Category: Business

Chennai (Tamil Nadu) [India], July 18: Sathlokhar Synergys E&C Global Limited (NSE – SSEGL), one of the leading Chennai-based EPC players specializing in integrated infrastructure solutions, has announced the receipt of two significant project orders amounting to a combined value of ₹ 16.44 Cr.

Project 1: Almonard Private Limited

• Client: Almonard Private Limited (Part of Almonard Group, a 50+ year old industrial fan brand)
• Location: Plots No. 39 to 46, Omshakthy Industrial Park, Thirumudivakkam, Kundrathur, Kanchipuram, Tamil Nadu
• Scope of Work:
  • Civil construction
  • Plumbing
  • Electrical works
• Order Value: ₹12.69 Cr (Including GST)

Project 2: High Glory Footwear India Private Limited

• Client: High Glory Footwear India Pvt. Ltd. (Subsidiary of Pou Chen Corporation, Taiwan)
• Location: Plot No. A-1, SIPCOT Industrial Park (SEZ), Mangalampettai Elavanasur Kottai Road, A. Sathanur Village, Ulundurpet, Kallakurichi, Tamil Nadu
• Scope of Work:
  • Execution of MEP works
  • Installation of chiller unit (MEP-1A)
• Order Value: ₹3.75 Cr (Excluding GST)

With these new additions, the total order book value of Sathlokhar Synergys E&C Global Limited now stands at ₹ 891.36 Cr, scheduled for execution over the next 9 to 11 months.

On the receipt of the orders, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “We are delighted to have been entrusted by Almonard Private Limited and High Glory Footwear India with these prestigious projects. These orders reflect the continued trust our clients place in our integrated capabilities, technical expertise, and execution excellence.

Our team remains fully committed to delivering these assignments within the stipulated timelines, upholding the highest standards of quality, safety, and efficiency. We view these wins as further validation of our position as a reliable partner in India’s evolving infrastructure landscape.”

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New Delhi [India], July 21: Globe Civil Projects Limited, (NSE – GLOBECIVIL | BSE – 544424), Company engaged in diverse infrastructure and non-infrastructure EPC projects across India, is pleased to announce the receipt of a prestigious order from NBCC (India) Ltd. valued at ₹ 172.99 Cr. The project entails the development of infrastructure facilities and buildings for the Central University of Punjab at Village Ghudda, District Bathinda, Punjab, on an EPC basis.

The scope of work under this comprehensive infrastructure contract includes construction of key institutional and residential buildings such as:

• A 400-seater Girls Hostel
• A 600-seater Boys Hostel
• One Academic Block
• A 100-seater International Students Hostel
• Vice Chancellor’s Residence
• Extensive external development works for campus infrastructure

The project is scheduled to be completed within a span of approximately 21 months.

This order underscores Globe Civil Projects Limited’s strong execution capabilities in large-scale institutional and educational infrastructure. It reflects the continued trust placed by government bodies like NBCC in the company’s ability to deliver quality EPC solutions, on time and across diverse geographies.

On the receipt of the order, Mr. Ved Prakash Khurana, Chairman and Whole-time Director of Globe Civil Projects Limited said, “We are delighted to win this landmark ₹ 172.99 Cr mandate from NBCC for the Central University of Punjab. The project deepens our presence in the education-infrastructure segment and validates Globe Civil Projects Limited’s ability to deliver end-to-end EPC solutions for large, multifaceted campuses. We appreciate NBCC’s continued confidence in our expertise and look forward to partnering closely with all stakeholders to create future-ready academic and residential facilities that will serve students and faculty for decades to come.

Our multidisciplinary team spanning civil, structural, MEP, and project-management specialists is fully mobilised to complete the works within the stipulated 21-month schedule. We will leverage proven construction technologies, rigorous safety protocols, and robust quality-assurance systems to ensure on-time, on-budget delivery while upholding the highest standards of workmanship and environmental stewardship. This project exemplifies our commitment to engineering excellence, operational efficiency, and value creation for our clients and the communities we serve.”

