STLL to invest Rs 2 bn in Bilaspur Mixed-Use Township Development
Real Estate

STLL to invest Rs 2 bn in Bilaspur Mixed-Use Township Development

Sindhu Trade Links (STLL), a company specialising in providing a range of essential services for mining, logistics, transportation, and related activities, has announced its commitment to invest Rs 2 billion in establishing a diverse mixed-use township in Bilaspur, Chhattisgarh. The anticipated revenue potential from this endeavour is estimated to be around Rs 5.5 billion.

Bilaspur is among the selected Indian cities designated for transformation into smart cities through the Smart Cities Mission initiative. The proposed township will span approximately 53 acres, of which the company currently possesses approximately 47 acres of land and has partnered with other entities for an additional 16 acres.

The venture encompasses a blend of residential plotted development, residential group housing, and a retail shopping mall. The entire site offers development prospects totalling 1.5 million sq ft. There is also potential for growth in built-up villas and apartment sales during subsequent phases, in contrast to the initial focus on plotted land sales.

STLL is fully prepared to commence work on this ambitious project within the on-going fiscal year of 2023-24. The official launch of the project is projected to take place in the fourth quarter of this fiscal year, and STLL anticipates generating revenue starting from the subsequent financial year.

Plans for development are in the final stages of preparation and will soon be presented for official approval. The company has successfully obtained a Colonizer License and completed site demarcation. Additionally, STLL is diligently working towards securing the necessary approvals and No Objection Certificates (NOCs) from various government departments.

Sindhu Trade Links (STLL), a company specialising in providing a range of essential services for mining, logistics, transportation, and related activities, has announced its commitment to invest Rs 2 billion in establishing a diverse mixed-use township in Bilaspur, Chhattisgarh. The anticipated revenue potential from this endeavour is estimated to be around Rs 5.5 billion.Bilaspur is among the selected Indian cities designated for transformation into smart cities through the Smart Cities Mission initiative. The proposed township will span approximately 53 acres, of which the company currently possesses approximately 47 acres of land and has partnered with other entities for an additional 16 acres.The venture encompasses a blend of residential plotted development, residential group housing, and a retail shopping mall. The entire site offers development prospects totalling 1.5 million sq ft. There is also potential for growth in built-up villas and apartment sales during subsequent phases, in contrast to the initial focus on plotted land sales.STLL is fully prepared to commence work on this ambitious project within the on-going fiscal year of 2023-24. The official launch of the project is projected to take place in the fourth quarter of this fiscal year, and STLL anticipates generating revenue starting from the subsequent financial year.Plans for development are in the final stages of preparation and will soon be presented for official approval. The company has successfully obtained a Colonizer License and completed site demarcation. Additionally, STLL is diligently working towards securing the necessary approvals and No Objection Certificates (NOCs) from various government departments.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code