Sunteck Realty Incorporates Astrica Realtor

10 Mar 2025 CW Team

Sunteck Realty Limited (SRL), one of India’s leading luxury real estate developers, has announced the incorporation of a wholly owned subsidiary, Astrica Realtors Private Limited (ARPL), on 7th March 2025. The newly formed entity will focus on construction, real estate, and allied activities, reinforcing Sunteck’s commitment to expanding its city-centric development portfolio.

The company has acquired 100% of ARPL’s share capital by subscribing to 10,000 equity shares, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000. Sunteck Realty confirmed that this transaction does not fall under related party transactions, and none of its promoters, promoter group, or associated companies have any stake or interest in ARPL.

Sunteck Realty has established itself as a key player in the luxury real estate segment, with a strong portfolio spanning 52.5 million square feet across 32 projects. The company’s financial performance has shown remarkable improvement, reporting a consolidated net profit of Rs 425 million in Q3 FY25, a significant turnaround from a net loss of Rs 973 million in Q3 FY24. Revenue from operations also witnessed a robust 281.06% year-on-year growth, reaching Rs 1.61 billion in the December 2024 quarter.

Despite the positive developments, Sunteck Realty’s stock ended 0.96% lower at Rs 397.05 on 7th March 2025. The incorporation of ARPL is expected to further strengthen the company’s position in the real estate sector, driving future growth and expansion.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..