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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..