Oberoi Realty Consortium Wins Bid For Juhu Land Deal

17 Jul 2025 CW Team

Oberoi Realty Limited announced on 14 July that the Committee of Creditors (CoC) of Hotel Horizon Private Limited (HHPL) has approved a resolution plan submitted by a consortium comprising Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings. A Letter of Intent (LoI) confirming the consortium as the Successful Resolution Applicant has been issued by the Resolution Professional.

The approved resolution plan entails a payment of Rs 9.19 billion, in addition to any applicable statutory dues, to fully settle outstanding claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. The payment must be completed within 45 days of approval by the National Company Law Tribunal (NCLT), Mumbai Bench.

HHPL owns a premium 7,500 square metre land parcel in Juhu, Mumbai, with sea-facing views of the Arabian Sea. The acquisition is in line with Oberoi Realty’s strategic focus and will be executed either directly or through a special purpose vehicle (SPV) to be formed by the consortium.

As part of the resolution, the consortium or SPV will also subscribe to Rs 10 million in fresh equity shares, thereby taking full ownership and control of HHPL, subject to regulatory and NCLT clearances.

On the BSE, shares of Oberoi Realty Ltd closed at Rs 1,804.55 on 14 July, down by Rs 30.95 or 1.69 per cent.

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..