20 Nov 2025

NBCC (India) Ltd has successfully sold 609 residential units in Greater Noida (West) through an e-auction, fetching INR 1,070 crore. The units come from the Aspire Leisure Valley and Aspire Centurian Park projects, part of the Supreme Court-directed initiative to complete stalled Amrapali projects. Delhi-based AU Real Estate acquired the selling rights, buying 462 units in Aspire Leisure Valley and 147 units in Aspire Centurian Park. The sale marks progress in delivering 38,000 flats to homebuyers, with AU Real Estate launching the project at INR 7,979 per sq ft for Aspire Leisure Valley.Read more

20 Nov 2025

Waaree Energies is under investigation by Income Tax authorities in India while also facing scrutiny in the US over alleged solar import duty evasion. The Gujarat-based solar company has assured full cooperation with the ongoing Indian investigation. Its US subsidiary, Waaree Solar Americas, operates a 1.6 GW module manufacturing plant in Texas, which is being expanded to 3.2 GW. The developments have impacted market sentiment, with Waaree Energies shares dropping over 4 per cent on the BSE, while its other key units also saw moderate declines in share prices.Read more

20 Nov 2025

House of Swamiraj is set to invest INR 230 crore in housing projects across Delhi-NCR and Goa, with INR 200 crore directed to a Yamuna Expressway development and INR 30 crore to a Goa project. Both projects are scheduled for launch within the current fiscal year and will feature smart homes with modern technologies. The company previously signed a INR 180-crore agreement to develop a residential project on a 2,000-square-metre plot in Thane West, highlighting its strategy to expand into fast-growing residential markets.Read more

19 Nov 2025

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance Ltd, has outlined plans to scale up its presence in Telangana as part of its wider South India expansion strategy. The company, which entered the Emerging Business segment two years ago, aims to disburse INR 120-150 crore over the coming year in the State. Executives indicated earlier this week that the Chennai-based lender has already grown this segment to over 50 branches, largely across Tamil Nadu, and now intends to diversify beyond its home market. Management highlighted opportunities among Tier 3 and Tier 4 entrepreneurs and in affordable housing.Read more

19 Nov 2025

Ramky Infrastructure Limited reported steady growth in its Q2 and H1 FY25-26 results, driven by operational efficiency, strong project execution, and new order inflows. Consolidated revenue reached INR 4,716 million with EBITDA at INR 1,399 million and PAT at INR 756 million. Standalone results showed similar growth trends. The company secured a major INR 2,085 crore HMWSSB water project, expanding its order book beyond INR 9,000 crore. With a nil debt balance and healthy cash flow, Ramky is well-positioned for sustainable growth in industrial infrastructure, water management, and urban solutions.Read more

18 Nov 2025

ACME Aklera Power Technology, a subsidiary of ACME Solar Holdings, has secured INR 47.40 crore as compensation for regulatory changes affecting a 250-MW solar project in Rajasthan. The ruling by RERC allows additional revenue of 3.5% over 15 years, covering customs duty, GST increases, and carrying costs. The compensation will be paid via an annuity mechanism at a 9% discount rate, ensuring project economics remain stable. This decision reinforces regulatory certainty, supports investor confidence, and highlights ACME Solar's extensive renewable energy operations, including 2,918 MW operational capacity and 4,472 MW under construction.Read more

18 Nov 2025

Ganesh Infraworld reported a substantial rise in its consolidated net profit earlier this week, with earnings increasing to INR 18.1 crore for the September quarter, supported by a sharp surge in revenues. The company had recorded INR 7.1 crore in profit during the same period in the past financial year. Revenues more than doubled to INR 210 crore, reflecting strong operational momentum. The firm stated that the quarter had been particularly strong, aided by a healthy order book. It is also preparing to commence two water and sewerage treatment projects in Jammu & Kashmir in the coming months.Read more

18 Nov 2025

Adani Group has announced plans to invest more than INR 1 lakh crore in Andhra Pradesh over the next decade, expanding across ports, cement, energy, data centres and advanced manufacturing. This is in addition to the INR 40,000 crore already invested in the state. At the Andhra Pradesh Investor Summit, Karan Adani detailed the Group's USD 15 billion Vizag Tech Park vision with Google, which will create a green-powered hyperscale data-centre ecosystem and the tech giant's largest AI hub outside the United States. He praised the state's leadership and highlighted Andhra Pradesh's role as a gateway for India's future growth. The Group's existing operations have already generated over one lakh jobs.Read more

18 Nov 2025

Mindspace Business Parks REIT has accepted bids for its INR 7 billion bond issuance, which carries a five-year maturity and a quarterly coupon of 7.1485%. According to bankers involved in the process, the issue drew commitments worth around USD 79.64 million. Investor bids were invited a day earlier and evaluated before being finalised. Rated AAA by Crisil, the offering includes both a base size and a greenshoe option, reflecting strong demand for high-quality corporate debt. While the REIT did not comment on the development, the successful allotment highlights steady investor interest and supports the organisation's ongoing debt-raising and financial strategy.Read more

18 Nov 2025

GVK Power and Infrastructure, which is currently undergoing insolvency proceedings, reported a consolidated loss for the September quarter, reflecting a significant reduction in income compared with the same period last year. The company, which had recorded a substantial net profit during the corresponding quarter previously, indicated that accumulated losses and delayed or defaulted loan repayments have further strained its financial position. Several of its loan accounts have already been categorised as non-performing by lenders, and multiple insolvency-related actions and legal proceedings are underway across the group's entities.Read more