Housing Ministry Blacklists Two Companies in Gurgaon

18 Apr 2023 CW Team

Two companies engaged in the disastrous NBCC Green View project in Gurgaon have been blacklisted by the Union Housing and Urban Affairs Ministry, preventing them from working on any projects for the ministry for the next two years.

Additionally, the connected organizations, autonomous organizations, and Central Public Sector Enterprises of the ministry have forbidden Supreme Infrastructure India Ltd and Ramacivil Construction Pvt Ltd from working with them.

Residents of the NBCC Green View building in Sector-37D were asked to leave their units after the IIT, Delhi deemed it dangerous. The National Buildings Construction Corporation (NBCC) told the housing ministry that these two businesses had employed subpar labor, resulting in a subpar structure and creating issues for NBCC homeowners.

The ministry then demanded an explanation as to why the businesses should be prohibited from doing business with it in show-cause notifications. The ministry ordered the companies to be backlisted until March 29, 2025 after receiving answers from these companies, analyzing the NBCC's submissions, and considering the expert committee's recommendations.

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 ..