Shriram Properties Signs JDA For Prime Land In Chennai

12 Feb 2025 CW Team

Shriram Properties Limited, a mid-market and mid-premium focused residential real estate developer in South India, has signed a Joint Development Agreement (JDA) to develop prime land at Koyambedu, a prominent micro market in Chennai's urban renaissance, offering strategic advantages and economic vibrancy. SPL envisions developing an iconic residential project in this prime micro-market of Koyambedu, Chennai. The project offers excellent connectivity, with a Metro station, railway station, and essential infrastructure facilities in proximity. This project acquisition is integral to SPL's pursuit of accelerated growth whilst remaining asset light. The project will further fortify its strong pipeline and support growth momentum. Murali Malayappan, CMD of SPL, said, "This investment aligns with our asset-light strategy to drive accelerated growth. Chennai presents a promising market with immense potential for established brands like Shriram. This micro market is well established and a hotspot of prime developments. We look forward to its launch in early next financial year and remain committed to delivering top-notch quality and utmost customer satisfaction".

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..