GOCL to sell 264 acres in Kukatpally for Rs 34.02 bn

29 Mar 2024 CW Team

GOCL Corporation (GOCL), a firm under the Hinduja Group, announced that it had signed an initial agreement with Squarespace Builders, a Hyderabad-based company, to commence the strategic monetisation of about 264.50 acres of valuable land situated in Kukatpally for a sum of Rs 34.02 billion.

Furthermore, the agreement entails the development of 32 acre of land under a Joint Development Agreement (JDA), in partnership with Hinduja Estates, which is now known as Hinduja Healthcare (HHL), as stated by the company.

It was mentioned that this process would be completed over a period of 18 months in carefully planned stages, subject to the fulfillment of any associated conditions. The company stated that the first installment under the agreement would amount to Rs 5.20 billion.

The company also stated that it had initiated the immediate sale of 12.50 acres out of the 32 acres covered by the JDA.

According to GOCL, "As part of the first phase, the company will receive a payment of Rs 5.20 billion, out of which Rs 1.60 billion will be for the sale of 12.50 acre."

Furthermore, it was added that the remaining funds would be provided to the company gradually through subsequent transactions in the future.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..