MICL Group Receives IOD For Pali Hill Redevelopment

04 Mar 2026 CW Team

The managing director described Pali Hill as a legacy neighbourhood with enduring demand and premium positioning that attracts influential personalities and is widely regarded as a billionaire's row. He added that the company intends to position the redevelopment as a benchmark ultra-luxury address within that exclusive corridor. The statement indicated confidence that the inherent demand dynamics will support strong sales momentum.

The receipt of the approval marks an important regulatory milestone and the residential site has been fully vacated to permit demolition and subsequent construction. The project will undergo remaining statutory approvals and the company plans a formal launch in the coming quarter. Development will be carried out through Atmosphere Homes LLP, an associate in which MICL Group holds an approximately 34 per cent stake.

The project carries an estimated sale potential of Rs five billion (bn), positioning it as a high-value residential scheme in the Pali Hill micro-market. MICL Group holds an approximate 34 per cent stake in the associate that will execute the project and expects the development to contribute to long-term value creation for stakeholders. Man Infraconstruction reported consolidated total income of Rs 12.31 billion (bn) and net profit of Rs 2.83 billion (bn) for the year ended 31 March 2025 and remained net cash positive at consolidated level as on March 2025. The company said its integrated EPC and real estate operations, supported by decades of execution experience, underpin its capability to deliver this redevelopment.

Man Infraconstruction Limited has received the intimation of disapproval from local municipal authorities for the redevelopment of Virgo CHS Limited at Pali Hill in Bandra West, Mumbai. The notice marks a key administrative clearance for the ultra-luxurious project promoted by MICL Group, a real estate arm of the company. The company stated that the development is situated in one of the city's most established luxury residential micro-markets. The managing director described Pali Hill as a legacy neighbourhood with enduring demand and premium positioning that attracts influential personalities and is widely regarded as a billionaire's row. He added that the company intends to position the redevelopment as a benchmark ultra-luxury address within that exclusive corridor. The statement indicated confidence that the inherent demand dynamics will support strong sales momentum. The receipt of the approval marks an important regulatory milestone and the residential site has been fully vacated to permit demolition and subsequent construction. The project will undergo remaining statutory approvals and the company plans a formal launch in the coming quarter. Development will be carried out through Atmosphere Homes LLP, an associate in which MICL Group holds an approximately 34 per cent stake. The project carries an estimated sale potential of Rs five billion (bn), positioning it as a high-value residential scheme in the Pali Hill micro-market. MICL Group holds an approximate 34 per cent stake in the associate that will execute the project and expects the development to contribute to long-term value creation for stakeholders. Man Infraconstruction reported consolidated total income of Rs 12.31 billion (bn) and net profit of Rs 2.83 billion (bn) for the year ended 31 March 2025 and remained net cash positive at consolidated level as on March 2025. The company said its integrated EPC and real estate operations, supported by decades of execution experience, underpin its capability to deliver this redevelopment.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..