Eaton Signs Rs 165 Million-a-Month Baner Office Lease
Eaton Technologies, the Indian arm of global intelligent power management firm Eaton Corporation, has signed a 10-year lease for 150,000 sq ft of office space in an IT park in Pune’s Baner area, at a starting monthly rent of Rs 165 million.The agreement, finalised on 3 August 2025, includes 150 four-wheeler and 150 two-wheeler parking slots. The rent, set at Rs 110 per sq ft, will increase annually by 4.5 per cent. Eaton will pay a security deposit of Rs 990 million to lessor Astrope Properties Pvt Ltd. The deal also has a five-year lock-in period and a full-term fit-out lock-in, with fit-ou..
Power Demand Rises 2.4 per cent in July to 154 BUs
India’s electricity demand grew 2.4 per cent year-on-year in July to 154 billion units (BUs), up from 150 BUs a year earlier, driven by buoyant industrial activity, according to a CRISIL report. This marked a turnaround from May and June, which saw on-year declines of 4.8 per cent and 2.3 per cent respectively.The HSBC India Manufacturing Purchasing Managers’ Index (PMI) – a key indicator of industrial activity – rose to a 16-month high of 59.1 in July, from 58.4 in June.Demand in the southern region jumped 11.4 per cent on-year, in line with a 1 per cent rainfall deficit in the South ..
HBL Wins Rs 541.2 Million KAVACH Contract
HBL Engineering Limited has secured a contract worth Rs 541.2 million from the West Central Railway for the survey, design, supply, installation, testing, and commissioning of trackside KAVACH equipment. The project covers the Kota–Ruthiyai section and the Sogaria–Kota "C" section, spanning 166 route kilometres in the Kota division.The scope of work includes erecting towers and associated infrastructure for KAVACH at 18 stations and level crossing gates along the route. The initiative, which includes 18 per cent GST, is aimed at enhancing railway safety through the deployment of this advan..
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