Category: Business

  • SEPC Limited to Execute INR 314 Crore Smart Prepaid Metering Project in Punjab under RDSS

    SEPC Limited to Execute INR 314 Crore Smart Prepaid Metering Project in Punjab under RDSS

    Mumbai (Maharashtra) [India], February 10: SEPC Limited (NSE: SEPC | BSE: 532945), one of India’s leading Engineering, Procurement and Construction (EPC) companies with a diversified presence across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining, has received a Letter of Intent (LOI) from Telecommunications Consultants India Limited (TCIL), a Government of India enterprise, for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS).

    Project Scope and Structure

    The project will be executed on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis in consortium with Adya Smart Metering Private Limited, with a total project value of 313.96 crore. It encompasses the design, deployment, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure for Punjab State Power Corporation Limited (PSPCL), in accordance with the client’s tender and applicable scheme guidelines. Payments will be made on a back-to-back basis, linked to defined monthly, quarterly, and annual milestones during the post-operational Go-Live phase.

    Strategic Outlook

    The LOI strengthens SEPC’s order momentum and expands its presence in power distribution and metering infrastructure. The BOOT model improves long-term revenue visibility, while sustained public sector investment in power reforms and digital infrastructure supports growth. With a diversified portfolio and rising exposure to annuity-based projects, SEPC remains well positioned to benefit from favourable industry tailwinds.

    Commenting on the order win Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said:

    “This order reflects the continued confidence of our clients in SEPC’s execution capabilities across complex infrastructure projects. Smart metering is a key pillar of power distribution reforms in India, and this project allows us to further expand our presence in this segment. The DBFOOT structure also aligns well with our strategy of building long-term, annuity-linked revenue streams, while maintaining a disciplined approach to risk and capital deployment.”

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  • LaundryMate Launches ‘LaundryMate Sprint’, India’s First 4-Hour Laundry and Dry Cleaning Delivery Service

    LaundryMate Launches ‘LaundryMate Sprint’, India’s First 4-Hour Laundry and Dry Cleaning Delivery Service

    Gurugram (Haryana) [India], February 11: LaundryMate, a Bengaluru-headquartered, app-led doorstep laundry and dry-cleaning brand, has entered the Gurugram market with the launch of LaundryMate Sprint, the city’s first-ever 4-hour dry-clean and laundry delivery service, tailored for the fast-paced lifestyle of urban consumers in the millennium city.

    LaundryMate Sprint offers doorstep pick-up within 45 minutes and a 4-hour turnaround timeline from pickup to delivery for all services, including dry cleaning, wash & iron, and steam ironing. In addition to its express delivery model, the store also entertains walk-in customers who prefer to drop and pick up their items directly. Backed by LaundryMate’s existing 24-hour full-service delivery model in Gurugram, an approach already proven successful in Bengaluru and trusted by over 50,000 families, the service brings together global-grade processes, technology-led operations, and premium garment care, delivering a world-class laundry experience tailored to the fast-paced lifestyle of Gurugram residents.

    Commenting on the expansion, Abhinay Choudhari, Co-Founder & CEO of LaundryMate.in (formerly Co-founder of BigBasket.com), said, “After the successful launch and scaling of our services in Bengaluru, expanding to Gurugram was a logical next step. The city’s fast-paced lifestyle and high concentration of working professionals require reliable and timely solutions. While LaundryMate Sprint, with its 4-hour TAT, addresses urgent laundry needs, our 24-hour service continues to meet common daily-use case requirements. Together, these offerings demonstrate our commitment to combining convenience, speed, and consistent garment care.”

    In Bangalore, LaundryMate has set up a state-of-the-art facility spanning 50,000 sq ft with imported equipment worth upwards of INR 35 Crore, and a capacity to process 24,000 items per day in a 3-shift operation. Underscoring company’s long-term commitment to the market, the full-service delivery launch in Gurugram is backed by a strategic partnership with Central Linen Park (CLPPL), with its facility in Bhiwadi, Rajasthan, which has a significant infrastructure investment of upwards of  INR 75 crore and has the largest such facility in India for B2B. CLPPL which has been servicing various leading hotel chains in Delhi NCR since more than a decade is backed by Arun Saraf, Chairman, Juniper Hotels (Owner of Grand Hyatt Properties in India & Nepal).