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New Delhi [India], July 21: Value investing is a time-tested investment approach that focuses on identifying fundamentally strong companies available at attractive prices. By buying into quality businesses that are temporarily undervalued due to factors like market neglect or cyclical downturns, investors aim to benefit as the market eventually corrects the mispricing.

With the launch of the new PNB MetLife Value Fund at an NAV of ₹10, investors now have an opportunity to participate in this proven strategy through a research-backed, actively managed fund designed to deliver long-term capital growth. 

PNB MetLife Value Fund is now open for investment and the final allocation date is July 28, 2025.

Benefits of the PNB MetLife Value Fund

1. Long-Term Wealth Creation: The fund’s core strategy is to invest in undervalued companies with solid fundamentals. Over time, as the market corrects its mispricing, investors stand to gain from both price appreciation and earnings growth.
2. Active Fund Management: Unlike passive funds, this actively managed fund, guided by expert research and market insights, aims for higher long-term returns. This strategy is driven by a fund management team with a proven track record, reflected in 99% of PNB MetLife’s equity funds AUM receiving 4 or 5-star Morningstar ratings. 
3. Outperformance Potential: The Nifty 500 Value 50 Index has significantly outperformed the Nifty 50, delivering a 5-year CAGR of 39.51% versus 20.29% as of May 31, 2025, demonstrating the potential of a value-driven approach.
4. Sectoral Opportunities: The fund benefits from exposure to currently undervalued sectors like Energy, Financials, Commodities, and Power, many of which are trading below their historical P/E ratios and offer attractive entry points.
5. Ideal for the Current Environment: With interest rates softening and the earnings outlook improving, the timing is ideal to enter a value-focused strategy that can effectively capitalize on market inefficiencies.
6. Added Protection and Tax Efficiency: When availed through PNB MetLife ULIP Plans, the fund offers life cover of up to 10 times the annualized premium, along with tax-free maturity benefits (applicable if annual premiums do not exceed Rs 2.5 lakhs, as per current tax laws).

Who Should Invest?

Value Fund can be considered by investors who:

• Understand the concept of value investing and believe in it
• Have patience to wait till the company unlocks its true worth and its stock price to realize its true value
• Are comfortable taking risks for potential high returns in the future

The new fund is available with PNB MetLife Unit Linked Insurance Plans (ULIPs), offering a seamless experience across both the PNB MetLife official website (www.pnbmetlife.com) and offline distribution channels. 

Disclaimer:

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. The unit linked insurance products do not offer any liquidity during the first five years of the contract.

PNB MetLife Value Fund (SFIN: ULIF03615/07/25VALUEFUNDS117) is an actively managed fund. The fund aims to generate long-term capital appreciation by actively investing in companies which are attractively valued. The companies that the fund seeks to invest in would typically have lower earnings or book value multiple relative to either broader markets, their comparable peers, or their own history. The relative valuation-based strategies are best suited for individuals with very high risk tolerance and long-term investment goals

UIN details of ULIP offerings:

PNB MetLife Smart Goal Ensuring Multiplier UIN: 117L139V01

PNB MetLife Goal Ensuring Multiplier UIN: 117L133V07

PNB MetLife Smart Platinum Plus UIN: 117L125V06

PNB MetLife Term with Unit Linked Insurance Plan UIN: 117L136V04

PNB MetLife Mera Wealth Plan UIN: 117L098V08

Summary: New Fund Launch Alert: PNB MetLife Value Fund – Your Opportunity for Long-Term Growth! Invest at an attractive ₹10 NAV. This special offer closes on 28 July. Don’t miss out!

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Mumbai (Maharashtra) [India], July 21: Cupid Limited, (BSE – 530843, NSE – CUPID), is delighted to announce that its Chairman & Managing Director, Mr. Aditya Kumar Halwasiya, has been named to the Avendus Wealth – Hurun India U30 List 2025. This prestigious accolade recognizes India’s most dynamic young leaders under 30 who are driving innovation, transformation, and sustainable growth in their respective fields. Under Mr. Aditya Kumar Halwasiya’s leadership, Cupid Limited has undergone a remarkable transformation, evolving from a primarily export-driven manufacturer to a prominent, consumer-centric brand in India’s fast-growing personal care and FMCG sector. His strategic vision has diversified the company’s portfolio, expanded its presence in domestic markets, and reinforced its commitment to innovation and quality.

