DAKC will be up for sale

25 Jan 2023 CW Team

Reliance Realty Ltd. (RRL) and Campion Properties Ltd. (CPL), two subsidiaries of Reliance Communications (RCom), have begun selling properties, including the Dhirubhai Ambani Knowledge City (DAKC) complex, which housed the bankrupt telco's headquarters.

In a filing, RCom stated, "...the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as "selling companies") have approved initiation of sale process for certain properties owned by such selling companies"—including the DAKC.

Since RCom is their sole shareholder, the bankrupt telco, which is undergoing insolvency proceedings, claimed that both selling companies had informed it of the proposed sale procedure. The selling companies have informed us that the proposed process for finding potential buyers is being started. When the terms of the sale are finalised, they will each approach RCom for the necessary approvals in its capacity as (their) shareholder.

RCom added that despite the fact that the company's resolution professional has discussed the issue with the committee of creditors (CoC), the committee has not yet approved the sale of these properties.

Over the past four and a half years, RCom, Anil Ambani's telecom company, has been going through corporate insolvency resolution. In May of 2018, the business was taken to the bankruptcy courts, and in 2019 it began the Insolvency and Bankruptcy Code (IBC) process.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..