    Speaking on the partnership and local relevance, Mr Surendra Ruia, Chairman, Central Linen Park and LaundryMate’s Gurugram Partner, added: “North India has specific garment care needs, especially during winter when woollens and premium fabrics require specialised handling. LaundryMate’s technology-led processes and attention to garment integrity make it a strong fit for Gurugram’s discerning consumers. This partnership is about bringing a reliable, world-class laundry solution to a market that values quality over compromise.” 

    Founded in Bengaluru in 2022 by five co-founders- Abhinay Choudhari, Pushpendra Yadav, Raghavendra Joshi, Tripat Singh, and Uday Vijayan– LaundryMate has established itself as a trusted name in organised laundry services. It is known for its seamless app experience, precision-led logistics, consistent garment care, and reliable delivery promise.

    Over the past three years, the brand has achieved over 5.5 lakh app downloads, processed over 45 lakh garments, and delivered more than 3.5 lakh orders across Bengaluru. It has approximately 10,000 monthly transacting customers who choose its convenient and time-bound services. LaundryMate raised $ 6 million USD as pre-Series A from various investors in June 2023 and is currently in discussions with investors for a Series A round to expand to five cities.

    With its Gurugram expansion, LaundryMate aims to address a clear gap in the market by offering a convenient, affordable, technology-enabled, time-bound laundry service, built for urban consumers who expect reliability, transparency, quick TAT and superior garment care.

    About LaundryMate:
    New Age Consumer Services Pvt Ltd, the owner of brand LaundryMate was Founded in 2022 by 5 co-founders, Abhinay Choudhari, Pushpendra Yadav, Raghavendra Joshi, Tripat Singh & Uday Vijayan and is headquartered in Bengaluru, LaundryMate is India’s most convenient app-led laundry and a sustainability focused brand designed for modern urban consumers. The brand uses 100% EVs in its last mile delivery operations and recycles 40% of the water at its Bangalore facility and uses zero plastic packaging and eco-friendly chemicals.

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  • 5868 PMAY units lined up for delivery at Suraksha Smart City, Vasai

    5868 PMAY units lined up for delivery at Suraksha Smart City, Vasai

    Vasai (Maharashtra) [India], February 11: Under the Pradhan Mantri Awas Yojana (PMAY) during the calendar year 2026, Suraksha Smart City, Vasai is ready to begin the phased delivery of 5,868 Economically Weaker Section (EWS) homes. One of the largest integrated township developments in the Mumbai Metropolitan Region (MMR) deliveries will be undertaken building-wise across Phase 1 of the project.

    A milestone that reinforces Suraksha Group’s commitment to the Government of India’s ‘Housing for All’ mission also tells the story of Vasai’s emergence as a key residential hub under the Mumbai 4.0 growth framework. The large-scale handover of homes under the PMAY is expected to ensure a positive and meaningful contribution to the affordable housing ecosystem in the MMR.

    Suraksha Smart City has been built with the use of advanced precast construction technologies, supported by one of the most extensive mechanisation initiatives in the country. The integration of a first-of-its-kind 3D casting module has enabled consistent quality control and accelerated execution, ensuring timely delivery of homes built to robust standards.

    Commenting on the development, Jash Panchamia, Promoter, Suraksha Smart City said, “Delivering homes at this scale under PMAY represents more than a construction achievement. It reflects our belief that affordability should never come at the cost of quality or planning. We have been innovative and ensured disciplined execution and aim to create long-term value for residents as we contribute meaningfully to the region’s overall urban growth.”

    The 1 BHK PMAY homes are priced at Rs 22.5 lakh and structured to enable beneficiaries to combine personal contribution with a direct government subsidy of Rs 2.5 lakh, making home ownership attainable for first-time buyers. Select buildings have already applied for Occupation Certificates, and homebuyers have begun site inspections, marking a significant emotional milestone for many families.

    The fit-out is being executed in a phased and safety-focused manner, with deliveries planned building-wise. Located within walking distance of Vasai Railway Station, Suraksha Smart City combines affordability with access to essential infrastructure and township amenities, offering residents a balanced urban lifestyle.

    The commencement of PMAY home deliveries at Suraksha Smart City, Vasai will continue to strengthen Suraksha’s position as a focal point for inclusive housing development, adding renewed momentum to the real estate landscape of the Mumbai Metropolitan Region.