Mr. Halwasiya’s forward-thinking approach has propelled Cupid Limited to new heights, positioning it as a key player in the FMCG landscape. His emphasis on sustainability, diversified product offerings, and operational excellence has significantly strengthened the company’s growth trajectory while enhancing its reputation for delivering high-quality, consumer-focused products.

The Avendus Wealth – Hurun India U30 List 2025 shines a spotlight on the next generation of visionaries shaping the future of Indian enterprise. Mr. Halwasiya’s inclusion underscores his pivotal role in steering Cupid Limited toward a future defined by innovation, resilience, and long-term value creation.

Commenting on the Achievement, Mr. Aditya Kumar Halwasiya, Chairman and Managing Director said, “It is truly an honour to be featured in the Avendus Wealth – Hurun India U30 List 2025. This recognition reflects the shared dedication, innovative spirit, and relentless drive of the entire Cupid team. I’m grateful to be part of a generation that has the opportunity to redefine the future of Indian enterprise. For me, this is not just a milestone, but a motivation to continue pushing boundaries, fostering innovation, and building a legacy of value and trust.”

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Mumbai (Maharashtra) [India], July 18: AFCOM Holdings Limited (AFCOM), (BSE – 544224), one of the leading players in the air cargo transportation sector, has announced the launch of a new international cargo route to Hanoi, Vietnam, effective July 2, 2025. This strategic expansion strengthens AFCOM’s growing international footprint and reinforces its commitment to offering seamless and efficient logistics solutions across Asia.

In a significant development aligned with this expansion, AFCOM has also signed an interline agreement with Viet Jet, a prominent Vietnamese airline. This collaboration is set to unlock seamless cargo connectivity between India, South Korea, Taiwan, and Hong Kong via Vietnam, delivering integrated, end-to-end logistics solutions for businesses across Asia.

The newly introduced route is part of AFCOM’s broader strategy to expand its cargo network across fast-growing and high-potential markets. South Korea and Taiwan have emerged as two fastest growing trade lanes in the region, while Hong Kong continues to be a critical hub for cross-border e-commerce and high-value cargo imports into India.

Commenting on the developments, Capt. Deepak Parasuraman, Chairman & Managing Director of AFCOM Holdings Limited, said, “The launch of our Vietnam operations and interline agreement with Viet Jet represents a step forward in AFCOM’s vision to create a highly connected and agile cargo network across Asia. Vietnam’s strategic location allows us to unlock faster access to vital trade lanes such as South Korea, Taiwan, and Hong Kong—regions that are increasingly critical to the global supply chain. This expansion supports our goal of offering reliable and efficient cargo solutions across Asia. We continue to focus on building a strong and integrated logistics network that meets the growing needs of our customers. By improving cross-border access and transit times through such strategic partnerships, we aim to deliver greater value and service efficiency in the markets we operate in.”

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Mumbai (Maharashtra) [India], July 18: Eco Recycling Limited (BSE: ECORECO), India’s pioneering and leading professional e-waste management company, provided an update on expanded capacities of e-waste & li-ion battery recycling. The increased recycling capacities will enhance Ecoreco’s foot print in the recycling volume of waste electrical & electronic waste and Li-ion batteries and support producers to meet their incremental quantitative obligations under the E-Waste Management Rules, 2022.

The company has enhanced its overall e-waste processing capabilities with a focus on lithium-ion battery recycling—one of the fastest-growing segments in the e-waste stream. With this expansion, Ecoreco’stotal capacity now stands at 31,200 MTPA, reinforcing its position as a frontrunner in the formal e-waste recycling space.

Key Capacity Expansion Highlights:

• Total e-waste recycling capacity has been increased by 18,000 MTPA

• Dedicated 6,000 MTPA facility has been commissioned for lithium-ion (Li-ion) battery recycling

• In its new 40,000 sq. ft. state-of-the-art plant located in Vasai, an industrial hub near Mumbai

• Entire investment funded through internal accruals, reaffirming the company’s zero-debt status

This timely expansion positions Ecoreco to support the growing compliance needs of electronic producers under Extended Producer Responsibility (EPR) norms. With the government’s introduction of the centralized EPR portal and Environmental Compensation (EC) provisions for non-compliance, the industry is witnessing a strong shift toward formalisation—an area where Ecoreco continues to lead.

