HCC Completes Major Land Sale Near Mumbai for 95 crore

08 Dec 2023 CW Team

In a notable development in the real estate sector, Hindustan Construction Company (HCC) has successfully completed the sale of a prime land parcel near Mumbai for Rs 95 crore. This strategic move comes as part of HCC's ongoing efforts to strengthen its financial position and streamline its asset portfolio. The land, located in a rapidly developing area, holds significant potential for residential or commercial development, given its proximity to Mumbai's bustling economic hub. The sale attracted multiple bidders, highlighting the continued interest and investment confidence in the region's real estate market. The transaction is expected to provide a substantial boost to HCC's liquidity, aiding in debt reduction and providing capital for future projects. This deal is a reflection of the company's proactive approach to asset management and its commitment to delivering value to its shareholders. Market analysts view this transaction as a positive signal for the real estate market near Mumbai, which has been witnessing increasing demand due to urban expansion and infrastructural developments. The sale is anticipated to pave the way for new growth opportunities in the area.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..