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  • Rajalakshmi Institute of Technology Signs MoU with HSE University, Russia

    Rajalakshmi Institute of Technology Signs MoU with HSE University, Russia

    Chennai (Tamil Nadu) [India], February 10: Rajalakshmi Institute of Technology (RIT) has signed a Memorandum of Understanding (MoU) with HSE University, Russia, a globally recognized institution, to strengthen international academic collaboration and engagement.
    Rajalakshmi Institute of Technology, Chennai, signed an MoU with Russia’s HSE University to enhance global academic collaboration, partnerships, and engagement opportunities.
    The MoU was signed during the visit of the HSE University delegation in the presence of Dr. Haree Shankar Meganathan, Vice Chairman, Rajalakshmi Group; Dr. Anna Tyshetskaya, Vice Chancellor, HSE University; and Dr. Manoj Sharma, Vice President, HSE University.
    Speaking on the occasion, Dr. Haree Shankar Meganathan emphasized the importance of global academic partnerships in building future-ready institutions and enhancing international exposure for students and faculty.
    Dr. Anna Tyshetskaya, Vice Chancellor, HSE University, expressed her appreciation for the warm reception and stated that the partnership reflects a shared commitment to academic excellence and international cooperation.
    The signing of the MoU marks the beginning of a collaborative relationship between Rajalakshmi Institute of Technology and HSE University, supporting RIT’s vision of expanding its global academic footprint.

    For more information, please visit:https://ritchennai.org/

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  • Supreme Power Equipment Reports 24% Growth in 9M Income and Net Profit

    Supreme Power Equipment Reports 24% Growth in 9M Income and Net Profit

    Chennai (Tamil Nadu) [India], February 10: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Consolidated Financial Highlights

    Q3 FY26

    • Total Income of ₹36.03 Cr, YoY growth of 14.83%
    • EBITDA of ₹5.28 Cr
    • Net Profit of ₹3.38 Cr, YoY growth of 6.34%
    • EPS of ₹1.35, YoY growth of 6.30%

    9M FY26

    • Total Income of ₹111.38 Cr, YoY growth of 23.78%
    • EBITDA of ₹19.56 Cr, YoY growth of 12.68%
    • Net Profit of ₹ 12.78 Cr, YoY growth of 23.66%
    • EPS of ₹ 5.12, YoY growth of 23.67%

    Key Standalone Financial Highlights

    Q3 FY26

    • Total Income of ₹38.61 Cr, YoY growth of 27.76%
    • EBITDA of ₹4.65 Cr
    • Net Profit of ₹3.38 Cr, YoY growth of 6.34%
    • EPS of ₹1.35, YoY growth of 6.30%

    9M FY26

    • Total Income of ₹120.23 Cr, YoY growth of 38.27%
    • EBITDA of ₹18.15 Cr, YoY growth of 19.27%
    • Net Profit of ₹12.79 Cr, YoY growth of 23.66%
    • EPS of ₹5.12, YoY growth of 23.67%

    Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “We are pleased to share that we delivered a steady financial performance during Q3 and 9M FY26, with consolidated 9M income and profitability standing at ₹111.38 Cr and ₹12.78 Cr respectively, reflecting continued operational discipline and execution strength.

    During the quarter, we strengthened our southern market presence through multiple EPC order wins in Karnataka and secured distribution transformer orders from Tamil Nadu utility projects, highlighting sustained demand across transmission and distribution infrastructure. The MSME Ratna Award received during the quarter further reinforces our focus on engineering excellence, product quality, and manufacturing capabilities.

    The Indian power infrastructure sector continues to witness steady growth driven by rising electricity demand, renewable energy integration, and ongoing investments in transmission and distribution networks. With a healthy order pipeline and favorable sector outlook, we remain focused on strengthening execution capabilities, expanding our product portfolio, and building long-term partnerships across utilities and EPC segments.”

    Q3 FY26 Operational Highlights

    Multiple Orders from EPC Companies in Karnataka
    • Clients: Multiple EPC Companies based in Karnataka (including Bangalore)
    • Total Order Value: ₹24.63 Cr (approx.)
    • Scope: 2 Nos. 20 MVA, 110/11 kV Power Transformers, 8 Nos. 20 MVA, 66/11 kV Power Transformers
    • Execution Timeline: 8–9 months (approx.)
    TNPDCL Distribution Transformer Order
    • Client: Tamil Nadu Power Distribution Corporation Limited (TNPDCL)
    • ₹2.69 Cr – Order to Supreme Power Equipment Limited
    • ₹1.50 Cr – Order executed through Danya Electric Company (entity under significant control)
    • Scope: Supply of 75 Nos. 100 kVA, 11 kV Distribution Transformers
    • Execution Timeline: Within 4 months (approx.)
    MSME Ratna Award 2025 – Corporate Recognition
    • Recognised by the Chamber of Indian Micro, Small & Medium Enterprises at the MSME Ratna Awards – 2025 (Addition-II)
    • Category: Electronics Innovation and Engineering Excellence

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  • Bright Outdoor Media Spreads Its Wings into Curated Events: Building the Next Growth Engine!

