Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp

21 Nov 2022 CW Team

Pune-based Kolte Patil Developers (KPDL) has raised Rs 2.06 billion from Marubeni Corporation, Japan, for its upcoming residential project in Pune’s Pimple Nilakh micro market. Under the agreement, Marubeni Corporation will be entitled to 2.85 lakh sq ft of saleable area.

KPDL will receive this amount in a single tranche, providing further liquidity to the company to invest in business development.

“This investment will help fast-track our business development goals. We believe that this association with a leading global organisation of repute once again highlights our organising capabilities and governance standards,” said Yash Patil, joint managing director of KPDL.

The Pimple-Nilakh residential project, one of the priority launches in Kolte-Patil’s premium luxury segment portfolio, has a total development potential of around 8 lakh sq ft.

“We believe Kolte-Patil’s strong ability to understand and execute on projects and their reputation built over decades of successful customer engagement will help us to consolidate our presence in the Indian real estate market. We look forward to this association to jointly create home spaces that improve the liveability quotient for a large number of people in India,” said Noritake Miyaguchi, general manager, Overseas Real Estate Business Dept, Marubeni Corporation.

Kolte Patil has developed and constructed over 50 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of around 23 million sq ft in Pune, Mumbai and Bengaluru.

Infrastructure Energy

01 Jul 2025

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..