CDSL acquires 2 floors in Mumbai’s Marathon Futurex complex

21 Dec 2022 CW Team

Central Depository Services Ltd (CDSL) has acquired two floors of office space comprising over 46,000 sq ft carpet area in the Marathon Futurex commercial tower in Mumbai’s Lower Parel district for Rs 1.63 billion.

The company has paid stamp duty of Rs 97.90 million for the registration of the deals that took place on December 14.

As part of the deal, CDSL will also get exclusive use of 31 car parking slots in the commercial complex, showed the documents accessed through CRE Matrix, a real estate data analytics firm.

The developer Marathon Nextgen Realty has also launched a commercial tower in Mulund suburb of Mumbai and is planning another commercial tower at Byculla in Central Mumbai through a joint venture with Adani Realty, the listed company said in a regulatory filing.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..