Commenting on the recent development, Mr. B K Soni, Chairman & Managing Director of Eco Recycling Limited said, “At Ecoreco, we believe that the future of sustainability lies in building resilient infrastructure today. Our latest capacity expansion—particularly the dedicated lithium-ion battery facility—is a strategic step to not only meet the environment friendly disposal of surging e-waste but also confirms India’s commitment to the globally accepted EPR framework. With increasing emphasis on environmental compliance and circularity, we are proud to offer cutting-edge, compliant solutions that help producers fulfil their obligations seamlessly. Our commitment is not just to business growth, but to sector formalisation, pollution reduction, and global best practices to follow. With recognitions like the TERRA alliance induction and an honourable mention by the Hon’ble Prime Minister, we are even more energised to lead India’s transition to responsible recycling.”

As part of its ongoing evolution, Ecoreco recently achieved a global milestone by becoming the first Indian e-waste recycling company to be inducted into TERRA (The Electronics Reuse & Recycling Alliance)—a respected international network of certified recyclers, including those with R2, R2v3, and e-Stewards certifications. This reinforces Ecoreco’sposition as a globally aligned, ESG-compliant organization.

Adding to this momentum, the company and its consumer-facing app ‘BookMyJunk’ were acknowledged by Hon’ble Prime Minister Shri Narendra Modi in his national radio program Mann Ki Baat, for their contribution to sustainability and responsible waste disposal. Ecoreco remains committed to building a cleaner, safer, and more circular economy through innovation, operational excellence, and strong stakeholder engagement.

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Mumbai (Maharashtra) [India], July 16: From waterproofing to wallboards, scrim laid mesh is quietly reshaping industries with durability, efficiency, and design flexibility. In a world demanding smarter, stronger, and lighter materials, Scrim Laid Mesh has emerged as a silent workhorse across multiple industries. Used in construction, packaging, waterproofing membranes, insulation systems, and composite materials, this unassuming reinforcement fabric is gaining widespread adoption—particularly in India’s booming infrastructure and industrial sectors.

What is JOGANI Scrim Laid Mesh? Jogani Scrim laid mesh is a non-woven, open-grid textile made by laying continuous yarns (typically polyester, fiberglass, or natural blends) in a warp-weft pattern and bonding them at the junctions through thermal, chemical, or mechanical processes. Unlike woven fabrics, scrim is engineered to be lightweight, stable, and exceptionally cost-effective.

• Reinforces Without Bulk: Offers high tensile strength while maintaining flexibility and low weight.
• Improves Durability: Prevents cracking, warping, and delamination in laminates and coatings.
• Highly Customizable: Mesh size, orientation, and bonding technique can be tailored for specific use cases.

According to industry experts, scrim mesh is now a preferred reinforcement in bitumen membranes, gypsum boards, FRP panels, and tear-resistant packaging. Its rise is also aligned with the Make in India initiative and growing demand for sustainable, high-performance reinforcement materials. “Scrim Laid Mesh combines simplicity with strength. Its impact spans across waterproofing, insulation, interiors, and even composites—helping manufacturers meet global quality standards at local costs,” says  Mahesh Kumar Jogani, Director, JOGANI Reinforcement. This mesh has many applications.

• Construction & Waterproofing: Reinforces bituminous and acrylic membranes, EIFS, and wallboards.
• Industrial Packaging: Used in tear-resistant envelopes, fabrics, and flexible packaging liners.
• Composites: Acts as a stabilizer in FRP sheets, panels, and automotive laminates.

About JOGANI® Reinforcement
JOGANI® Reinforcement is a leading manufacturer and exporter of engineered technical textiles and composite reinforcement solutions. Known for innovation in basalt, fiberglass, and polymer mesh technologies, JOGANI® supports infrastructure, construction, and composite industries globally. Please connect to www.joganireinforcement.com for further information

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New Delhi [India], July 18: In what is being hailed as a game-changing moment in the global real estate sector, 1X Properties, headquartered in Canada, unveiled its new logo and official website yesterday in a high-profile launch event attended by business leaders, media, investors, and a glittering array of celebrities from Bollywood and Hollywood.

