Infosys Leases Major Office Space in Gujarat's GIFT City
Infosys Limited has leased 103,000 square feet of office space in Gujarat’s GIFT City for a monthly rent of Rs 5.73 million, marking a strategic expansion into India’s only operational International Financial Services Centre (IFSC). The 10-year lease, signed for the PRAGYA-2 building in Gandhinagar, began in October 2024 and includes annual rent escalations of 5 per cent.The new development centre spans four floors (14 to 17) and can accommodate around 1,000 employees. Infosys will pay Rs 55 per sq ft per month on the chargeable area and Rs 108 per sq ft on the 53,020 sq ft carpet area. Th..
Rs 64 Billion Boost for Rail Links in Three States
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major railway infrastructure projects worth Rs 64.05 billion (approximately USD 770 million), aimed at enhancing connectivity and freight capacity across Jharkhand, Karnataka, and Andhra Pradesh.The approved projects involve the doubling of the Koderma–Barkakana and Ballari–Chikjajur railway lines, extending the Indian Railways network by 318 kilometres. These upgrades are expected to significantly reduce rail congestion, improve operational efficiency, and strengthen the logistics n..
Hindustan Copper To Invest Rs 20 Billion In Expansion
State-run Hindustan Copper Ltd (HCL) will invest approximately Rs 20 billion (USD 240 million) over the next five to six years to expand its mining operations, primarily at its flagship Malanjkhand Copper Project (MCP) in Madhya Pradesh, according to Chairman and Managing Director Sanjiv Kr Singh.This capital expenditure forms part of the company's broader plan to triple its annual ore production capacity from 4 million tonnes to 12.2 million tonnes by the 2030–31 financial year. The investment will be funded entirely by HCL and excludes separate revival efforts for the Rakha and Chapri mine..
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