Mahindra Lifespace and Actis Form JV for Chennai Logistics Park

06 Aug 2024 CW Team

Mahindra Lifespace Developers and Actis have announced a joint venture to develop a state-of-the-art industrial logistics park in Chennai. This collaboration aims to address the growing demand for high-quality logistics infrastructure in the region.

The new park will be strategically located to enhance connectivity and operational efficiency for businesses in the area. It is set to feature modern amenities, including advanced warehousing facilities, transportation infrastructure, and sustainable design elements.

This partnership marks a significant investment in Chennai?s industrial real estate sector, underscoring the region's growing importance as a logistics and manufacturing hub. The development is expected to attract major corporations and enhance the area's economic landscape.

Mahindra Lifespace, a leading player in the real estate sector, brings its expertise in sustainable development, while Actis, a prominent investor in emerging markets, adds its investment acumen and regional experience. Together, they aim to create a premier logistics facility that meets the evolving needs of the industry.

The project is anticipated to generate significant employment opportunities and contribute to the region?s economic growth. As the logistics and industrial sectors continue to expand, this joint venture represents a strategic move to support Chennai?s infrastructure development and economic advancement.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..