Nexus Select Trust to acquire Vega City Mall in Bengaluru for Rs 8.7 billion

UltraTech Expands Cement Capacity in West Bengal

UltraTech Cement has increased its grinding capacity at the Sonar Bangla facility in West Bengal by 0.6 million tonnes per annum (MTPA). This expansion aims to meet the growing demand for composite cement in the eastern region while improving the company’s blended cement ratio. With this addition, UltraTech’s total domestic grey cement manufacturing capacity has risen to 166.31 MTPA. The company has also expanded its global footprint, adding 5.4 MTPA overseas, bringing its total cement production capacity to 171.71 MTPA. This move strengthens UltraTech’s market presence and supports its ..

India Builds 101,900 km of National Highways Since 2014

Since April 2014, India has constructed and developed approximately 101,900 km of National Highways (NHs). The average annual highway construction during 2014-2024 has increased by about 130% compared to the previous decade (2004-2014). Currently, 1,366 NH projects, spanning around 32,366 km, are under construction across the country, including in Chhattisgarh, Rajasthan, and the North-Eastern states. These projects are in various stages of completion and are expected to be finished in phases by the financial year 2028. All NH construction follows government-mandated standards, including those..

Motherson, Sanko Form Joint Ventures for Sustainable Packaging

Samvardhana Motherson International Ltd. has partnered with Japan’s Sanko Co. Ltd. to develop sustainable packaging solutions in India and Europe. The joint ventures will operate through subsidiaries in India and Hungary, aiming to enhance material handling efficiency and cost-effective logistics. Motherson’s subsidiary SMGCL will hold a 51% stake in the Indian venture, while SMRC Automotive Holdings Netherlands will control 51% of the Hungarian unit. Sanko will own the remaining 49% in both. The Indian unit starts with an initial capital of Rs 500,000, while the Hungarian venture begins ..