    Bright Outdoor Media Spreads Its Wings into Curated Events: Building the Next Growth Engine!

    Mumbai (Maharashtra) [India], January 28: From being India’s first listed outdoor media company to emerging as a 360-degree integrated media powerhouse, Bright Outdoor Media Limited continues to demonstrate its ability to evolve with market opportunities and unlock new revenue streams.

    In the year 2025, Bright took a decisive strategic step by expanding into the curated events and experiential marketing space, marking a natural extension of its long-standing strength in media, branding, and large-scale execution. This move aligns with Bright’s earlier announcement and rollout of 360 Degree Media Advertising solutions, where the company began offering end-to-end brand communication across OOH, TV, Print, Radio, Digital, Cinema, PR, Activations, and now — marquee events.

    Four Landmark Events That Defined Bright’s Entry into Curated Experiences

    Bright successfully conceptualised, executed, and marketed four high-impact, sector-focused events, each designed to bring together industry leaders, influencers, and communities under a powerful brand-led platform.

    1. Bright Gujarati Entertainment & Gujarati–Marwari Excellence Awards 2025
    A celebration of cultural excellence and business leadership, this event honoured achievers from the Gujarati and Marwari communities across entertainment, entrepreneurship, and industry. The event reinforced Bright’s deep understanding of community-centric engagement and regional influence.

    2. Bright Education Visionaries Awards 2025
    Tapping into one of India’s most future-defining sectors, this platform recognised institutions, educators, and leaders shaping the next generation. The event demonstrated Bright’s ability to curate intellectual platforms that combine credibility, visibility, and strong institutional participation.

    3. Bright Real Estate Awards 2025
    With real estate being one of the largest advertising categories in India, Bright’s Real Estate Awards created a premium networking and recognition platform for developers, architects, and key decision-makers — seamlessly integrating media reach with high-value engagement.

    4. Bright Entertainment Awards 2025
    A signature property under the Bright brand, this event celebrated excellence across film, music, OTT, and digital entertainment, further strengthening Bright’s long-standing association with the entertainment ecosystem.

    Reflecting on Bright’s expansion into curated experiences, Dr. Yogesh Lakhani, Chairman & Managing Director, Bright Outdoor Media Limited, said:

    “Our journey into curated events is a natural extension of Bright’s 360-degree media philosophy. Over the years, we have built strong capabilities across Outdoor Advertising (OOH), Digital Outdoor (DOOH), Cinema, PR, and brand activation. Curated platforms allow us to bring all these strengths together, create meaningful engagement for brands, and build scalable properties that deliver long-term value.”

    Adding to this perspective, Mukesh Sharma, CEO, Bright Outdoor Media Limited, said:

    “From a scalability and sustainability standpoint, curated events enable us to build repeatable, asset-light formats that can be expanded across cities and sectors. When integrated with our digital and outdoor ecosystem, these platforms not only enhance brand impact but also ensure efficient use of resources and long-term commercial viability.”

    A Robust Pipeline Ahead: 2026 and Beyond

    Looking ahead, 2026 is set to witness an even bigger lineup of Bright-curated properties, including large-scale Musical Nights, curated concerts, and sector-specific events across business, culture, and lifestyle. These initiatives are expected to further strengthen Bright’s integrated offerings while opening up sustained, multi-format engagement opportunities for brands.

    Strong Presence Across India’s Biggest Events

    In addition to its own IPs, Bright continues to play a key role as a media and promotion partner for some of the country’s most prominent events, including the ET Global Business Summit (ET GBS), Global Youth Festival 2025, Messi India Tour, Enrique Iglesias – Heartbeat Nights, NDTV World Summit, IIFA Awards, Filmfare Awards, Diljit Dosanjh – Dil-Luminati India Tour, and many more national and international properties.

