NCLT Approves Oberoi Realty's Acquisition of Nirmal Lifestyle

13 Aug 2024 CW Team

The National Company Law Tribunal (NCLT) has approved Oberoi Realty's acquisition of Nirmal Lifestyle Realty. This significant move is set to reshape the real estate landscape by integrating Nirmal Lifestyle?s assets with Oberoi Realty's portfolio.

Key Details:

NCLT Approval: The approval from the NCLT clears the way for Oberoi Realty to acquire Nirmal Lifestyle Realty, enabling the completion of the transaction and integration of assets.

Strategic Acquisition: The acquisition is a strategic step for Oberoi Realty, expanding its real estate portfolio and strengthening its market position. This move aligns with its growth strategy and aims to enhance its presence in key real estate segments.

Asset Integration: The integration of Nirmal Lifestyle's assets is expected to bring added value to Oberoi Realty's existing projects and introduce new opportunities for development and investment.

Market Impact: The deal could influence the real estate market by consolidating resources and expertise, potentially leading to new project launches and increased competitiveness in the sector.

Future Prospects: The acquisition positions Oberoi Realty for further expansion and growth, contributing to its strategic objectives and enhancing its capability to deliver large-scale real estate projects.

Overall, the NCLT's approval of Oberoi Realty's acquisition of Nirmal Lifestyle Realty marks a significant milestone in the real estate industry, promising to bolster Oberoi Realty's market position and project capabilities.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..