20 Jan 2026

JSW Infrastructure reported an 8.7 per cent year-on-year increase in its consolidated net profit for the December quarter of FY26, supported by higher income and growth in cargo volumes across key ports. The country's second-largest private port operator posted a net profit of INR 364.85 crore for the October-December period, compared with INR 335.62 crore a year earlier. Total income rose to INR 1,409.38 crore, while expenses declined to INR 962.97 crore, aiding profitability. Cargo handled during the quarter increased 8 per cent to 31.7 million tonnes, driven by strong performance at the South West Port and Dharamtar Port. The company also saw an improvement in third-party and domestic cargo volumes, underscoring operational momentum.Read more

20 Jan 2026

Nuvoco Vistas Corp Ltd reported a consolidated net profit of INR 49.37 crore in the third quarter of FY26, marking a return to profitability after reporting a loss in the corresponding quarter of the previous financial year. The improvement was supported by higher cement volumes, improved operational efficiencies, and lower fuel costs. Total consolidated income for the quarter rose to INR 2,704.03 crore, reflecting stronger execution despite uneven demand conditions during part of the quarter. Cement volumes reached a record level for a third quarter, while disciplined cost management helped offset pricing pressures in a competitive market. The company said demand strengthened toward the end of the quarter, supported by improved construction activity, positioning it for a more stable operating environment going forward.Read more

20 Jan 2026

Realty major Lodha Developers Ltd reported a 15 per cent rise in net debt during the October-December quarter of FY26, driven by aggressive land acquisitions to fuel future growth. The company's net debt increased to INR 6,170 crore at the end of the third quarter from INR 5,370 crore in September 2025. Despite the increase, Lodha said its leverage remains comfortably within internal thresholds, with net debt well below its ceiling of 0.5x net debt-to-equity. During the quarter, the Mumbai-based developer acquired five land parcels across the Mumbai Metropolitan Region, Delhi-NCR and Bengaluru, with a combined revenue potential of INR 33,800 crore. The expansion underscores Lodha's strategy to strengthen its project pipeline across key housing markets.Read more

20 Jan 2026

Kalpataru Projects International Limited (KPIL) has completed the sale of its entire equity stake in Vindhyachal Expressway Private Limited to global sustainable infrastructure investor Actis for an enterprise value of INR 775 crore, subject to closing adjustments. The transaction marks a significant milestone in KPIL's asset monetisation strategy and reflects its ability to develop, operate and successfully divest long-term infrastructure assets. Vindhyachal Expressway is a special purpose vehicle that operates an 89.30-kilometre four-lane highway project connecting Rewa and Hanumana on National Highway-7 under a DBFOT toll-based concession from the Madhya Pradesh Road Development Corporation. KPIL said the divestment aligns with its focus on unlocking value from non-core assets while redeploying capital into its core EPC businesses to drive growth and improve returns.Read more

20 Jan 2026

The Uttar Pradesh government has raised development charges for construction projects across more than 30 key cities, including Lucknow, Kanpur, Ghaziabad, Agra, and Varanasi. The hike ranges from a minimum of 50% to nearly 90% in some areas, reflecting rising construction costs, taxes, and inflation. The revised fees must be paid upfront before starting any civil works. Officials said the updated charges, not revised for about a decade, are intended to boost the housing authorities revenue and fund urban infrastructure development.Read more

19 Jan 2026

Bengaluru's Greater Bengaluru Authority has launched an extensive door-to-door survey to identify property owners evading taxes by misreporting property details. Covering 369 wards across the city, surveyors are collecting geo-tagged data, photographs, property dimensions, usage type, and floor details using a mobile application. The information will be cross-verified with satellite imagery and tax records. Notices are being issued to defaulters to recover unpaid taxes. The initiative aims to address a 15% decline in property tax collections and strengthen compliance under the self-assessment scheme, impacting nearly 22 lakh properties in the city.Read more

19 Jan 2026

Puravankara Limited delivered a robust performance in the third quarter of FY26, reporting a 17 per cent year-on-year growth in pre-sales, supported by sustained demand and improved price realisations. The Bengaluru-based real estate developer achieved pre-sales of INR 1,414 crore during the quarter, while customer collections rose sharply, reflecting healthy cash flows and buyer confidence. Over the first nine months of FY26, the company significantly expanded its development pipeline through strategic land acquisitions, redevelopment projects and joint ventures across Bengaluru and Mumbai, with a total estimated gross development value of nearly INR 13,900 crore. Despite some moderation in residential demand during the quarter, Puravankara's focus on high-demand micro-markets, disciplined execution and portfolio expansion helped it maintain growth momentum and strengthen its market position.Read more

19 Jan 2026

Ajmera Realty & Infra India reported sales of INR 1,431 crore in the first nine months of FY26, marking a 72% year-on-year increase. The company saw strong momentum in the third quarter, with bookings of around INR 603 crore and collections of about INR 333 crore. Total collections for the nine-month period stood at nearly INR 787 crore, while sales volume rose to approximately 5.56 lakh sq ft. The performance keeps the developer on track to exceed its full-year guidance of INR 1,600 crore.Read more

19 Jan 2026

The Lucknow Municipal Corporation (LMC) has intensified its house tax recovery drive across several city zones to collect long-pending dues from residential, commercial, and institutional property owners. Enforcement teams sealed and attached multiple properties, leading to on-the-spot collections in some cases. Officials stated that property tax is a key revenue source for maintaining civic services and warned that strict action would continue against defaulters. The drive follows similar measures taken in the past against major public and private entities with large outstanding amounts.Read more

19 Jan 2026

Executive Centre India has received approval from the Securities and Exchange Board of India to proceed with its proposed initial public offering aimed at raising INR 2,600 crore. The IPO will consist entirely of a fresh issue of equity shares, with no offer for sale by existing shareholders. The company plans to use the proceeds mainly to invest in its overseas subsidiaries and for general corporate purposes. Operating across multiple international markets, Executive Centre India has shown steady growth, supported by rising demand for premium flexible office spaces.Read more