    About Bright Outdoor Media Limited

    Established in 1980, Bright Outdoor Media Limited is India’s first listed outdoor media company. With a vast portfolio of premium OOH assets, cutting-edge digital LED displays, cinema and transit advertising, PR solutions, and curated event experiences, Bright continues to set new benchmarks in integrated marketing.

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  • DELAN Unveils “Suns and Shadows,” Redefining Quiet Luxury in India’s Premium Western Wear Segment

    DELAN Unveils “Suns and Shadows,” Redefining Quiet Luxury in India’s Premium Western Wear Segment

    New Delhi [India], February 10: As India’s fashion market evolves toward refined minimalism and purpose-driven design, premium women’s western wear label DELAN has introduced a new brand narrative titled “Suns and Shadows,” reflecting the growing appetite for understated elegance, versatility, and modern sophistication among urban consumers.

    The title “Suns and Shadows” feels expansive and cinematic, hinting at contrast, depth, and movement. It evokes a collection shaped by many moments bright, unapologetic highs and quieter, introspective lows. The name captures duality: light versus dark, softness versus strength, stillness versus drama. It works beautifully for pieces that play with multiple colours, varied textures, and bold statements, allowing each garment to exist in its own mood while remaining part of a cohesive story.

    The concept marks a strategic creative shift for DELAN, offering a more cinematic and expressive visual language while remaining anchored in the brand’s core philosophy of quiet luxury fashion that prioritises craftsmanship, comfort, and timeless appeal over fast-moving trends. “Suns and Shadows” feels fluid rather than rigid, like a journey through changing light across time, immersive, poetic, and editorial in its tone.

    The collection explores contrast as a storytelling device light and depth, softness and structure mirroring the everyday realities of contemporary women navigating professional and personal spaces. The shoot demonstrates how premium western wear can feel elevated through refined silhouettes, premium fabrics, and subtle detailing, rather than overt embellishment.

    Founded by Vikas Kumar Sardana, Founder and Creative Director, DELAN draws on more than two decades of experience across apparel manufacturing and retail. Beginning his career in surplus and retail apparel in 2008, Sardana gained deep operational insight into fabric quality, consumer behaviour, fit engineering, and durability insights that later shaped DELAN’s design-first approach.

    Launched in 2022, the brand was conceived to address a visible gap in India’s premium western wear space: clothing that blends elegance with real-world wearability. From breathable fabrics and structured tailoring to versatile colour palettes, DELAN positions itself for women seeking wardrobe longevity rather than seasonal novelty.

    ‘Suns and Shadows’ represents the rhythm of everyday life strong moments, softer transitions, and everything in between,” Sardana notes. “Our designs are created for real environments workdays, meetings, social gatherings not just curated photoshoots. This campaign brings that reality into a modern, visual narrative.”

    The brand’s strategy aligns with a broader shift in India’s premium apparel sector. With consumers increasingly quality-conscious, investment dressing focused on comfort, durability, and multi-use styling is gaining momentum over trend-driven fashion cycles. Working professionals, in particular, are prioritising adaptable western wear that seamlessly transitions from daytime formal to evening casual.

    Industry observers note that minimalist aesthetics, premium fabric experiences, and functional design have emerged as decisive purchase drivers, signalling a maturing fashion market that values craftsmanship alongside visual appeal.

    Through “Suns and Shadows,” DELAN reinforces its product-centric positioning, highlighting precision fit, thoughtful construction, and fabric excellence while introducing a contemporary creative identity that reflects confidence, depth, and modern femininity.

    As India’s premium western wear segment continues to expand, brands rooted in quality-led design and lifestyle relevance are increasingly shaping the next phase of fashion consumption. DELAN’s latest narrative signals a commitment to building enduring wardrobes, not fleeting trends, for the evolving Indian woman.

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  • HEC Infra Projects Posts Exceptional Q3 Performance with Revenue Jumping 108% and Net Profit Skyrocketing 104%

    HEC Infra Projects Posts Exceptional Q3 Performance with Revenue Jumping 108% and Net Profit Skyrocketing 104%

    Ahmedabad (Gujarat) [India], February 10: HEC Infra Projects Limited(HEC, The Company), (NSE Code: HECPROJECT), one of the leading players in the infrastructure sector, specializing in extra high voltage transmission and distribution projects have announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    Q3 FY26 Highlights

