Prestige Group Acquires 102 Acre in Q1 for Rs 204 Bn Housing Projects

12 Aug 2025 CW Team

Prestige Estates Projects , one of India’s leading real estate developers, has acquired 102 acres of land across Bengaluru, Hyderabad, Chennai, and Mumbai in the April–June quarter of FY26, earmarked for residential developments with an estimated gross development value (GDV) of Rs 204 billion.

The acquisitions include major parcels in Hyderabad (28 acres in Tellapur and 37 acres in Pulimamidi), Bengaluru (10 acres in Poojanahalli–Devanahalli, 7 acres in Kothanuru, KR Puram, and 10 acres in Ittangur, Sarjapura), Chennai (3.48 acres in Velachery), and Mumbai (6.3 acres).

Prestige continues to expand through outright purchases and partnerships, aiming to strengthen its residential portfolio amid robust housing demand.

Financially, the group posted a 26 per cent rise in Q1 consolidated net profit to Rs 2.92 billion, with total income climbing to Rs 24.68 billion. Sales bookings surged nearly fourfold year-on-year to Rs 121.26 billion, driven by strong uptake of its haziabad housing project.

With over 300 completed projects and a pipeline of 140 more, Prestige has set a sales booking target of Rs 270 billion for FY26.

News source: The Hindu

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..