India is shifting from buying to leasing forklifts

31 Jul 2025 CW Team

- Rushabh Vora, Co-Founder and Managing Director, SILA

SILA, India’s leading real-estate platform, has forayed into electric material handling equipment (MHE) rental solutions through a strategic partnership with Nilkamal, marking its expansion into the manufacturing and warehousing sectors. With over 15 years of operational expertise, a workforce of 30,000+, including 1,000+ trained equipment operators and operations spanning 125+ cities, SILA is well-positioned to transform how Indian businesses approach logistics and equipment management. Founded in 2010 by brothers Rushabh and Sahil Vora, and backed by Norwest Venture Partners, SILA manages over 250 million sq ft and has advised on real-estate transactions worth over Rs 160 billion. Speaking to CW, Rushabh Vora, Co-Founder and Managing Director, shares the rationale behind the company’s move into EV MHE, how its operational strengths are being deployed, and where the business is headed next...

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Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..