Avigna leases one million sq ft industrial warehouse in Tamil Nadu

04 Jun 2021 CW Team

Business conglomerate Avigna Space Industrial and Logistics Park has leased one million square feet of industrial warehouse space to three different companies in Hosur Park, Tamil Nadu.

The company has handed over 58,000 sq ft to the multinational manufacturer of home appliances, Whirlpool, marking Avigna's first venture with a Fortune 500 company.

They've also given 2.54 lakh sq ft to consumer supply chain company Stellar Value Chain and 3.44 lakh sq ft to online mattress brand Wakefit, as well as a 2.69 lakh sq ft grade A built-to-suit facility for them.

Avigna Group is planning a pan-India expansion and is currently constructing warehousing space of 1 million sq ft each in Chennai (TN) and Nellore (Andhra Pradesh), 2 million sq ft in Madurai (TN) and 3 million sq ft each in Hosur (Tamil Nadu) and Hoskote (Karnataka) The Avigna Group plans to expand its operations in Farrukhnagar in Haryana, Bhiwandi in Mumbai, Kolkata and Jaipur.

Image Source

Also read: IndoSpace to invest $300 mn to acquire land in warehousing

Also read: Warehouse and logistics hub could be set up near Jewar Airport

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..

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..

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 ..