DLF's Chennai Land Sale Fetches Rs 7.35 Bn

18 Mar 2024 CW Team

DLF's subsidiary has successfully sold a 4.67-acre land parcel in Chennai, fetching Rs 7.35 billion in the transaction. This divestment represents a strategic move by DLF to optimise its asset portfolio and unlock value from its real estate holdings.

The sale of the land parcel underscores DLF's focus on capitalising on market opportunities and maximising returns for its stakeholders. The transaction is expected to enhance DLF's liquidity position and strengthen its financial flexibility for future growth initiatives.

The divestment of the Chennai land parcel aligns with DLF's broader strategy to rationalise its land bank and prioritise development projects with higher potential for value creation. By monetizing non-core assets, DLF aims to streamline its operations and focus on core business activities.

The successful sale of the land parcel in Chennai reflects the attractiveness of DLF's real estate assets and the resilience of the Indian property market. Despite the challenges posed by the COVID-19 pandemic, DLF continues to leverage its strong market position to capitalise on lucrative opportunities.

As DLF continues to execute its strategic initiatives, stakeholders anticipate further value creation and growth prospects for the company. The divestment of the Chennai land parcel underscores DLF's commitment to enhancing shareholder value and maintaining its leadership position in the Indian real estate sector.

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..