IM+ Capitals announces acquisition for new iron ore beneficiation plant in Odisha

10 Jul 2024 CW Team

IM+ Capitals announces the acquisition of approximately 60 acres of land in Odisha. This strategic acquisition is aimed at establishing a Sponge Iron Ore Beneficiation Plant with a capacity of 1.5 million tonne per annum, through a 100% owned subsidiary, Fedders Electric and Engineering.

The new plant is expected to enhance its production capabilities significantly and is slated to be fully operational by March 2025. This expansion aligns the commitment to sustainable growth and value creation for the company.

The company reported a profit of Rs 94.5 crore in the previous fiscal year, reflecting its strong financial performance and robust business model. Establishing the new plant is a testament to ongoing efforts to invest in high-potential projects that drive long-term profitability and market leadership.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..