02 June 2020

Table of Contents for Ticker Tapes

Ticker Tape-Construction


Realty major DLF plans to unveil its much discussed Rs.1,700 crore ‘Mall of India’ this November.  The company claims that the 2 million sq ft mall will be the biggest in the country. The mall will have over 450 retail units, a seven-screen cinema, and a food court with about 1,000 seats. Apart from the ambitious mall project, the company will also unveil its sixth mall in the Delhi-NCR region by May 2016. The project worth Rs.300 crore is named Emporio and is being developed at Chanakyapuri in Central Delhi.



Tata Steel's Greenfield project at Kalinganagar in Odisha has achieved a major milestone with the start of coke production from its coke ovens. The company is now confident of meeting its deadlines for the commissioning of the first phase of 3 MTPA and rolling out of crude and saleable steel from the plant. Kalinganagar Project is the largest single location greenfield steel project in India having a rated capacity of 3 MTPA in first phase. Various units of plant will start commercial production sequentially. In the first phase, the steel plant will have two coke oven battery, each comprising 88 ovens and having a gross coke production capacity of 1.5 MTPA. With this event, Coke oven gas also will be available, which will be used as fuel for other production units.



The innovative flooring manufacturer, Flowcrete India, has moved its office to a new location in Mumbai to meet the growing demand for specialist resin flooring solutions. Now located in Haware InfoTech Park, in Vashi, Navi Mumbai, the company will be well placed to supply the large number of high-value construction projects currently being planned in the region. The company through its new location aims to complement this strategy for making it easier to work with the Euclid Chemical Company and Tremco, to introduce and share their construction chemicals and waterproofing products. In addition, the company has a dedicated team which promotes the varied product ranges and enhances the overall market share for all the three companies. The company’s Mumbai office is a crucial business arm when it comes to securing major projects with high-profile corporations like the Mumbai International Airport, Godrej, Reliance BKC, P&G, Godfrey Philips, Mondelez International and Hindustan Unilever Ltd.



Engineering major Larsen & Toubro (L&T) has bagged construction projects worth Rs.1,810 crore across its various verticals. The company’s construction arm has secured these contracts in the buildings and factories, buildings and factories, water, power and transportation infrastructure businesses. Of the total contracts achieved, the company’s building and factories division achieved an order worth Rs.740 crore from a leading real estate company to construct a commercial complex in Gurgaon. Scope of work of the project to be completed in 24 months, includes structural, mechanical, electrical and plumbing (MEP), finishes, landscaping and other allied works. In addition, L&T will execute the Telangana drinking water supply project (Phase-II) for the construction of three water treatment plants, 1,700 km of pipeline network, 15 major water storage reservoirs and other associated works.



Arun Muchhala Group, a Maharashtra based developer, has forayed into the luxury hotels segment by unveiling its new project ‘The Byke Suraj Plaza’ in Thane. The Group aims to penetrate the primier economy segment with its recent project. Located at Godhbunder Road, the hotel offers extensive facilities for social events and meetings. Spread over 1,50,000 sq ft, the versatile indoor and outdoor space features state-of-the-art banquet with separate double height ceiling banquet dining area, designed to bring live entertainment and the best of the local destination to business and social gatherings. The project presently involves an investment of around Rs.100 crore. Apart from the project, the realty firm has planned a 4-start property in Vadodara; a 5-star Apartment Studio hotel in Thane and a 5-star spa resort at Lonavla with 100 villas. These projects are expected to be fully completed by 2017.



Hospitality major InterContinental Hotels Group (IHG) plans to launch 47 new properties in India by 2020. The projects planned as a part of the Group’s expansion activities mainly targets the mid-scale segment in India and particularly focuses on establishing its foothold in the tier-II and tier-III cities. IHG currently has 7.24 lakh rooms across more than 4,900 hotels in nearly 100 countries. It operates hotels under three different models –  franchise, manager and on an owned-and-leased basis. The largest part of business globally is under the franchise model.



Experion, a 100 percent FDI funded real estate developer, will be developing a commercial project in association with Milestone Ventures in Gurgaon. To be developed on National Highway-8, the commercial center will be developed over approximately four acres of prime licensed land parcel, and will have a total built-up area of about 40,000 sq m. The twelve storied multi-user commercial development targeted to USGBC (United States Green Building Council) LEED GOLD rating is aimed to offer retail and commercial spaces with all requisite amenities. The project’s unique features include complete recycling of water and solar power generation by Building Integrated Photovoltaics (BIPV) for an energy conscious commercial development.



