Elan Group Awards Rs8.4 bn Contract To Tata Projects

08 May 2026 CW Team

Elan Group has awarded Tata Projects a Rs8.4 billion (bn) contract to construct Elan The Statement, an ultra-luxury residential development in Sector 49, Gurugram. The project carries a total planned investment of Rs16 bn and is spread across approximately six acres. Construction work has commenced and the contract is among the larger residential construction assignments in the city. The development forms part of Elan Group's portfolio across residential, commercial and hospitality sectors.

The development comprises five towers with residences offering super areas from 4,285 sq ft to 7,270 sq ft. Each tower follows a two-residences-per-core configuration with private lift lobbies, aiming to provide enhanced privacy and circulation efficiency. The project design has been prepared by Benoy of London and landscape planning by SWA Group of California. The scope awarded to Tata Projects covers structural and core works and associated services required to deliver the complex to completion.

Rakesh Kapoor, chairman of Elan Group, said that Elan The Statement embodied the company’s ambition to deliver developments defined by design excellence and engineering strength, and that the start of construction reinforced the group's focus on disciplined execution and timely delivery. He indicated that partnering with Tata Projects was intended to help achieve global benchmarks across the project's planning, construction and handover phases.

Barun Pal Chowdhury, executive vice president and SBU head for buildings and airports at Tata Projects, described the assignment as representing the next generation of luxury developments in Gurugram, where design ambition meets execution rigour. He noted that Tata Projects has a track record of delivering complex, large-scale infrastructure with predictability, precision and safety, and that the company was committed to creating an asset distinguished by scale, quality and reliability.

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..