The event witnessed the official launch of 1X Properties’ groundbreaking Affiliate Marketing program (1X AM) — a zero-investment model designed to empower individuals globally through real estate-based referral income.

Mr. Ameer Haider, company representative and key spokesperson, presented the brand’s vision to transform property marketing into a tech-enabled, income-generating platform for every individual. With zero investment entry and lifetime referral benefits, the 1X AM plan has already sparked massive interest across Asia and the Gulf region.

“We are not just selling properties — we are creating entrepreneurs, empowering people to earn, grow, and build with us,” Mr. Ameer stated during his keynote speech.

The event became an instant sensation with the appearance of top celebrities from both Bollywood and global entertainment industries, including: Rakhi Sawant,Vishal Kotiyan,Shiv Thakare,Divyanka Tripathi,Ali Quli Mirza,Sana Suri,Abdu Rozik (International Artist),Vishal Dahiya, and many more!

The red carpet shimmered with media flashes, and social media exploded with behind-the-scenes moments, adding to the event’s virality.

Top-level stakeholders, investors, and board members of 1X Properties were also present and expressed their strong faith in the new business model. Industry experts called it “India and UAE’s first tech-integrated affiliate property system with global scalability.”

With this mega launch, 1X Properties becomes the first company in the property sector to merge affiliate marketing and real estate on a mass level, targeting not just investors, but students, homemakers, professionals, and NRIs looking for income opportunities.

The new website allows affiliates to register, promote, and earn through a seamless digital experience, setting a new benchmark in the property-tech industry.

With its launch in Dubai, the company plans expansion into Southeast Asia, Europe, and North America, promising both affordable real estate options and powerful earning potential.

This isn’t a property company.

This is a movement.

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New Delhi [India], July 17: Somany Ceramics Ltd., one of India’s most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market.

Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India’s first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R&D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protective coatings, grouts, sealants, and repair mortars, serving major institutional clients across North India. With its manufacturing base in Bahadurgarh, Durabuild has built a credible presence for over two decades.

This acquisition marks a pivotal step in Somany’s long-term strategy to transform into a total building solutions provider, offering products that not only elevate aesthetics but also strengthen the core of built structures. Durabuild will now operate under the flagship brand ‘Somany’, emerging as a strategic pillar within Somany’s Home and Building Solutions vertical.

India’s construction chemicals market is on a strong growth trajectory. The waterproofing segment is currently estimated at USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2030, and the cement admixtures segment is expected to more than double to USD 1.9 billion by 2033.

Speaking on the acquisition Mr. Abhishek Somany, Managing Director & CEO, Somany Ceramics, said “This acquisition is a strategic leap in our journey to become a full-spectrum building materials brand. Durabuild’s technical heritage and institutional trust, combined with Somany’s pan-India brand and distribution network, give us the right foundation to scale this business nationwide.”

Somany plans to deepen its footprint across India by building category awareness in selected segments of the construction chemical space.

With this acquisition, Somany not only expands its product universe but also reinforces its brand promise – delivering both elegance and endurance to India’s construction landscape.

Grant Thorton Advisory Private Limited acted as the exclusive financial advisor for this transaction.

About Somany Ceramics Limited:

SOMANY Ceramics Limited (SCL) is one of the leading players in the ceramic industry in India and amongst the top 15 manufacturers in the world. The company is a complete solution provider in terms of décor solutions with the widest product selection of Ceramic Wall and Floor tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles and Slabs, Sanitaryware, Bath Fittings, Adhesives, Grouts and Home & Building solutions. SOMANY has pan-India distribution across 12000+ retail points and has over 500 exclusive showrooms. It also exports to more than 80 countries across 6 continents. The company has a capacity to produce ~80 million square meters per annum of tiles through 2 company-owned plants, 5 strategic alliances, and tie-ups with outsourced partners spread across India. It also has manufacturing units for Sanitaryware, Bath fittings and Adhesives.

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