Havells India, a $1.4-billion fast-moving electrical goods (FMEG) company, has set up its first home appliance manufacturing plant in India. The plant located at Neermrana in Rajasthan will resolve the company’s dependence on imports for equipment for sales of home appliances and will primarily manufacture water heaters. The company has invested Rs.100 crore in the Neemrana plant. With this addition, Havells has twelve manufacturing units in the country, apart from eight abroad. The new plant has a capacity to manufacture 5,00,000 water heaters per annum, although it will initially produce 3,00,000 units a year. Havells is looking to enhance its market share in this segment from the current 10-21 per cent in the next 2-3 years.



Aequs Pvt Ltd, an aerospace parts manufacturer, has opened its new facility in Belgavi district, Karnataka to supply components to France’s Airbus Group. Situated on the 250-acre Aequs Special Economic Zone (SEZ), the facility is dubbed as the country’s largest aerospace machining centre for the Airbus Group.  Aequs also plans to invest $50 million in the aerospace component manufacturing facility over the next five years. The company aims to generate revenue of $75 million annually through the facility. 



Asian Paints plans to make investments worth about Rs.2,300 crore for setting up its new manufacturing plant at Mysuru in Karnataka. The facility is expected to address the company’s long term capacity requirements and meet the evolving customer requirement. The ultimate capacity of 6 lakh kilolitre per annum would be achieved in a phased manner. The company in July, had announced plans to invest Rs.1,750 crore over a period of 12 years to set up a manufacturing facility for paints and intermediates in Andhra Pradesh. The company presently has operations in 19 countries across the world and has 26 paint manufacturing facilities serving consumers in over 65 countries.



KEF Holdings has outlined an investment worth Rs.650 crore for developing its new industrial park project in Krishnagiri, Tamil Nadu. The project planned in two phases is expected to be fully complete by 2016. Work over Phase-I of the project is expected to shortly commence and involves an investment of Rs.390 crore and will employ more than 500 people. Phase-II of the project will be executed by January 2016 with an investment of Rs.260 crore and will provide job opportunities to more than 500 persons. The company after analysing the project’s success plans to replicate the model across India and will establish three additional factories.



Ahuja Constructions in collaboration with JP Infra will be soon unveiling its luxurious residential tower, Atlus, in Mumbai. Being developed at Worli, the project emphasises on contemporary architecture, strong project execution and quality construction. Designed for exceptional living, the project offers pleasurable experience with superlative dwellings bearing in mind both safety and luxury of the buyers. The project comprises 61 flats, with luxurious 3 BHK units, having its own individual lift lobby and a shared floor lobby that respects the privacy of each home.



Acropolis, the largest commercial complex in Kolkata comprising a mall, multiplex, offices and a club is now open for the masses. The facility is spread over nearly 1 million sq ft and is located at Rajdanga on Rash Behari Avenue  The mall having five floors covers 275,000 sq ft parking space for 700 cars over three basement levels, a Shoppers Stop spread across 50,000 sq ft and Mexican multiplex chain Cinepolis that will occupy 35,000 sq ft area. On the third floor will be a 450-seater food court spread across 15,000sq ft. Furthermore, above the mall are 21 floors of offices spread across 350,000sq ft. Indian Oil Petronas, Dalmia Bharat Cement, Jubilant FoodWorks, Panasonic Electronics, Venkatesh Films, Besco, Emtici and Strasenburg Pharmaceuticals are among the firms who have already checked into the offices and are doing up interior fit outs. The facility also has a roof-top sky club for executives that will sport a business lounge, lounge bar, gym, swimming pool, banquet and terrace bar.



Aiming to explore the growing demand for housing units in the realty sector, Piramal Realty, a part of the $5 billion Piramal Group, will be launching six new luxury residential projects in Mumbai. The projects to be developed are three towers of 70 floors each in Byculla, set in 65 acres of land; 16.5 acres of commercial development in Kurla, a 20-storey tower in Worli Seaface, two towers of 60 storeys each in Mulund, and the Thane property which comprises 3 million sq ft. Apart from these, the company recently launched Piramal Vaikunth at Thane near Mumbai, a mixed use complex designed by Chicago-based architectural firm HOK and spread over 32 acres. The company presently has over 10 million sq ft of developments in Mumbai.

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