Mahindra Lifespace, Actis Partner to Develop Chennai Industrial Park

06 Aug 2024 CW Team

Mahindra Lifespace Developers and Actis have established a joint venture platform called 'Ample Parks' to focus on the development of industrial and logistics parks, with their first project covering 70 acre in Chennai. According to a company statement, Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have officially launched Ample Parks, which is an Indian industrial and logistics real estate developer and operator.

The joint venture, Ample Parks, plans to acquire and develop approximately 1.5 million square metres of greenfield and brownfield sites in key Indian markets over the next few years. Its goal is to become a leading provider of industrial and logistics real estate solutions for both global and local corporations.

Actis holds the majority stake in the joint venture, while Mahindra Lifespace holds a significant minority stake. The platform is supported by an experienced management team, with Akash Rastogi appointed as Chief Executive Officer.

The venture has completed its initial acquisition of a prime 70-acre industrial land parcel within Mahindra World City in Chennai, where it plans to develop an integrated industrial and logistics park featuring institutional-grade buildings. Amit Sinha, Managing Director and Chief Executive Officer at Mahindra Lifespace, remarked that the launch of Ample Parks represents a major milestone in their commitment to developing sustainable and world-class industrial infrastructure in India.

Mahindra Lifespace's development portfolio includes 37.95 million square feet of completed, on-going, and forthcoming residential projects across seven Indian cities, as well as over 5,000 acre of on-going and upcoming projects under development or management in its integrated developments and industrial clusters across four locations.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..