IndoSpace announced the launch of two parks in Tamil Nadu

26 Jun 2021 CW Team

IndoSpace Industrial and Logistics Park Vallam II is located on State Highway 57 and is spread across 50 acres within the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) area. The fully-compliant Grade A park allows businesses to cater to Chennai’s western and southern belts via the Outer Ring Road. The park offers smooth connectivity to Vallam, Oragadam, Irungattukottai and Sriperumbudur.

IndoSpace Industrial and Logistics Park Oragadam III, spread across 68 acres, is located off State Highway 48. The park offers superior connectivity to Chennai city through the Outer Ring Road. It is also close to the established industrial and automobile hub of Oragadam and the Sriperumbudur micro-market.

Both parks will cater to original equipment manufacturers like Yamaha, Hyundai, Royal Enfield, Nissan, Daimler and Foxconn, which are amongst the most prominent industrial entities in these regions.

Rajesh Jaggi, Vice Chairman-Real Estate, Everstone Group, said: “As a pan-India developer, we strive to provide modern logistics and warehousing facilities across strategic and significant locations. The launch of these two parks embodies IndoSpace’s rapid strides towards building a strong foundation for Grade A logistics infrastructure across the country. We focus on providing world-class, compliant and environment-friendly facilities that are designed and built in line with the latest global trends and technology. Last year was significant for us – we entered new markets and expanded in the ones we are in already. We wish to maintain the same momentum this year.”

IndoSpace has a portfolio of 43 million square feet across developed and under-construction projects spanning 41 industrial and logistics parks in nine cities.

IndoSpace is the pioneer and largest investor, developer and manager of Grade A industrial and logistics real estate in India and has taken total commitment to India to above US$ 3.2 billion.

On 23 June, IndoSpace announced the launch of two parks, Vallam II and Oragadam III in Tamil Nadu, with a combined area of 118 acres. The parks will boost IndoSpace’s footprint across strategically significant regions and are a step towards its long-term goal of creating 120 million square feet of modern logistics infrastructure across India. IndoSpace Industrial and Logistics Park Vallam II is located on State Highway 57 and is spread across 50 acres within the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) area. The fully-compliant Grade A park allows businesses to cater to Chennai’s western and southern belts via the Outer Ring Road. The park offers smooth connectivity to Vallam, Oragadam, Irungattukottai and Sriperumbudur. IndoSpace Industrial and Logistics Park Oragadam III, spread across 68 acres, is located off State Highway 48. The park offers superior connectivity to Chennai city through the Outer Ring Road. It is also close to the established industrial and automobile hub of Oragadam and the Sriperumbudur micro-market. Both parks will cater to original equipment manufacturers like Yamaha, Hyundai, Royal Enfield, Nissan, Daimler and Foxconn, which are amongst the most prominent industrial entities in these regions. Rajesh Jaggi, Vice Chairman-Real Estate, Everstone Group, said: “As a pan-India developer, we strive to provide modern logistics and warehousing facilities across strategic and significant locations. The launch of these two parks embodies IndoSpace’s rapid strides towards building a strong foundation for Grade A logistics infrastructure across the country. We focus on providing world-class, compliant and environment-friendly facilities that are designed and built in line with the latest global trends and technology. Last year was significant for us – we entered new markets and expanded in the ones we are in already. We wish to maintain the same momentum this year.” IndoSpace has a portfolio of 43 million square feet across developed and under-construction projects spanning 41 industrial and logistics parks in nine cities. IndoSpace is the pioneer and largest investor, developer and manager of Grade A industrial and logistics real estate in India and has taken total commitment to India to above US$ 3.2 billion.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..