The firm would invest Rs 1,595 crores to develop the unit, which is expected to be India’s largest multi-layer printed circuit board (PCB) manufacturing facility.

Also Read: Merger Agreement Signed Between Syrma And SGS Tekniks, To Create A Rs 1,200 Crore Worth Entity

    Bengaluru tunnel road project: RVNL, Adani Group, among firms to place bids

Special Purpose Vehicle (SPV) of the government of  Karnataka, Bengaluru Smart Infrastructure Limited (B-SMILE) has informed that 4 firms have placed bids for the Bengaluru Tunnel Road Project. The proposed 16.74-km twin tunnel would connect Esteem Mall Junction at Hebbal to Central Silk Board Junction in South Bengaluru.

Bidders for the project are:

• Rail Vikas Nigam Limited (RVNL)
• Adani Group
• Vishwa Samudra Engineering
• Dilip Buildcon Limited

As per B-SMILE, the project will be executed under the Build, Own, Operate, and Transfer (BOOT) model, with a total concession period of 34 years, including construction time. The package will be built into two packages, each spanning 8.748 km. Package 1 covers the stretch from Esteem Mall Junction to Seshadri Road–Race Course Junction, while Package 2 extends from Seshadri Road to Silk Board Junction.

Also Read: Twin tunnel project: B-SMILE floats global tender for work in Bengaluru

    AM Green to setup biorefineries in Andhra Pradesh

Green hydrogen and green ammonia maker AM Green Group signed Memoranda of Understanding (MoUs) worth Rs. 54,000 crore with the state government of Andhra Pradesh. The firm would invest Rs. 44,000 crore in Kakinada (Uppada) to set up a 1-million-tonne-per-annum Green Aluminium Complex in two phases.

The project would comprise one of the world’s largest RFNBO-compliant Green Ammonia facilities of the same scale. Another Rs 10,000 crore would be invested to establish multiple biorefineries of 2G ethanol and a 180 KTPA Sustainable Aviation Fuel plant across Srikakulam, Vizianagaram, and Anakapalli. 

Also Read: ACME wins in country's first ever green ammonia auction

    Hindustan Shipyard signs MoU with Andhra Pradesh government to develop shipyard

Government-owned Hindustan Shipyard Limited (HSL) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Maritime Board (APMB). The MoU is for exploring the development of a greenfield shipyard in the state. 

This collaboration aims to support the Government of India’s Maritime Amrit Kaal Vision 2047 by enhancing the country’s shipbuilding capabilities. 

Also Read: Svitzer signs pact with Cochin Shipyard to manufacture electric tugboats

    Gera Developments to develop wellness centred housing project in Pune

Real estate builders & construction company Gera Developments has plans to develop a housing project in Pune. The project would feature wellness-centric homes and the project would feature 1,000 flats.

The plan is to invest Rs 1,100 crores, and the firm would develop 6 more such projects in the coming years. Spread over 8 acres, the project would be developed over two phases. 

Also Read: Notandas Realty launches new commercial project in Bandra