Alpha Corp to invest Rs 500 cr in 3 projects of Earth infrastructure

24 Jun 2021 CW Team

Real estate developer Alpha Corp Development Private Limited has announced the investment of Rs 500 crore in three stalled projects of Earth Infrastructure Limited following the National Company Law Tribunal’s (NCLT) approval of the real estate developer’s resolution plan.

The NCLT had approved the plan earlier this month, a ray of hope for more than 1,000 homebuyers who have been stuck in the projects since 2015.

According to the NCLT order, the insolvency process had begun in June 2018. Five projects of Earth Infrastructure were stuck. While the NCLT had permitted bidders to submit separate resolution plans for each project instead of asking them to submit one plan for the company.

The chief financial officer of Alpha Corp, Santosh Agarwal, said that the company will need Rs 150 crore to start the project, and for that, we will approach the banks and Special window for funding stalled affordable and middle-income housing projects (SWAMIH) fund. The project is estimated to be completed in the following three to five years.

Earth Copia, Earth Sapphire, and Earth Techone are the three projects which have been taken over by the company.

Earth Copia is a residential project in Gurgaon with more than 600 flats on Dwarka Expressway.

Earth Techone is a commercial project with a development potential of 2 million sq ft on the Yamuna expressway.

Earth Sapphire is a commercial and retail project spread over 1.5 million sq ft, in which almost 60% of the work has been completed.

Image Source

Also read: Nashik real estate sector gains momentum after months of inactivity

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..