An Optimistic outlook for the construction equipment sector in 2022

Concorde Buys Land in Hennur for Rs 5 billion Housing Project

Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. With a total saleable built-up area of approximately 4.25 lakh sq ft, the project carries a Gross Development Value (GDV) of around Rs 5 billion and is expected to be launched in FY 2026–27. The upcoming project will comprise thoughtfully designed 2 and 3 BHK residences, catering to urban homebuyers seeking quality, connectivity, and community. It marks Concorde’s continued expansion in the high-demand North Bengaluru corridor. “This investment underlines our ..

Shree Cement Appoints Jay Mukhopadhyay as Safety Head

Shree Cement, one of India’s leading cement manufacturers, has appointed Jay Mukhopadhyay as its Corporate Safety Head. With over 30 years of experience in Health, Safety & Environment (HSE), Mukhopadhyay brings strong expertise in embedding safety into corporate culture.He has previously led large-scale safety programs and is recognised for driving people-first, compliance-oriented safety systems across industrial operations.At Shree Cement, Mukhopadhyay will spearhead safety strategy across all plants and project sites. His focus will include developing unified safety frameworks, promo..

REC Reports Record Quarterly Profit of Rs 4,451 Crore

REC has reported its highest-ever quarterly profit, with net profit reaching Rs 4,451 crore for the quarter ended June 30, 2025. The Board of Directors approved the standalone and consolidated financial results for Q1 FY26.Key Highlights – Q1 FY26 vs Q1 FY25 (Standalone):• Disbursements rose by 36 per cent to Rs 59,508 crore• Total income increased 13 per cent to Rs 14,734 crore• Net interest income climbed 17 per cent to Rs 5,247 crore• Net profit grew 29 per cent to Rs 4,451 crore• Return on net worth improved by 312 bps to 22.63 per centThe company sustained strong growth across..