Building a war chest essential for continued expansion: JSW Infra CEO
In preparation for its upcoming initial public offering (IPO), JSW Infrastructure aims to retire debt and fund capital expenditure (capex). ARUN MAHESHWARI, joint managing director and chief executive officer of JSW Infrastructure, in an interview with Amritha Pillay, shares insights into how the company intends to create a war chest to seize future growth opportunities in the sector.

Edited excerpts

Prospects of commercial realty in Tier 2 & 3 cities are promising: Radheecka Rakesh Garg
In an exclusive interview, Radheecka Rakesh Garg, Director of Rajdarbar Realty, talks about the growth prospects of commercial realty in Tier 2 and Tier 3 cities and shares her views on the Gurugram market. Excerpts:

MahaRERA suspends 388 realty projects’ registration for not providing quarterly updates

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of over three 388 projects of real estate developers for not complying with the mandatory update of information related to their projects on quarterly basis.

TulipInfratech to invest Rs 280 crore in phase 2 of Gurgaon project

Real estate developer TulipInfratech will invest Rs 280 crore to develop 350,000 sq ft of residential space, part of phase 2 of its project Tulip Monsella at Gurgaon’s Golf Course road.

Hinduja Group's headquarters in Mumbai to get a makeover

Hinduja Group, the century-old Indian transnational conglomerate, is planning to redevelop its iconic sea-facing corporate headquarters, Hinduja House, in Mumbai's plush Worli locality into a 32-storey tower, said people with direct knowledge of the development.

BHIVE launches its largest, 1.2 lakh sq ft co-working facility in Bangalore’s Central Business District

Flexible and managed office operators Bhive Workspace has leased 1.2 lakh square feet of office space in the central business district of Bangalore as it looks to expand its presence across major cities.

D B Realty raises up to Rs 1,544 crore through convertible warrants
 

Cement companies' green power mix likely to rise to 42 pc by FY25: Report
Cement companies' green power mix is likely to jump to 40-42 per cent by FY25 from 35 per cent in FY23, which will lead to savings of 140-160 basis points by way of lower energy cost, a report said on Monday. Major cement players are looking at reducing their emissions by 15-17 per cent over the next 8-10 years by increasing the share of blended cement, which uses less clinker and, consequently, less fuel, Icra Ratings said in the report.

Bengaluru logistics park agreement signed
The National Highways Authority of India’s (NHAI’s) logistics subsidiary has signed an agreement to develop a 400-acre multimodal logistics park (MMLP) at Bengaluru at a cost of Rs 1,770 crore.The agreement for the park was signed between a Government SPV, Bengaluru MMLP & Concessionaire SPV PATH Bengaluru Logistics Park.

Rising cost of Bharatmala Project pushes NHAI to monetise assets. Can InvIT, TOT help avoid debt?
The asset monetisation plan of the National Highways Authority of India (NHAI) is languishing. In its first two years, only a little over 10% of the INR1.6 lakh crore target has been achieved.

NHAI arm to develop logistics park in B’luru at Rs 1,770 crore
New Delhi: National Highways Logistics Management Ltd (NHLML), an NHAI subsidiary, has signed an agreement for the development of Multi Modal Logistics Park (MMLP) in Bengaluru at an estimated cost of Rs 1,770 crore. The project — to be developed under the public private partnership model — is poised to become the first and largest MMLP to be implemented in the country under the PM Gati Shakti National Master Plan, according to an official statement on Monday. The agreement has been signed between Bengaluru MMLP Pvt Ltd — a government Special Purpose Vehicle (SPV) — and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd.

Improve trains' punctuality during Parliament session: Railway Board to all zones
The Railway Board has sent an email to all its zones asking them "to monitor and improve the punctuality of all mail/express trains" in view of the five-day Parliament session starting from Monday.

Odisha Railway Development: State no longer needs to seek funds from Centre for Railway work, says Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw announced on Sunday that the Odisha government no longer needs to approach the Centre to seek funds for the development of the railway sector. This change comes as a result of the “highest-ever” allocation provided to the state this year.

JSW Infra readies ₹2,800 crore IPO; bidding opens 25 Sep
New Delhi : Port operator JSW Infrastructure Ltd on Monday announced plans for a ₹2,800 crore initial public offering (IPO), the first from the JSW Group in 13 years. The IPO will open on 25 September at a price band of ₹113-119 per share, and will be entirely of new shares.

JSW Infrastructure to set up greenfield port in Odisha with 52 million tonne capacity
JSW Infrastructure is working on setting up a greenfield port in Odisha with a cargo handling capacity of 52 million tonnes that will primarily cater to the requirements of group company JSW Steel’s proposed 8 million tonnes pellet plant in the state.