15 Aug 2025

The Ahmedabad Municipal Corporation (AMC) is set to auction seven prime real estate plots across Bodakdev, Ambli, Chandkheda, Gota, and Sola, with a combined base price of INR 447 crore. The auction includes both residential and commercial plots, with the Bodakdev residential plot priced at INR 3.10 lakh per square meter. Two plots previously allocated to government bodies fell through due to price disagreements and missed payment deadlines. This marks AMC's third major auction push in 12 months, following previous auctions in March and August 2024.Read more

15 Aug 2025

Grovy India Ltd achieved a net profit of INR 1.1 crore in the first quarter of the current fiscal, reversing a loss of INR 25 lakh from the previous year's same period. The company's revenue surged from INR 1.3 crore to INR 8.3 crore, driven by ongoing luxury apartment projects covering over 100,000 sq ft in South Delhi. Since its establishment in 1985, Grovy India has completed over 100 projects focused on independent floors, mainly in South Delhi. The company's improved financial health reflects growing demand for premium residential properties in the region.Read more

15 Aug 2025

Puravankara Ltd recorded a consolidated net loss of INR 68.55 crore in the April-June quarter, reversing from a net profit of INR 14.78 crore in the same period last year. The Bengaluru-based realty firm's total income dropped to INR 538.64 crore from INR 675.55 crore year-on-year, reflecting a decline in revenue. Although total expenses decreased slightly from INR 654.41 crore to INR 628.76 crore, it was not enough to offset the fall in income. On a positive note, sales bookings rose by 6% to INR 1,124 crore, while sales volume slipped marginally but the average realisation improved by 9% to INR 8,988 per sq ft, indicating better pricing despite volume pressure.Read more

15 Aug 2025

Genus Power Infrastructure posted a standalone net profit of INR 128.5 crore for the June quarter, over three times last year's INR 40.7 crore, driven by strong revenue growth and operational gains. Revenue rose to INR 942.4 crore from INR 414.2 crore, supported by higher sales volumes and efficiency improvements, despite increased finance costs. Known for smart metering solutions, the company credited the performance to robust execution and rising demand as utilities and industries adopt digital energy management. With government-backed energy efficiency initiatives boosting advanced metering infrastructure, Genus Power continues to strengthen its position in India's smart metering sector.Read more

14 Aug 2025

Kalpataru Ltd reported a substantial consolidated net loss this week INR 49.42 crore markedly higher than the minor INR 0.69 crore loss in the same period last year. Total income dropped notably to INR 456.78 crore, although pre-sales rose sharply by 83 per cent to INR 1,249 crore and collections climbed 37 per cent. A significant factor behind the figures is the project-completion method now used for revenue recognition, leading to mismatched expenses and income. Despite strong demand and pricing, the timing of revenue booking overshadowed operational prospects.Read more

14 Aug 2025

Vikram Solar, a solar module maker, has set a price band of INR 315 to INR 332 per share for its upcoming INR 2,079 crore Initial Public Offering (IPO). The IPO, which will open for subscription on August 19, will include a fresh issue of up to INR 1,500 crore to fund capital expenditure for its subsidiary, VSL Green Power Private Ltd. The remaining amount will be an offer for sale by promoters. This public issue, which reflects Vikram Solar's strong financial performance and growing capacity, is aimed at strengthening the company's position in India's renewable energy sector.Read more

14 Aug 2025

Juniper Green Energy has secured INR 1,739 crore in debt financing from the Indian Renewable Energy Development Agency (IREDA). This funding will support the growth and development of the company and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity. This is the second debt raise for the company in the past year, as it looks to expand its portfolio of solar, wind, and hybrid renewable energy projects, aligning with India's sustainable energy goals.Read more

14 Aug 2025

Weaver Services has completed the INR 267 crore acquisition of Capital India Home Loans Limited, marking its formal entry into the affordable housing finance market. Funded by notable investors including Premji Invest and Gaja Capital, this move supports Weaver's plan to build a tech-driven finance platform focused on self-employed people in smaller towns. The company is prioritizing financial inclusion for women borrowers, who face challenges accessing credit. With this acquisition, Weaver is poised to scale rapidly and contribute significantly to addressing credit gaps in underserved communities.Read more

14 Aug 2025

Mahendra Realtors & Infrastructure Ltd. has launched an Initial Public Offering (IPO) on the NSE Emerge platform, aiming to raise INR 49.45 crore. The company, which specializes in engineering and construction services, plans to use the funds to meet its working capital needs and support business growth. According to Managing Director Hemanshu Shah, this public offering is a key milestone that will allow the company to scale its operations, enhance service delivery, and capitalize on new opportunities in India's growing infrastructure sector.Read more

14 Aug 2025

Rajasthan has introduced a policy allowing businesses to acquire idle and semi-developed industrial land at reduced rates based on basic cost plus minimal charges rather than through auctions. This is seen as a strategy to activate neglected zones and streamline industrial expansion. While business groups appreciate the cost relief and ease of access, they voice concern over potential bias in allotment decisions due to limited transparency. Earlier incentives under RIPS like interest rate rebates, tax exemptions, and sector-specific assistance have already laid a foundation for industrial growth in the state.Read more