Mindspace REIT Reports Strong Q1 FY26 with 24% NOI Growth

06 Aug 2025 CW Team

Mindspace Business Parks REIT (NSE: MINDSPACE | BSE: 543217), a leading owner and developer of Grade A office spaces in India, has announced strong results for the quarter ended 30 June 2025. The REIT reported a 24.2 per cent year-on-year increase in Net Operating Income (NOI) to approximately Rs 616 crore, supported by robust leasing activity, increasing rents, and high occupancy levels. Committed occupancy reached 93.7 per cent, while gross leasing totalled approximately 1.7 million sq. ft.

Mindspace REIT declared a quarterly distribution of approximately Rs 353 crore, with a Distribution per Unit (DPU) of Rs 5.79, marking a 14.9 per cent year-on-year growth. The trust also concluded its first third-party acquisition outside its core portfolio with the Rs 512 crore purchase of Q-City in Hyderabad, now rebranded as ‘The Square, 110 Financial District’.

Infrastructure Urban

30 Aug 2025

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..