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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..