NBCC Eyes Acquisition of Supertech's Pending Projects

16 Jul 2024 CW Team

NBCC (India) Ltd has shown interest in taking over all pending projects of Supertech Ltd, a move that could potentially reshape the landscape of the real estate sector. This development comes amid ongoing challenges faced by Supertech in completing its projects and delivering homes to buyers.

The proposal by NBCC aims to alleviate concerns among homebuyers and creditors associated with Supertech's stalled projects. It reflects NBCC's strategic intent to leverage its expertise and resources in reviving and completing these projects, thereby safeguarding the interests of homebuyers and enhancing trust in the real estate market.

Supertech, a prominent player in the real estate industry, has been grappling with financial and regulatory issues, impacting the progress of its ongoing projects. NBCC's potential intervention could provide a viable pathway for resolving these challenges and ensuring timely delivery of homes to buyers who have invested in Supertech's properties.

The acquisition proposal is expected to undergo thorough scrutiny and regulatory approvals to ensure transparency and safeguard the interests of all stakeholders involved. NBCC's track record in executing large-scale projects and its status as a public sector enterprise bring credibility to the potential acquisition, offering renewed hope for resolution in Supertech's project completion saga.

Overall, NBCC's interest in taking over Supertech's pending projects signals a proactive approach to addressing the real estate sector's ongoing challenges, aiming to restore confidence among homebuyers and stabilise the market environment.

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..

BorgWarner Expands AWD Supply Partnership with Chery

BorgWarner has announced multiple new contracts with Chery to deliver its latest All-Wheel Drive (AWD) technologies, including the torque-on-demand transfer case with mechanical lock (Mlock TOD) and its sixth-generation Cross Wheel Drive (Gen VI XWD) system. Mass production is set to begin in 2027, marking a significant expansion of the long-standing collaboration between the two companies.“This collaboration leverages BorgWarner’s broad product portfolio and technical expertise to support Chery’s growth in China and global markets,” said Isabelle McKenzie, Vice President of BorgWarner..

K2 Infragen Appoints Vikas Lakhanpal as Whole-Time Director

K2 Infragen has announced the appointment of Vikas Lakhanpal as Additional Director (Executive) and Whole-Time Director for a five-year term, subject to shareholder approval. The appointment reinforces the company’s strategic focus on leadership excellence as it advances its growth, operational capabilities, and innovation-driven transformation. Lakhanpal will lead the company’s Supply Chain function and play a key role in strengthening operational performance across all project domains.With nearly 30 years of global experience in supply chain management, operations, and business leadershi..