NBCC Interested in Taking Over All of Supertech's Pending Projects

15 Jul 2024 CW Team

Supertech, a prominent player in the real estate market, has faced issues related to project completion and financial viability, leading to concerns among homebuyers and regulatory authorities. NBCC's interest in taking over these projects aims to stabilize ongoing developments and ensure timely delivery of residential units.

The acquisition proposal is expected to involve a comprehensive assessment of Supertech's pending projects, including their financial health, completion status, and adherence to regulatory norms. NBCC, known for its expertise in project management and construction, could play a crucial role in revitalizing these projects and restoring confidence among homebuyers.

For homebuyers invested in Supertech projects, NBCC's involvement could potentially mitigate risks associated with project delays and ensure transparency in project execution. The acquisition may also provide a structured approach to resolving legal and financial challenges that have impacted project timelines.

The real estate sector, particularly in the context of pending projects, requires concerted efforts to safeguard consumer interests and uphold industry standards. NBCC's interest in acquiring Supertech's projects reflects a strategic initiative to address these issues and foster a more stable environment for real estate development.

In conclusion, NBCC's potential takeover of Supertech's pending projects represents a significant development in the real estate sector, aimed at mitigating project risks and restoring investor confidence. The outcome of this proposal could have far-reaching implications for stakeholders, shaping the future trajectory of real estate development and consumer protection in India.

NBCC (India) Limited has expressed interest in acquiring all of Supertech's pending projects, signaling a potential resolution to ongoing challenges in the real estate sector. This move comes amidst efforts to address project delays and financial instability affecting homebuyers and stakeholders. Supertech, a prominent player in the real estate market, has faced issues related to project completion and financial viability, leading to concerns among homebuyers and regulatory authorities. NBCC's interest in taking over these projects aims to stabilize ongoing developments and ensure timely delivery of residential units. The acquisition proposal is expected to involve a comprehensive assessment of Supertech's pending projects, including their financial health, completion status, and adherence to regulatory norms. NBCC, known for its expertise in project management and construction, could play a crucial role in revitalizing these projects and restoring confidence among homebuyers. For homebuyers invested in Supertech projects, NBCC's involvement could potentially mitigate risks associated with project delays and ensure transparency in project execution. The acquisition may also provide a structured approach to resolving legal and financial challenges that have impacted project timelines. The real estate sector, particularly in the context of pending projects, requires concerted efforts to safeguard consumer interests and uphold industry standards. NBCC's interest in acquiring Supertech's projects reflects a strategic initiative to address these issues and foster a more stable environment for real estate development. In conclusion, NBCC's potential takeover of Supertech's pending projects represents a significant development in the real estate sector, aimed at mitigating project risks and restoring investor confidence. The outcome of this proposal could have far-reaching implications for stakeholders, shaping the future trajectory of real estate development and consumer protection in India.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..