MEIL Receives Purchase Order for Nuclear Power Project from NPCIL
Megha Engineering & Infrastructure Ltd. (MEIL) has formally received the Purchase Order for a Rs 128 billion EPC contract from the Nuclear Power Corporation of India Limited (NPCIL) to construct two 700 MWe nuclear reactors—Kaiga Units 5 & 6—in Karnataka. This is the biggest-ever order placed by NPCIL and marks MEIL’s first major step into the nuclear energy sector—a field that will help shape India’s energy future. The order was formally handed over at NPCIL’s Mumbai headquarters to Shri Ch. P. Subbaiah, Director, MEIL (Projects), and his team. It was not just a professio..
Sheth Realty sets Rs 30 billion target for FY26 launches
Mumbai-based Sheth Realty is targeting a topline of over Rs 30 billion in the financial year 2025-2026, driven by planned launches in Borivali, Dombivli, Versova, and Mulund. The announcement follows the success of its debut project, Promont, located near the Sion-BKC Connector, which recorded sales worth Rs 4 billion within nine months of its launch. The company reported that 50 per cent of the project inventory was sold during just 20 per cent of its overall project lifecycle.In January 2025, Sheth Realty and Aakshya Realty secured Rs 1.5 billion in funding from IndusInd Bank to ensure the s..
SAMHI and GIC form Rs 22 billion hotel JV platform in India
SAMHI Hotels and global institutional investor GIC have announced a strategic joint venture to establish an Upscale+ hotel investment platform in India, with an equity investment plan of up to US$300 million. The venture will be launched with five seed assets valued at around Rs 22 billion, located in Bengaluru and Pune.These include Hyatt Regency Pune (301 rooms, plus 22 upcoming apartments), Courtyard by Marriott and Fairfield by Marriott on Bengaluru’s Outer Ring Road (176 and 160 rooms respectively), and Trinity Hotel in Whitefield, Bengaluru (142 rooms), which will be repositioned under..
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