TVS Emerald Acquires 7.18 Acre in Bengaluru for Rs 7 Bn Housing Project

30 Jun 2025 CW Team

TVS Emerald, the real estate division of the TVS Group, has acquired a 7.18-acre prime land parcel near Rayasandra Lake in southeast Bengaluru to develop a premium residential project. The company anticipates the project will generate revenue exceeding Rs 7 billion.

This acquisition marks TVS Emerald’s seventh major land purchase in Bengaluru, underscoring its increasing focus on the city as a key real estate market. The location near Rayasandra has been noted for its strategic advantage due to its proximity to Bengaluru’s IT corridor and ongoing infrastructure improvements, which are expected to drive demand for premium housing in the area.

Details regarding the project’s launch date and configuration have yet to be announced.

Earlier in the year, TVS Emerald acquired a 10-acre land parcel in Sathnur, Bengaluru, with a development potential of 1.4 million sq ft and projected revenue of Rs 16 billion. The company has also acquired two land parcels in Chennai—a 12-acre site on Radial Road and a 4.8-acre parcel in Padur—as well as a four-acre parcel in Thanisandra, Bengaluru.

Overall, TVS Emerald’s ongoing and upcoming projects collectively cover over 8 million sq ft, reflecting the brand’s significant development potential.

News source: Hindustan Times

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..