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TICKER TAPE
CONSTRUCTION Trusted for reliability, adaptability and innovation Asian Granite The fourth MORE fund, IREF IV, which reached its final closure in (WATERPROOF, BREATHABLE & DRYING) PLASTERS

UNIQUE HIGH PERFORMANCE WBD
2020, is currently in implementation and to date it has made 16
has created a strong brand identity for Make in India products
and is able to achieve global recognition with exports to 100
investments and secured 5 outflows at an investment level with
plus countries.
an IRR of 20.3%.
Asian Granite India Ltd is one of the largest groups in India
RAMA STEEL TUBES LTD ANNOUNCES CAPACITY
engaged in the manufacturing of tiles, sanitaryware, engineered
EXPANSION OF ADDITIONAL 30,000 MT AT KHOPOLI
marble & quartz, bathware with cumulative production capacity
PLANT, MAHARASHTRA
of 98,000 sq meter per annum.
Fully
Easy
100%
India is the second largest market, as well as producer of tiles
Plaster
in the world. Over the last few years, India is fast emerging as Rama Steel Tubes Ltd (RSTL) has initiated a massive capacity Ready to use Breathable Water-Proof Drying WATERPROOF PLASTER
expansion to the tune of ~30,000 MTPA, at its plant located
the global manufacturing hub of tiles and sanitaryware products at Khopoli, Maharashtra. The expansion is expected to be 100% waterproof, doesn’t allow water
and many developed countries including US, Europe, Middle East completed by the end of Quarter 4 of FY22, post which penetration in heavy rains and can resit
markets in recent past have shown the confidence in Make In commercial production will commence. This additional capacity high hydrostatic water pressure
India products for their requirements. is mainly aimed at expanding the current repertoire of SKUs to
Gujarat has emerged as a one of the major hubs globally for include Special Grade Structural Steel and High thickness Tubes to
ceramic products. The state contributes more than 80% of the cater to the Infra, Automobile and Solar Sectors. The total Capex
country’s ceramic output with an annual turnover in excess of for this expansion will be ~`100 mn and will be funded through
`40,000 crore and over `12,000 crore exports. internal accruals of the company.
DRYING PLASTER
MOTILAL OSWAL REAL ESTATE TO INVEST OVER `1,000 STELLAR VALUE COMMITS `30,000 CR INVESTMENT TO Sucks the dampness and moisture from
CRORE IN PROJECTS BY MARCH END SET UP 200 LOGISTICS PARKS IN 4-5 YRS
Motilal Oswal Real Estate (MORE), the real estate private equity Consumer supply-chain firm Steller Value Solutions is setting up the substrate and dries it out
arm of Motilal Oswal Group in the process of investing more than 200 integrated logistics parks in 50-million sq ft space across 21
`1 billion in residential and commercial real estate projects across major cities with an investment commitment of `30,000 crore in One Step Waterproofing Solution for
the country in the next three months. 4-5 years. The new facilities will cater to the increased demand
The private equity firm has already invested more than `1,200 for warehousing as customers are expecting deliveries of their ▶ Basement Retaining Walls
crore in projects in Mumbai, Bangalore, Chennai, Hyderabad shipments at the drop of a hat, its Chairman and Managing
and Ahmedabad through its investment platform following the Director Anshuman Singh said. ▶ UG Tanks/ STPs BREATHABLE
Covid19 pandemic outbreak. The company, which already has 40 such facilities across the
These investments have been made in the context of a severe country, and opened earlier this week its first warehousing hub ▶ Wet Areas Vapor/ moisture permeable - moisture is
liquidity contraction in the real estate market after the IL&FS crisis. in Punjab, is also aiming to achieve `10,000 crore topline by FY not entrapped, it evaporates easily
This was followed by the pandemic, exacerbating the problem 2026 on the back of an expected higher economic growth, more ▶ External Walls exposed to Heavy Rains
and wreaking havoc on the normal course of business. business shifting to organised sector from unorganised players
MORE has invested funds in projects from Casagrand Group and and new-age economy as well as e-commerce boom, he said.
Radiance Realty in Chennai, Ashwin Sheth Group and Marathon Spread across 6-lakh sq ft space and strategically located on
Group in Mumbai, Puravankara Group, Shriram Properties, Pacifica Banur-Tepla Road, the new warehousing infrastructure offers
Group and Casagrand Group in Bangalore and Phoenix Group built-to-suit options, catering to both domestic and multinational
in Hyderabad. companies from sectors such as FMCG, pharmaceutical, fashion,
The real estate projects are a combination of parcel, villa and retail and e-commerce, consumer durables, food, engineering,
apartment projects in the affordable and middle-income automotive and various industrial sectors.
residential segment in these cities, in addition to a couple of ECMAS WBD Plaster ECMAS WBD -
commercial projects that MORE has invested in through this PRESTIGE GROUP SIGNS CIVIL CONTRACT WITH LARSEN 100% Waterproof ability
platform. AND TOUBRO
The private equity fund has also made 9 outflows worth `800 crore India’s leading real estate developer, Prestige Group, recently
through this platform over the past 18 months. signed a massive civil contract worth `1,560 crores excluding
MORE currently manages four real estate funds and manages GST with premier infrastructure manufacturer and multinational
assets worth around `5,000 crore. MORE’s fifth fund, IREF V, which conglomerate Larsen and Toubro (L&T), for construction of
recently achieved its third close at `1,085 crore, has made five buildings and infrastructure development at the Prestige City,
investments so far. Bengaluru. The contract has been signed between management
Its second fund, IREF II, which reached its final closure in 2015, at Prestige Group by a team ably led by Dr. Rezwan Razack,
has made 14 investments to date and secured 11 outflows at an Managing Director and Mr. Prashanth B. K., AVP - Contracts, High Breathability Excellent Dehumidifying
investment-level internal rate of return (IRR) of 21.3%. The fund has along with the management at L&T. The scope of work involves ability
returned around 135% of the money to its investors. construction of towers and villas, comprising of 6,768 apartments
The third fund of the private equity firm, IREF III, which reached over 39 towers which are average 30 levels high with four club
its final closure in 2017, has made 26 investments to date and houses and 149 villas with club house. The volume of work broadly
secured 10 outflows with an investment level IRR of 22.5%. This involves building structures and finishes for 13 million sft of built ECMAS CONSTRUCTION CHEMICALS PVT. LTD
fund has returned almost 67% of the money to its investors. up area.
Phone: +91 93470 52473 7-4-124 Gaganpahad,
E-mail: info@ecmas.co.in International Airport Road
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