Adani Group will invest K Raheja Corp. Rs. 1,500 crore for land

18 Jul 2022 CW Team

Two property parcels totaling 92 acres that belong to real estate developer K Raheja Corp will be purchased by the Adani Group for for Rs 1,500 crore.

Both land parcels will be given to AdaniConneX, a data centre joint venture between Adani Enterprises and the US-based EdgeConneX, a provider of worldwide hyperscale data centres.

The majority of procedures and accompanying paperwork have almost all been completed, and the transactions are likely to be completed within the next several weeks.

Adani Enterprises, the parent company of the Adani Group, and EdgeConneX formed a joint venture in February 2021 to build and run data centres across India. The joint venture's main objective is to establish a nationwide network of hyperscale data centres, beginning with the Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.

Also read:
L&T Realty, Ascendas in talks to buy planned office assets
Mahindra Lifespaces launches biophilia-oriented housing in Pimpri

Infrastructure Energy

03 Nov 2025

Bondada Engineering Posts 153 per cent Revenue Growth

Bondada Engineering (BEL), a leading solar EPC and infrastructure company, announced strong financial results for the half-year ending September 30, 2025. The company achieved a 153 per cent increase in consolidated revenue and a 151 per cent rise in profit after tax (PAT) compared to the previous period. Consolidated revenue reached Rs 12.16 billion, with an EBITDA of Rs 1.43 billion and PAT of Rs 925 million. The company’s order book stood at Rs 59.9 billion, ensuring continued growth momentum. The Renewable Energy segment contributed 78% (Rs 9.5 billion) to total revenue, followed by T..

Culture Circle Unveils Insta Ship for India’s Fastest 24-Hour Delivery

Culture Circle, India’s leading hype and luxury fashion app, has unveiled Insta Ship, a groundbreaking 24-hour delivery feature that allows customers to receive their favourite fashion items within a day of placing an order. This marks India’s first-ever 24-hour delivery initiative in the luxury and hype fashion space, setting new standards for speed and customer experience. Insta Ship provides access to a wide range of premium brands such as Nike, Adidas, Yeezy, Jordan, Louis Vuitton, Balenciaga, Dior, and more, allowing fashion-forward consumers to enjoy their exclusive pieces faster th..

Blue Dart Reports Rs 795 mn Profit in Q2FY26 Results

Blue Dart Express has announced its financial results for Q2FY26, posting a profit after tax of Rs 795 million for the quarter ending September 30, 2025. The company’s revenue from operations stood at Rs 15.49 billion. The company continues to strengthen its infrastructure with strategic investments in ground hubs and automation, boosting network scalability, speed, and accuracy. Balfour Manuel, Managing Director, commented, “Our performance highlights the resilience of our business model. We remain optimistic about growth opportunities in India’s logistics sector, supported by rising ..