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Sundream Group to Invest ₹250 Cr in Anthurium Business Park 2nd Phase

the second phase of Anthurium Business Park in Noida

The Sundream Group plans to invest ₹250 crore in the second phase of Anthurium Business Park in Noida, Uttar Pradesh, during this financial year. This investment is in addition to the ₹250 crore already invested in the project's first phase. Construction for the second phase has commenced, reflecting the company's expansion plans and commitment to shaping Noida's real estate landscape.

Situated in Sector-73, Anthurium Business Park offers world-class infrastructure tailored for office spaces to meet the needs of the next-generation workforce. The park is also equipped with AI-ready technology to enhance operational efficiency.

Published: 22 April 2024

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Indian Construction Equipment Industry Witnesses 26% Sales Growth

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment (CE) industry has recorded a 26% increase in overall sales volume for FY 2023-24, surpassing

Ind-Ra Maintains Neutral Outlook for Construction Sector for FY25

India Ratings and Research (Ind-Ra) has reaffirmed a neutral outlook on the construction sector for FY25, while highlighting a deteriorating sub-sector outlook for roads engineering, procurement, and construction (EPC).

Max Estates Seals Deals for Residential Development Worth ₹9,000 Cr

Max Estates has finalized binding agreements for a potential group housing residential development spanning 18.23 acres of land in Gurugram. With an estimated gross development value (GDV) surpassing ₹9,000 crore, this project covers

Manitou Handling Your World

Kuehne+Nagel India launches e- vehicles to decarbonise its road services

Kuehne+Nagel has partnered with Magenta Mobility to provide electric vehicles (EVs) for its road logistics operations in India. “As part of our Roadmap 2026 and Vision 2030 to become the most trusted supply chain partner supporting

ArcelorMittal Reports Strong 2024 First Quarter Earnings

ArcelorMittal unveiled its first-quarter earnings for 2024, showcasing improved performance driven by rebounding volumes and increased steel spreads. Adjusted steel shipments surged by 5.0% in the first quarter of 2024 compared

SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA

According to a report by ICRA, the introduction of Small and Medium REITs (SM REITs) regulations could potentially unlock a monetisation opportunity of ₹68,000-71,000 crore for small office spaces. Rajeshwar Burla, Senior

Max Estates Secures ₹388 Cr Investment from New York Life

Max Estates Limited, the real estate arm of the Max Group, unveiled a significant strategic investment of ₹388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Under the agreement, upon

Jindal Stainless announces ₹5400-cr investment strategy

Jindal Stainless has unveiled a comprehensive investment strategy totalling nearly ₹5,400 crores, aimed at expanding its melting and downstream capacities, alongside strategic acquisitions, with the goal of positioning itself

Dalmia Transport selects Roadzen’s DrivebuddyAI to enhance fleet safety

Roadzen Inc., an insurance technology company, has announced that Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations for five years.

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KEC International Secures Diverse Orders Worth ₹1,036 Cr

KEC International Ltd., an RPG Group Company and a prominent global infrastructure EPC major, has announced the acquisition of new orders valued at ₹1,036 crores across its various business segments. These orders encompass a wide range

Construction Pace Expected to Slow in FY25, Says CareEdge Ratings

According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Although the construction pace for National Highways saw a healthy increase

DBF and KVB Partner for Rural Youth Skill Development

Dalmia Bharat Foundation (DBF) and Karur Vysya Bank (KVB) have signed an MoU to empower rural youth through skill development. The initiative aims to train 400 individuals across Tamil Nadu, Andhra Pradesh, and Karnataka, offering

bauma Conexpo India 11 - 14 Dec 2024

Rockwell Automation to Open New Manufacturing Facility in Chennai

Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, has announced plans to establish a new manufacturing facility in Chennai, India. Spanning 98,000 square feet with provisions

Construction sector entities’ revenues to grow by 12-15% in FY25: ICRA

ICRA anticipates the construction industry in India to sustain a robust revenue growth trajectory in FY2025, projecting a year-on-year growth of 12-15% following an impressive 18-20% revenue growth in FY2024. The Government's emphasis

Caterpillar Unveils Largest Track Loader: Cat 973

Caterpillar Inc. has launched its largest track loader yet, introducing the groundbreaking Cat 973 to the heavy equipment industry. This machine represents a significant milestone in equipment evolution, establishing a new

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Simplex Castings Selected as Manufacturing Partner for TsNIIchermet

Simplex Castings Ltd., a leading manufacturer of castings and engineering solutions, has been chosen as the preferred manufacturing partner for TsNIIchermet in Russia. Under the partnership, Simplex Castings Limited and ADJ

IRCON Secures Rs 1,200 Cr Railway Project in Joint Venture

IRCON announced securing a railway project valued at about Rs 1,200 crore through a joint venture. The project, awarded by East Coast Railway, involves the construction of the Kottavalasa-Koraput Doubling Project from Shivalingapuram

Bullet Train Project to Include Sabarmati Rolling Stock Depot

The Sabarmati Rolling Stock Depot, a cornerstone of the Mumbai-Ahmedabad Bullet Train Project, signifies a paradigm shift towards sustainable and efficient infrastructure. Spanning 83 hectares, the depot is the largest of its

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CREDAI MAHA & Disha Foundation Sign MoU to Support Construction Workers

CREDAI Maharashtra, representing organized Real Estate Developers/Builders, and Disha Foundation, a notable non-profit organization, have inked a Memorandum of Understanding (MOU) to bolster social protection for construction

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