Building with vision
ECONOMY & POLICY

Building with vision

Mofatraj P. Munot, the visionary founder and industry stalwart behind Kalpataru, has once again made headlines. Under his leadership, Kalpataru's Rs.1,590-crore IPO was fully subscribed and will be listed...

Mofatraj P. Munot, the visionary founder and industry stalwart behind Kalpataru, has once again made headlines. Under his leadership, Kalpataru's Rs.1,590-crore IPO was fully subscribed and will be listed early July. A recipient of the 2024 Construction World Lifetime Achievement Award, Mr. Munot brings decades of deep expertise in civil engineering and infrastructure. His foresight has helped shape Kalpataru into a trusted name with a pan-India footprint across residential, commercial, and township developments. His portfolio also includes Kalpataru Projects International, the infrastructure company which was awarded among the fastest growing construction company in the ultra large category at the 22nd Construction World Global Awards, with an operating revenue of over `190 billion and currently has an order book of `645 billion. In June, the newly secured projects include the company’s largest-ever order in the Building & Factory business involving the development of over 12 million sq ft of residential buildings along with associated infrastructure on a design and build basis.

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Technology

LTTS Partners with Databricks to Advance Industrial AI

L&T Technology Services (LTTS) has entered a strategic partnership with Databricks to co-develop Industrial AI solutions for asset-intensive industries, including energy, petrochemicals, and manufacturing. The collaboration leverages LTTS’ engineering expertise across 600+ major plants with Databricks’ AI and analytics platform to convert operational data into actionable Engineering Intelligence.The partnership will deliver solutions spanning Predictive Asset Reliability, Energy & Emissions Optimisation, Overall Equipment Effectiveness, Production and Quality Intelligence, and Sust..

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Infrastructure Urban

Opptra Partners with Unicommerce to Scale AI-Driven E-Commerce

Opptra, the AI-native e-commerce distributor founded by Flipkart co-founder Binny Bansal, has partnered with Unicommerce to enhance operations across India, the GCC, and Southeast Asia. The collaboration integrates Opptra’s brand expansion expertise with Unicommerce’s AI-led Uniware platform, enabling centralised management of orders, inventory, and fulfilment across warehouses, stores, and sales channels.Opptra retains full commercial ownership of online brand operations, from marketplace strategy and pricing to fulfilment and customer service. Leveraging Unicommerce’s 350+ integrations..

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Real Estate

AHS Properties Acquires Shangri-La Hotel for AED 1.1 Billion

AHS Properties has acquired the Shangri-La Hotel on Sheikh Zayed Road for AED 1.1 billion from Mismak Asset Management, marking one of the largest single-asset real estate deals in recent history. The 43-floor, 200-metre tower, completed in 2003, was among the first five-star hotels on the corridor.This acquisition complements AHS Tower and AHS City, forming a vertical corridor strategy that represents a substantial portion of the developer’s AED 50 billion year-end 2026 pipeline. Founder and CEO Abbas Sajwani described the purchase as a long-term investment in structurally constrained asset..

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