Piramal Invests Rs.5 Bn in Puravankara Projects

19 Apr 2024 CW Team

Piramal Enterprises has made a significant investment of ?5 billion into Puravankara Projects, a renowned real estate developer. This infusion of funds aims to bolster Puravankara's ongoing and upcoming projects, enhancing its capabilities and accelerating its growth trajectory in the Indian real estate market.

The strategic investment underscores Piramal's confidence in Puravankara's vision and potential to deliver high-quality residential and commercial projects. With a focus on innovation, sustainability, and customer satisfaction, Puravankara is poised to leverage this financial backing to further strengthen its market position and expand its presence across key cities in India.

The collaboration between Piramal Enterprises and Puravankara Projects is expected to fuel the development of premium real estate offerings that cater to the evolving needs and preferences of homebuyers and investors. By combining Piramal's financial expertise with Puravankara's industry-leading construction capabilities, the partnership aims to create value for stakeholders and drive mutual growth.

Furthermore, the infusion of ?5 billion into Puravankara Projects reflects Piramal's commitment to supporting the growth and development of the Indian real estate sector. This investment not only provides Puravankara with the necessary capital to execute its projects but also underscores Piramal's strategic focus on backing strong and promising players in the industry.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..