MIDC and Ramky Unit Sign Concession for Life Sciences Park
Maharashtra Industrial Development Corporation has signed a concession agreement with Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited (RIL), to develop a high-tech pharmaceutical park at Dighi Port Industrial Area in Raigad. The project will follow a public-private partnership under a DBFOT model and has an estimated cost of Rs 30 billion (Rs 30 bn). The concession will run for 95 years, including a five-year construction phase, with MILeS City responsible for development and management. The development will occupy approximatel..
BuzzWorks Leases Hyderabad Office to MyComplianceOffice
Brigade Group’s managed workspace provider BuzzWorks has leased 550 seats at Mindspace Business Park in Hyderabad to Dublin based MyComplianceOffice, in what is the company’s largest office in India. With this signing, BuzzWorks' total leased office space in Hyderabad stands at zero point one one million (mn) square feet. The new premises will house core functions including product engineering, product management, customer success and global operations. Artificial intelligence enabled compliance technology initiatives will also be part of the local delivery model. BuzzWorks will provide wo..
Jindal Stainless Flags Operational Strain From Middle East Crisis
Jindal Stainless warned that the Middle East war crisis has affected its operations because of dependence on industrial gases such as propane and LPG and on natural gas. The scrap-based production route used by the stainless steel maker does not generate blast furnace or coke oven gases internally, unlike the conventional steel industry. Several plant processes have been adversely impacted and production is being run at rationalised capacity. Disruptions in global shipping routes have resulted in vessel diversions, longer transit times and cargo delays, adding pressure to supply chains and to ..
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