Construction work resumes on 95% of Evergrande's projects

04 Apr 2022 CW Team

China Evergrande Group’s unit told the media that construction work resumed at 95% of Evergrande's projects in the country in late March.

Evergrande resumed its work across 734 developments in China as of March 27, comprising 424 projects that are recovering to normal construction levels.

Evergrande is the most indebted property developer in the world and has more than $300 billion in liabilities. The developer is struggling to repay banks, bondholders, and suppliers and deliver the properties or homes to the buyers, epitomizing a bloated industry as a result of the Chinese government's deleveraging campaign.

Evergrande shall continue to maintain the project construction normally, to deliver the buildings to the owners along with the guaranteed quality and quantity whatsoever.

Since 2021 Evergrande Chairman Hui Ka Yan has pledged several times that their company will resume construction work at full steam to make sure they deliver homes.

In February the chairman Hui Ka Yan informed the staff that he aims to deliver 600,000 apartments in 2022.

With the help of strong support that has been provided by the provincial government, the Pearl River Delta business of Evergrande has worked to accelerate the resumed work and production.

Image Source

Also read: Evergrande to sell Crystal City Project in Hangzhou for $575 mn

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..