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INTERNATIONAL TICKER TAPE informed that the sales bookings in the 1 Grosvenor Square project

during the July-September quarter stood at 110 million pounds
(around `1,100 crore) following the relaxation of the restriction on
international travel. The momentum continued in the December
quarter, with the strongest pre-sales of 177 million pounds (around
`1,770 crore) in the December quarter, it added.
With these two-quarters of strong performance, the $225 million

proceeds, well in advance to its scheduled maturity of March
MACROTECH DEVELOPERS SELLS PROPERTIES WORTH bonds are likely to be repaid fully in next 4 months from the sales
2023. Basis the current trajectory, the company expects the project
`1,900 CRORE IN TWO PROJECTS IN LONDON to be fully sold out well ahead of the target of Q4, FY24.
Realty firm Macrotech Developers has achieved sales bookings On the Lincoln Square project, the company said that it has
of around `1,900 crore during the quarter ended December in its achieved pre-sales of 14 million pounds (around `140 crore) during
two projects in London. Mumbai-based Macrotech Developers the third quarter of this fiscal. The project remains on track for a
Ltd (MDL), which is one of the leading real estate firms in India, sell-out over the next 1-2 quarters. Meanwhile, in Indian business,
markets its properties under the Lodha brand. Macrotech Developers’ sales bookings stood at `5,970 crore
Macrotech Developers, earlier named as Lodha Developers, had during the last fiscal. In the current fiscal, the company has set a
made a foray into the London market in 2013 with the acquisition target of around 50 per cent growth in its sales bookings to `9,000
of the landmark MacDonald House at 1 Grosvenor Square in crore. Macrotech is currently developing residential, commercial
prime Central London from the Canadian government for over and warehousing projects in Mumbai Metropolitan Region (MMR)
GBP 300 million (`3,100 crore). The group acquired another site in and Pune only. However, it has recently announced plans to enter
prime Central London, New Court at 48 Carey Street for 90 million the Bengaluru property market to capture the expected rise in
pounds in 2014. Giving further updates on the two projects, MDL housing demand from IT/ITeS employees.

SOMANY CERAMICS LAUNCHES SECOND SOMANY in Nepal making it the third SOMANY GRANDE in the
GRANDE OUTLET IN NEPAL country and 13 overall across different franchise formats.
th
Somany Ceramics Limited, an internationally acclaimed The outlet launch justifies SOMANY’s efforts in becoming
organization, specializing in ceramics and allied products a global giant in the ceramics and bathware sector.
segments, is known to be a leader in design and innovation. Being
a pioneer in the industry and setting high standard for everyone GR INFRAPROJECTS INKS A DEAL WITH LIBERTY
to follow, the company is expanding its footprints in the country WORLDWIDE FZE FOR SALE OF ENTIRE STAKE IN TWO
of Nepal with the launch of SOMANY GRANDE Outlet- Bajra & FOREIGN SUBSIDIARIES
Bajracharya Enterprises Pvt Ltd. GR Infraprojects has entered into Share Transfer Agreements
SOMANY GRANDE Outlet is a plush outlet spreading over 3000 with Liberty Worldwide FZE for transfer of entire ordinary shares
Sq. Ft. and is designed in a way making it stand out from the in two foreign subsidiary companies. These two subsidiaries are
rest. The outlet launch will provide the customers of the brand an - GR Building and Construction Nigeria Limited (GRBC) and GR
opportunity to experience the extensive range of wall and floor Infrastructure Limited, Nigeria (GRIL(N)).
tiles across categories. Therefore, upon completion of the aforesaid transfer, GRBC and
The launch further strengthens the brand’s regional penetration GRIL(N) would cease to be subsidiaries of the Company.

WABAG BAGS BREAKTHROUGH ORDER WORTH ABOUT to 120 Million Gallons Per Day (MiGD) Hassyan Sea Water Reverse
$100 MILLION IN CITY OF DUBAI, UAE Osmosis (‘SWRO’) in the United Arab Emirates (‘UAE’). The order was
VA TECH WABAG a leading pure-play water technology Indian secured from Green EPC (a Utico FZC subsidiary) who is the prime
Multinational Group, has secured an order worth about $100 EPC contractor for this project.
Million towards engineering and procurement activities in relation Dubai Electricity and Water Authority (‘DEWA’) selected Utico FZC as
the preferred bidder to build the SWRO plantand operate it over a
period of 35 years, under the Independent Water Producer (‘IWP’)
model, wherein DEWA will off-take 100% of water from this plant.
The desalination plant is planned to be commissioned in phases
by March 2024 and shall be the largest IWP in Dubai.
The project is in the direction of Dubai’s Clean Energy Strategy
2050 initiative to maximize use of green energy for production of
desalinated water and aims at using solar power to supplement
the power requirement of the plant during day time. This project
supports the vision of HE Sheikh Mohammed bin Rashid Al
Maktoum, Vice President and Prime Minister of the UAE and Ruler
of Dubai, to promote the sustainable development of Dubai.

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