GNFC Awards Rs 3.6 Billion Ammonium Nitrate Plant Order

30 Dec 2025 CW Team

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has awarded a contract to Toyo Engineering India Private Limited for the installation of a new 480 tonnes per day, or 163,200 tonnes per annum, Ammonium Nitrate–II plant on a lump-sum engineering, procurement and construction (LEPC) basis. The order, valued at about Rs 3.6 billion, will be executed using process technology and licensing from Spain-based INCRO, S.A.

With the adoption of INCRO’s technology, GNFC is set to expand its existing ammonium nitrate production capacity by approximately 94 per cent. The company said the investment will strengthen its position in the domestic market, support the government’s “Make in India” initiative, and reinforce its commitment to environmental conservation through the adoption of modernised and efficient downstream operations.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..