Smartworld Developers Awards Rs 5.81 Bn Construction Contract

18 Jul 2024 CW Team

Smartworld Developers has awarded a significant construction contract worth Rs 581 crore to Ahluwalia Contracts (India) Ltd., marking a substantial development in the real estate sector. This contract underscores Smartworld Developers' commitment to advancing its infrastructure projects amidst evolving market dynamics.

The contract entails the construction of a commercial project that aims to enhance urban infrastructure and cater to growing demands in the real estate market. Ahluwalia Contracts, known for its expertise in executing large-scale construction projects, will leverage this opportunity to contribute to Smartworld Developers' vision of creating modern and sustainable urban spaces.

The collaboration between Smartworld Developers and Ahluwalia Contracts highlights a strategic partnership aimed at delivering high-quality infrastructure solutions. The project's scope includes incorporating innovative design elements and sustainable building practices to meet environmental standards and enhance user experience.

By awarding this contract, Smartworld Developers demonstrates its confidence in Ahluwalia Contracts' capabilities to deliver projects of scale and complexity. The construction project is expected to generate employment opportunities and stimulate economic growth in the region, contributing to India's infrastructure development goals.

With a focus on quality, efficiency, and sustainability, Smartworld Developers and Ahluwalia Contracts are poised to set new benchmarks in the construction sector, reinforcing their commitment to excellence and customer satisfaction. The successful execution of this project will play a pivotal role in shaping the future landscape of urban development in India.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..