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India's Ports Plan Rs 10 Billion High-Speed Freight Systems

India’s major ports are accelerating cargo movement through advanced high-speed transport systems aimed at reducing turnaround times and lowering carbon emissions. Two key initiatives are underway at the Deendayal Port Authority (DPA) in Kandla, Gujarat, and the Jawaharlal Nehru Port Authority (JNPA) in Maharashtra.At DPA, an 18-kilometre-long magnetic rail system is being planned to drastically reduce the time taken to transport freight within the port premises. The project is being developed in collaboration with global logistics major DP World and Polish firm Nevomo, known for its experti..

Max Estates Acquires Gurugram Land for Rs 30 Billion Project

Max Estates Limited has secured development rights for a 7.25-acre land parcel in Sector 59, Gurugram, situated along the prestigious Golf Course Extension Road. The company announced in a regulatory filing on 6 September that it will develop a premium residential project on the site, with an estimated booking value exceeding Rs 30 billion.As part of the transaction, the company’s board has approved acquiring full ownership of Base Buildwell Private Limited (BBPL), the special purpose vehicle holding the licence and development rights for the plot. The acquisition remains subject to regulato..

Vedanta Tops Rs 170 Billion Bid for Jaiprakash Assets

The Anil Agarwal-led Vedanta Group has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL), surpassing the Adani Group with a Rs 170 billion bid in a challenge auction conducted by lenders, according to individuals familiar with the matter.With a net present value of Rs 125.05 billion, Vedanta’s offer marks the most substantial recovery plan for JAL so far. However, lenders, who have admitted claims exceeding Rs 590 billion, would still face a haircut of approximately 71 per cent. Despite other shortlisted contenders such as Dalmia Bharat, Jindal Power, and PNC ..