Aditya Birla Group to invest Rs 700 cr for paint industries in UP

Vikram Solar Receives SEBI Approval for IPO Worth Up to Rs 15 billion

Solar photovoltaic module manufacturer Vikram Solar has obtained approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The IPO will comprise a fresh issue of shares valued up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the company’s promoters.The company plans to allocate part of the IPO proceeds, specifically Rs 7.93 billion, for investment in its subsidiary VSL Green Power. This investment is intended to support the establishment of a new 3,000 MW solar cell and module manufacturing facility. Ad..

Tesla Leases 24,565 Sq Ft Kurla Warehouse for Rs 240 Mn Over 5 Years

Elon Musk’s Tesla India Motor and Energy has leased 24,565 sq ft of warehouse space at Lodha Logistics Park in Mumbai’s Kurla area for a total rent of Rs 240.38 million over five years, according to property registration documents obtained by CRE Matrix.The documents revealed that the leased area comprises two ground-floor units with a combined carpet area of over 18,000 sq ft and a chargeable area exceeding 24,000 sq ft.The initial monthly rent is stated to be over Rs 3.7 million for the first year, with an annual escalation of 5 per cent, bringing the total rent over the five-year period..

LDA Begins Work on 188-Acre Central Park and Golf Course in IT City

The Noida Authority has announced plans to construct a 400-metre-long circular skywalk at the busy Sector-62/63 intersection, near the Delhi-Meerut Expressway, at an estimated cost of Rs 400 million. This initiative aims to provide a safe crossing for approximately 50,000 pedestrians each day and to ease traffic congestion in the area.Designed to ensure the safety of pedestrians and improve vehicular movement, the skywalk will feature a circular structure with an iron roof for protection against heat and rain. Escalators and lifts will be installed on both ends to enhance accessibility, partic..