RITES Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to provide comprehensive consultancy support across major infrastructure and industrial sectors. The agreement covers feasibility studies, detailed project reports, project management, bid management, and third-party inspection. It extends to transport, ports, waterways, power, water systems, buildings, and industrial infrastructure. The partnership is expected to strengthen project planning and execution while helping the state attract new investment and improve long-term development outcomes.Read more

Karnataka's government has announced an infrastructure investment of over INR 1 lakh crore for Bengaluru to strengthen urban mobility, business, and technology infrastructure. Major initiatives include a 40?km twin tunnel project costing INR 42,500 crore, a 41 km double-decker metro at INR 18,000 crore, a 110 km elevated corridor for INR 15,000 crore, 320 km of buffer roads at INR 5,000 crore, a SkyDeck at INR 500 crore, and a 74 km Bengaluru Business Corridor for INR 27,000 crore. Plans also include a second airport, a new NRI Secretariat, and a 9,000 acre AI City near Bidadi.Read more

NBCC (India) Ltd has successfully sold 609 residential units in Greater Noida (West) through an e-auction, fetching INR 1,070 crore. The units come from the Aspire Leisure Valley and Aspire Centurian Park projects, part of the Supreme Court-directed initiative to complete stalled Amrapali projects. Delhi-based AU Real Estate acquired the selling rights, buying 462 units in Aspire Leisure Valley and 147 units in Aspire Centurian Park. The sale marks progress in delivering 38,000 flats to homebuyers, with AU Real Estate launching the project at INR 7,979 per sq ft for Aspire Leisure Valley.Read more

Waaree Energies is under investigation by Income Tax authorities in India while also facing scrutiny in the US over alleged solar import duty evasion. The Gujarat-based solar company has assured full cooperation with the ongoing Indian investigation. Its US subsidiary, Waaree Solar Americas, operates a 1.6 GW module manufacturing plant in Texas, which is being expanded to 3.2 GW. The developments have impacted market sentiment, with Waaree Energies shares dropping over 4 per cent on the BSE, while its other key units also saw moderate declines in share prices.Read more

House of Swamiraj is set to invest INR 230 crore in housing projects across Delhi-NCR and Goa, with INR 200 crore directed to a Yamuna Expressway development and INR 30 crore to a Goa project. Both projects are scheduled for launch within the current fiscal year and will feature smart homes with modern technologies. The company previously signed a INR 180-crore agreement to develop a residential project on a 2,000-square-metre plot in Thane West, highlighting its strategy to expand into fast-growing residential markets.Read more

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance Ltd, has outlined plans to scale up its presence in Telangana as part of its wider South India expansion strategy. The company, which entered the Emerging Business segment two years ago, aims to disburse INR 120-150 crore over the coming year in the State. Executives indicated earlier this week that the Chennai-based lender has already grown this segment to over 50 branches, largely across Tamil Nadu, and now intends to diversify beyond its home market. Management highlighted opportunities among Tier 3 and Tier 4 entrepreneurs and in affordable housing.Read more

Ramky Infrastructure Limited reported steady growth in its Q2 and H1 FY25-26 results, driven by operational efficiency, strong project execution, and new order inflows. Consolidated revenue reached INR 4,716 million with EBITDA at INR 1,399 million and PAT at INR 756 million. Standalone results showed similar growth trends. The company secured a major INR 2,085 crore HMWSSB water project, expanding its order book beyond INR 9,000 crore. With a nil debt balance and healthy cash flow, Ramky is well-positioned for sustainable growth in industrial infrastructure, water management, and urban solutions.Read more

ACME Aklera Power Technology, a subsidiary of ACME Solar Holdings, has secured INR 47.40 crore as compensation for regulatory changes affecting a 250-MW solar project in Rajasthan. The ruling by RERC allows additional revenue of 3.5% over 15 years, covering customs duty, GST increases, and carrying costs. The compensation will be paid via an annuity mechanism at a 9% discount rate, ensuring project economics remain stable. This decision reinforces regulatory certainty, supports investor confidence, and highlights ACME Solar's extensive renewable energy operations, including 2,918 MW operational capacity and 4,472 MW under construction.Read more

Ganesh Infraworld reported a substantial rise in its consolidated net profit earlier this week, with earnings increasing to INR 18.1 crore for the September quarter, supported by a sharp surge in revenues. The company had recorded INR 7.1 crore in profit during the same period in the past financial year. Revenues more than doubled to INR 210 crore, reflecting strong operational momentum. The firm stated that the quarter had been particularly strong, aided by a healthy order book. It is also preparing to commence two water and sewerage treatment projects in Jammu & Kashmir in the coming months.Read more

Adani Group has announced plans to invest more than INR 1 lakh crore in Andhra Pradesh over the next decade, expanding across ports, cement, energy, data centres and advanced manufacturing. This is in addition to the INR 40,000 crore already invested in the state. At the Andhra Pradesh Investor Summit, Karan Adani detailed the Group's USD 15 billion Vizag Tech Park vision with Google, which will create a green-powered hyperscale data-centre ecosystem and the tech giant's largest AI hub outside the United States. He praised the state's leadership and highlighted Andhra Pradesh's role as a gateway for India's future growth. The Group's existing operations have already generated over one lakh jobs.Read more