Jaypee Infratech acquisition: NBCC, Suraksha to submit revised bids

18 May 2021 CW Team

State-owned National Buildings Construction Corporation Ltd (NBCC) and security firm Suraksha Group, which are in the race to acquire debt-ridden Jaypee Infratech Ltd (JIL), will submit their revised bids.

As per sources, a meeting of the Committee of Creditors (CoC) may be held on May 19 to discuss the bids submitted by both parties under the Corporate Insolvency Resolution Process (CIRP).

In the last meeting of the CoC held on Saturday, financial creditors, which included representatives of homebuyers and lender, discussed their bids and sought several clarifications.

During the meeting, both Suraksha Group and NBCC and were asked to make necessary changes and submit their revised bids. In the fourth round of the bidding process, NBCC is offering up to 1,903 acres, while Surakasha Group has proposed to give 2,651 acres to lenders.

Suraksha group has designated 1,486 acres to dissenting lenders out of the total land parcels offered in the proposal. NBCC has offered an additional 377-acre land in case dissenting financial creditors are not satisfied with its original offer of 1,526 acres, taking its total offer to up to 1,903 acres.

While Suraksha Group will keep Yamuna Expressway, which connects Agra to Noida, with itself, NBCC will transfer over 80% of its stake in the road projects to financial institutions and banks.

Suraksha group has offered to complete around 20,000 pending housing units in 42 months. The company proposed a line of credit of Rs 3,000 crore as working capital for project constructions.

Suraksha group has also given an undertaking that the company will meet any shortfall to the dissenting creditors through the disbursal of more funds or assets.

Image Source

Also read: Bentley systems acquires Chennai-based Nadhi Information Technologies

Also read: Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..