Elan Awards Rs 8.4 Billion Contract to Tata Projects

30 Jan 2026 CW Team

Real estate developer Elan Group has awarded a construction contract worth Rs 8.4 billion to Tata Projects for a premium residential development in Gurugram, strengthening its collaboration with the infrastructure major on large-scale housing projects.

Tata Projects will execute construction works for Elan Group’s newly launched luxury project, Elan The Statement, located in Sector 49, Gurugram. The development spans around six acres and will comprise 230 high-end apartments, positioning it as a flagship residential offering within the company’s portfolio.

Elan Group plans to invest approximately Rs 16 billion in the project, underscoring its strategic focus on upscale residential real estate in key urban markets. The project is expected to combine advanced engineering standards with premium design and construction quality.

Commenting on the development, Rakesh Kapoor, Chairman of Elan Group, said that projects of this scale require strong technical expertise and proven delivery capabilities. He highlighted that Tata Projects’ engineering depth, reliability and technical competence align with Elan Group’s commitment to delivering long-lasting, high-quality residential developments.

Elan Group’s portfolio currently includes 15 residential, commercial and hospitality projects, with a cumulative built-up area of around 25 million square feet, reflecting its growing presence in India’s real estate sector.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..