ESR Group acquires 27-acre Chennai land for Rs 2.76 billion

18 Jun 2024 CW Team

ESR Group announced the acquisition of an additional 27 acre of land to expand its existing industrial and logistics park at Oragadam in Chennai. With this acquisition, the ESR Oragadam Industrial and Logistics Park now spans 107 acre, offering a development potential of 2.5 million square feet.

According to a statement released on Monday, the company emphasised that the Rs 2.76 billion investment reflects ESR's commitment to strengthening Tamil Nadu's industrial landscape.

The ESR Oragadam Industrial & Logistics Park is strategically positioned in the Oragadam-Sriperumbudur cluster, an area experiencing strong demand growth for Grade A assets.

The latest expansion follows the successful development of the first two phases of ESR Oragadam, which have attracted several high-profile clients including CUBIC, A2Mac1, and CCL.

Abhijit Malkani, CEO of ESR India, described the expansion in Oragadam as a crucial step in supporting Tamil Nadu's aspiration to emerge as a key industrial hub. He characterised the project as surpassing traditional Grade A industrial buildings.

Malkani stated that by enhancing the supply chain with modern infrastructure, ESR Group aims to facilitate advanced manufacturing and logistics capabilities for its customers and communities.

He further elaborated that ESR is developing an ecosystem prioritizing innovation and environmental responsibility, integrating green building practices and sustainable infrastructure into their designs to enable efficient operations while reducing environmental impact.

ESR Group is recognised as the leading new economy real asset manager in the Asia-Pacific region and one of the largest globally listed real estate investment managers. Its integrated fund management and development platform spans across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, with additional presence in Europe and the US.

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..