Shriram Properties Sells Land Parcel in Chennai for Rs 930 million

31 Dec 2024 CW Team

Shriram Properties (SPL) has sold a 3.9-acre land parcel in Chennai to a healthcare and educational group for Rs 930 million. Murali M, Chairman and Managing Director of the company, stated that this transaction is a key part of SPL's strategy to unlock value from non-core land assets and redeploy capital to fund growth initiatives. The land, currently approved for the development of retail space, was owned by SPL through its wholly-owned subsidiary, SPL Shelters. With a focus on residential real estate development, SPL has decided to monetise this land by divesting its equity stake in the subsidiary.

Infrastructure Urban

17 Sep 2025

Sterling Tools Expands into EV Chargers with Rs 4.5 Billion Plan

Sterling Tools Limited, one of India’s leading automotive component manufacturers and the market leader in Motor Control Units, has entered the electric vehicle (EV) segment through its subsidiary, Sterling Gtake E-Mobility Limited (SGEM). The company will now manufacture EV On-board Chargers and DC/DC converters for electric vehicles.SGEM has signed Technology License and Supply agreements with Landworld Technology Co. Ltd., China, to locally produce On-board Chargers, DC/DC converters and Multi-Function Units (incorporating On-board Chargers, DC/DC converters and Power Distribution Units)...

TCS Partners with TWG to Drive Retail’s Digital Transformation

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting and business solutions, has announced a strategic partnership with The Warehouse Group (TWG) to support the next phase of the retailer’s digital transformation journey.Under the partnership, TCS will focus on technology modernisation by streamlining and consolidating platforms and maximising value from existing investments across the end-to-end retail value chain. TCS will assist TWG in building the capabilities and services needed to enhance performance.Leveraging its expertise in technology,..

Invenia Wins Rs 3.6 Billion Contract for PowerGrid Data Centre

Invenia-STL Networks Limited, a leading digital infrastructure and IT services company, announced it has secured a major contract worth over Rs 3.6 billion from PowerGrid Teleservices Limited (PowerTel), a wholly owned subsidiary of the Power Grid Corporation of India Limited (PGCIL), the nation’s largest electric power transmission utility.Under the agreement, Invenia will design, build, commission and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid’s Manesar facility. In addition, Invenia will establish a Disaster Recovery Data Centre ..