RHI Magnesita's Strategic Investment in India Amid Global Economic Slowdown

28 Nov 2023 CW Team

In a bold move amid a challenging global economic landscape, RHI Magnesita, a prominent player in the refractory industry, is making substantial investments in India. This strategic decision is poised to fortify the company's resilience and tap into India's burgeoning industrial sector. The refractory giant's commitment to India goes beyond financial considerations. It reflects a forward-looking strategy, positioning RHI Magnesita to harness the potential of India's robust industrial growth. By investing in a key outlier market, the company aims not only to expand its footprint but also to diversify its operations strategically. This move aligns seamlessly with RHI Magnesita's broader vision for sustainable expansion and increased market presence. By navigating through global economic headwinds, the company not only safeguards its interests but also contributes to India's industrial development.

Infrastructure Transport

14 Oct 2025

Versova–Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova–Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north–south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the envi..

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..