Lodha Group plans alliances for Rs 150-bn development projects

27 Jul 2022 CW Team

The Lodha Group’s listed entity Macrotech Developers expects to enter into alliances to undertake development projects with a combined gross development value of Rs 150 billion in the current financial year.

The company has already entered into three such partnerships in the June quarter to develop projects spread over 5.1 million square feet, with a gross development value of nearly Rs 62 billion.

“On the back of the strong attractiveness of our brand to land owners and therefore a robust pipeline of JDAs (joint development alliances), we expect to add new projects with a combined GDV of around Rs 150 billion in FY23,” said Abhishek Lodha, managing director and chief executive of Macrotech Developers.

Macrotech Developers has reported 190% on-year growth in net profit adjusted for foreign exchange for the quarter ended June at Rs 3.55 billion on the back of a 194% rise in pre-sales at Rs 28.14 billion.

The developer has recorded a 53% rise in collections at Rs 26.16 billion with 67% increase in revenue from operations at Rs 26.76 billion.

The company’s London investments continue to be on track towards repatriation of investment starting this financial year, helping strengthen cash flows.

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..