Nexus Select Trust To Acquire Diamond Plaza Mall, Kolkata

10 Apr 2026 CW Team

Nexus Select Trust has agreed to acquire Diamond Plaza mall in Kolkata for Rs 3.475 billion (bn). The announcement was made on April nine, 2026 and identified the asset as a retail mall in the city of Kolkata. The purchase consideration was specified as Rs 3.475 bn, reflecting the conversion of the amount originally stated in crores. The transaction price was presented in the company statement without further financial breakdown.

The mall will be added to the trust's portfolio of income producing retail assets and is expected to broaden its geographic footprint in eastern India. The announcement noted the acquisition concerns a developed retail property but did not disclose details about gross leasable area, tenant mix or current occupancy levels. Observers said such information is typically necessary to assess potential revenue generation and long term yield from retail properties. Market participants will seek clarity on leasing arrangements and future capital expenditure requirements for the asset.

The transaction will be completed subject to customary approvals, statutory clearances and any third party consents required by law and contractual arrangements. The trust indicated that it will follow statutory procedures and provide updates as the deal progresses. No timetable for closing was specified in the brief notice and the trust did not detail the financing approach for the purchase.

The acquisition occurs amid continued institutional interest in organised retail assets as owners seek stable rental streams and portfolio diversification. Analysts will watch for subsequent disclosures on operating metrics and integration plans that may influence investor assessments of the trust's income profile. Investors will consider the effects on distributable income and portfolio quality when the trust files further disclosures. The trust said it will communicate material developments to stakeholders in due course.

Building Material

11 Jun 2026

Enlight Metals to Expand Raipur Plant Capacity

Enlight Metals has announced plans to expand the production capacity of its Raipur manufacturing facility from around 1,200 tonnes to nearly 4,000 tonnes.The expansion is aimed at strengthening the company’s ability to serve rising demand across industrial, infrastructure and contract manufacturing requirements.Located in Raipur, Chhattisgarh, the facility serves as a key manufacturing hub for Enlight Metals. The planned capacity enhancement is expected to improve supply capabilities, operational efficiency and the company’s ability to handle larger project requirements.The facility includ..

Hindustan Zinc Partners Sulfozyme for Zinc Park Project

Hindustan Zinc has signed a Memorandum of Understanding with Sulfozyme Agro India under its Zinc Industrial Park initiative at Khankhala in Bhilwara district, Rajasthan. The partnership aims to strengthen India’s downstream zinc sector through sustainable metal recovery, resource efficiency and industrial development.Under the agreement, Sulfozyme Agro will establish proposed operations at the Zinc Industrial Park to process zinc-based materials into value-added products for industrial and downstream applications.Hindustan Zinc will support the venture through assured raw material linkage an..

Cortec MCI Technology Restores Croatia Monuments

Cortec’s Migrating Corrosion Inhibitor technology has been used in restoration works for historic monuments in Croatia, including the Church of St Donatus in Zadar and the medieval city walls of Ilok.The Church of St Donatus, one of the most significant pre-Romanesque churches in Europe, is listed in the Register of Cultural Goods of the Republic of Croatia and is under UNESCO protection. The monument required urgent rehabilitation after 3D scanning analysis identified critical issues in the church walls, main structure and roof.The reinforced concrete support structure beneath the roof, ins..