CCI Clears ONGC-NTPC Green’s $2.3B Ayana Deal

13 Mar 2025 CW Team

Vascon Engineers Ltd has officially marked its entry into Mumbai’s real estate market with the launch of ‘Vascon Orchids’, a luxury residential project located in Santacruz (West). Developed through a high-profile redevelopment project on Linking Road, the premium project boasts a total estimated Gross Development Value (GDV) of Rs 3 billion, reflecting its upscale positioning in the micro-market.

The project features 62 premium units offering 2 BHK and 3 BHK apartments spread across three residential wings. Residents will enjoy a wide range of amenities, including a Bocce Ball court, Cornhole game area, and a fully equipped gymnasium, among others. Strategically positioned, the site is situated within 500 meters of the Coastal Road Connector and the upcoming metro station on SV Road, enhancing its connectivity appeal.

Speaking about the project, Siddharth Vasudevan Moorthy, Managing Director of Vascon Engineers, stated, “Vascon Orchids will be a landmark project, and be instrumental in Mumbai’s evolving skyline.”

With an impressive track record of delivering over 225 projects across 30 cities, Vascon Engineers has established a substantial real estate portfolio exceeding 45 million square feet. Backed by nearly four decades of expertise in real estate development, the company is making a calculated move into Mumbai’s luxury housing segment through this ambitious launch.

As Vascon Engineers makes its Mumbai debut, the project is expected to attract significant attention from discerning buyers looking for premium living options in the bustling city.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..