Adani Expands Engineering Portfolio

25 Nov 2024 CW Team

The Adani family, as part of its $100 billion investment vision for 2030, is intensifying efforts to build an in-house construction and engineering ecosystem. Recent acquisitions of ITD Cementation and PSP Projects are key steps in meeting the demands of its large-scale infrastructure projects.

Major Initiatives: Strategic Acquisitions:

ITD Cementation: A 46.64% stake acquired for ?3,204 crore by Dubai-based Renew Exim DMCC. PSP Projects: Expected to contribute to Adani’s ambitious ventures, particularly in infrastructure, defence, and airports. High-Profile Projects:

Dharavi Redevelopment Ganga Expressway Mega Convention Centre, Mumbai Airport Developments Capital Investments: Adani Enterprises is allocating ?67,000 crore for FY24, prioritizing in-house capabilities to ensure project efficiency.

Leadership Insight: Adani CFO Jugeshinder Singh elaborated on the strategy: "Adani Infra is developing its construction ecosystem to support rising capex and ensure reliable construction across group companies."

Expansion Highlights: Orient Cement Acquisition: 47% stake secured by Ambuja Cements for ?8,100 crore. PSP Projects Growth: Order book expansion anticipated from ?6,500 crore, with involvement in industrial projects at Kandla and Dharavi buildings. Conclusion: The Adani family’s acquisitions reflect a focused approach to creating an integrated construction ecosystem, enabling efficient execution of its expansive projects. These moves fortify its position as a leader in infrastructure development while advancing its long-term growth goals

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..