Dallas Tech Centre to Lease Premises to TCS in Visakhapatnam

03 Dec 2024 CW Team

The works to set up Tata Consultancy Services (TCS) facility in Madhurawada IT SEZ are progressing swiftly, following a proposal from Dallas Technology Centre (DTC) to lease its premises to TCS along with other arrangements. The state industries and commerce department issued a government order regarding this proposal.

DTC has requested an occupancy certificate, permission to sub-lease the premises to TCS, and the allocation of an additional 1,600 sq m at the original rate of Rs 6,720 per sq m.

Previously, the government had allocated Plot No A, measuring 7,774.90 sq m on Hill No 2 in Rushikonda to DTC. The sale agreement was executed on August 12, 2016, with possession of the plot transferred on September 8 of the same year. The company had received four extensions, with the final deadline set for August 9, 2026.

In a letter dated September 21 of this year, the Dallas Technology Centre had outlined plans to facilitate TCS operations, aiming to employ 2,000 IT professionals in Phase I. The current plan, which includes a ground floor plus three additional floors, accommodates only 1,400 employees, requiring additional space. DTC had requested an additional 1,600 sq m from the available 1,909 sq m.

The State Investment Promotion Board (SIPB) reviewed the proposal on November 19, following recommendations from the State Investment Promotion Committee (SIPC) meeting on November 16. After careful deliberation, the SIPB had recommended a special package for Dallas Technology Centre, which was subsequently approved by the government.

The government directed the special chief secretary, principal secretary, and secretaries of relevant departments, including E&F, S&T, power, roads and buildings, infrastructure and investment, industry and commerce (CIP), and finance, as well as associated departments, to expedite the project implementation through their HODs and PSUs.

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..