🏗️ Construction News

ℹ️ Latest construction industry news.

🇮🇳 National News 🌎 International News

🔁 Reset news feed

Waaree Energies raises Rs 1,000 cr in equity funding for capacity expansion
The manufacturer of solar panels will utilise the capital to add another six GW of capacity to the existing capacity of 12 GW.4 GW of cell and wafers with six GW capacity.4 GW.The company is planning backward integration in manufacturing solar cells with a capacity of 5.In the next two years, WEL is expected to have a manufacturing capacity of 20 GW modules, 11.

🔗Projects Today

🇮🇳 India · 🗓️ August 09, 2023 · Construction

WhatsApp Facebook Messenger Linkedin Telegram Twitter

Blackstone in talks with GIC to sell stake in its commercial assets
Likewise, the company signed a JV with Salarpuria Group in 2017, and the projects in Hyderabad which Blackstone has with the Group are Knowledge City, Knowledge Capital, and Knowledge Park.The deal is still in the works and will be contingent on valuations and final pricing.As of now, the company will only sell its stake in some of the projects, and has no plans to leave the JVs.The projects with a leasable area of 26 million sq.Blackstone is in talks with Singapore's sovereign wealth fund GIC to sell a 50 percent stake in some of its commercial assets it holds with the Panchshil Group in Pune and the Salarpuria Sattva Group in Hyderabad.

🔗Projects Today

🇮🇳 India · 🗓️ August 09, 2023 · Construction

WhatsApp Facebook Messenger Linkedin Telegram Twitter

NTT to expand its data centre capacity to 348 MW in India
It would also target entities in the cloud service segment in the country.This comes close on the heels of the opening of the company's hyperscale data centre campus in Chennai last month with its first subsea cable system in the country.The Group also plans merging both NTT and NTT Data’s overseas IT operations as this will help in growing its IT offerings in the country, with capabilities-building in analytics, applications and AI and further synergies expected from the merger.India stands as one of the largest employee bases for the company outside of Japan.The merger was announced in October, 2022, with the combined IT services and infrastructure entity NTT Data Inc will be USD 30 billion in revenue terms.

🔗Projects Today

🇮🇳 India · 🗓️ August 09, 2023 · Construction

WhatsApp Facebook Messenger Linkedin Telegram Twitter

Daimler plans to bring electric buses and hydrogen trucks to India
In the current year, the company plans to address the white areas with 2-3 launches.Under the BharatBenz brand, the firm manufactures and sells trucks and buses in India, and is yet to enter the electric commercial vehicle category.The electric mini-trucks boast the potential to address last-mile mobility needs, particularly in congested cities.As a result, the company could initially launch electric buses, as the country is gearing up to switch to zero-emission vehicles across categories.DICV will invest in both electric and hydrogen fuel technologies, and the development work on the powertrain is already underway in India as well as worldwide.

🔗Projects Today

🇮🇳 India · 🗓️ August 09, 2023 · Construction

WhatsApp Facebook Messenger Linkedin Telegram Twitter

Retail space leasing on an upward trend in India
Key cities of Ahmedabad, Bengaluru and Delhi-NCR accounted for 65 percent of the total share of leasing.As per a CBRE report, retail leasing witnessed a significant hike of 24 percent year-on-year in the first half of 2023, while the total leasing stood at 2.As brands and retailers navigate their expansion plans which augur well for the leasing activity across Grade-A retail space, strategically located retail spaces attract both domestic and international retailers, which fuel the leasing demand, as per the Brahma Group.Growing consumer base, changing demographics, online and offline convergence, and investments in retail infrastructure factor in for the movement towards growth and development.This is expected to boost primary leasing, which could be seen as a key demand driver for retail space leasing in the current year.

🔗Projects Today

🇮🇳 India · 🗓️ August 08, 2023 · Construction

WhatsApp Facebook Messenger Linkedin Telegram Twitter

👀 Most Read

Y-38, Ground Floor, Loha Mandi, Block Y, Naraina Industrial Area Phase 1, Naraina, Delhi, 110028

+91-7217714976

info@steelonclick.in

Quick Links

Support Links

Newsletter