Signature Global: Real estate firm Signature Global announced on Sunday that it has sold over 1,000 apartments in its luxury housing project in Gurugram, generating more than ₹3,600 crore. This success is attributed to the robust demand for residential properties, particularly in the luxury segment. In a regulatory filing, the company disclosed that it has achieved pre-launch sales exceeding ₹3,600 crore for its latest premium residential development project, ‘DE LUXE-DXP’, located in Sector 37D of Gurugram.
Reliance Industries: The company, under the leadership of Mukesh Ambani, is planning to venture into pumped storage projects (PSP) for hydroelectric power, with a keen focus on clean energy, according to two individuals familiar with the plans. The company’s subsidiary, Reliance New Energy, is actively searching for suitable locations for these projects, people in the know said.
SJVN: The state-owned power production company announced on Sunday that its subsidiary, SJVN Green Energy, has won a 200 MW solar project in an e-Reverse Auction held by Gujarat Urja Vikas Nigam. The project, which is to be developed on a build-own-and-operate basis, is estimated to cost ₹1,100 crore, according to a company statement.
Tata Motors, Tata Steel: Tata Motors has introduced its new generation of commercial vehicles powered by green fuels. The lineup, which includes Prima tractors, tippers, and the Ultra EV bus, utilizes Liquefied Natural Gas (LNG) and battery electric technologies. These vehicles, unveiled during the Tata Group’s Founder’s Day celebrations in Jamshedpur and presided over by N Chandrasekaran, Chairman of Tata Sons, were handed over to Tata Steel’s delivery partners for transporting steel products and raw materials.
Lupin: Lupin Digital Health (LDH), a platform specializing in digital therapeutics for cardiac rehabilitation, aims to increase its customer base by ten times in the coming year. This growth is expected as the company broadens its reach by entering new cities and partners with additional hospitals, according to Sidharth Srinivasan, CEO of Lupin Digital Health, in an interview.
Vedanta: Parent of Mumbai-based mining giant Vedanta Limited, Vedanta Resources has plans to reduce its debt by as much as $3 billion over the next three years, according to a senior official at an analyst meeting. The company has no plans to roll over its loans in the upcoming years. “Our priority is deleveraging. We plan to reduce Vedanta Resources’ debt by $3 billion in the next three years.
LIC Housing Finance: The company is strategizing to accumulate capital via green bonds in the forthcoming fiscal year, with an objective to fund eco-friendly housing projects. “In the upcoming year, we will explore green financing and utilize the funds for financing green housing projects,” said Tribhuwan Adhikari, Managing Director and CEO of LIC Housing Finance, reported PTI.
Godrej Properties: The real estate developer has finalized agreements to construct a township project in North Bengaluru. The project, which spans across a 62-acre land parcel, will operate under a profit-sharing model. It is expected to provide 5.6 million square feet of saleable area and is projected to have a booking value of ₹5,000 crore. The company anticipates initiating the first phase of development on this land in the forthcoming fiscal year.