    • Total Income of ₹57.77 Cr, YoY growth of 107.86%
    • EBITDA of ₹5.32 Cr, YoY growth of 84.88%
    • EBITDA Margin of 9.21%,
    • Net Profit of ₹ 2.92 Cr, YoY growth of 103.74%
    • Net Profit Margin (%) of 5.05%
    • EPS of ₹ 2.69, YoY growth of 90.78%

    9M FY26 Highlights 

    • Total Income of ₹126.51 Cr, YoY growth of 89.42%
    • EBITDA of ₹11.79 Cr, YoY growth of 90.12%
    • EBITDA Margin of 9.32%
    • Net Profit of ₹6.48 Cr, YoY growth of 81.55%
    • Net Profit Margin (%) of 5.12%,
    • EPS of ₹5.98, YoY growth of 69.89%

    Commenting on the performance, Mr. Gaurang Shah, Managing Director of HEC Infra ProjectsLimited said, “During Q3 FY26, the Company maintained steady operational performance with a continued focus on execution and disciplined order inflows across its core infrastructure segments. Orders received during the quarter were supported by urban infrastructure and water supply projects, including works under the Jal Jeevan Mission, reinforcing HEC’s strong positioning in government-led infrastructure programs.

    The Company continues to build capabilities in emerging segments such as Battery Energy Storage Systems (BESS), which are expected to play a critical role in grid stability and renewable energy integration. This strategic focus positions HEC to participate in upcoming opportunities within the evolving power and energy transition ecosystem.

    Further, the credit rating assignment during the quarter reflects improved visibility on the Company’s financial profile and enhances confidence among lenders and stakeholders. Management remains focused on efficient execution, prudent working capital management, and sustainable growth across power, water, and energy infrastructure segments.”

    Key Operational Highlights

    EPC Order – M/s J.P. Construction Company

    • Scope: Water supply scheme for Village Varli, Pindwara, for providing Functional Household Tap Connections under Jal Jeevan Mission – Sirohi, Rajasthan
    • Timeline: 12 months
    • Order Value: ₹19.23 Cr

    Credit Rating Update

    • Rating Agency: Infomerics Valuation and Rating Ltd
    • Long Term Bank Facilities: ₹17 Cr – IVR BBB- / Stable
    • Short Term Bank Facilities: ₹30 Cr – IVR A3

    Order From – Ahmedabad Municipal Corporation (AMC)

    • Scope: Augmentation work for electrical, mechanical and instrumentation repairs of existing Water Distribution Station at Krishnanagar, Saijpur Bogha Ward, North Zone, AMC, along with civil works
    • Timeline: 12 months
    • Order Value: ₹4.32 Cr

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  • Dumas Art Project inaugurated its 11th edition

    Dumas Art Project inaugurated its 11th edition

    The 11th edition of Dumas Art Project takes place from 8th February – 28th February 2026, at VR Surat, with the theme “The Future is Now”

    Surat (Gujarat) [India], February 09: The Dumas Art Project, supported by the Yuj Foundation, commenced its eleventh edition on 8th February 2026, with the theme ‘The Future is Now’. Renowned classical dancer and choreographer Dr. Mallika Sarabhai, recipient of the Padma Bhushan 2010 inaugurated the festival with a traditional lamp lighting ceremony and unveiling of the special ‘Kala Car’ where artists this year have transformed a Tesla into a moving canvas of contemporary expression.  The evening featured a classical dance performance by students of Darpana Academy, Ahmedabad followed by an exclusive viewing of the art installations across VR Surat including the fine art gallery.

    The ‘Kala Car’ marks Tesla’s first public showcase in Gujarat and a rare intersection of technology, sustainability, and art. The Kala Car has been brought to life by award-winning artist Mital Sojitra, known for her large-scale public artworks and community-led artistic practice.

    We are thrilled to have more than 160 installations, sculptures, paintings, and photographs by students of Sir J.J. School of Art, Mumbai, The Maharaja Sayajirao University of Baroda, Veer Narmad South Gujarat University, and Anant National University, Ahmedabad at the Dumas Art Project this year.  Transforming the walls of the basement at VR Surat into an art gallery, the basement art project displays works by artists from across the city.  Over the next three weeks, VR Surat will transform into a hub for artistic programming, with installations, fine art, photography exhibitions, music, theatre, workshops, young artists competition, and an artisanal bazaar.

    Dumas Art Project

    This edition features a series of significant collaborations, each contributing to the festival’s broader vision. In partnership with UNESCO, the festival presents Pockets of Hope, a photography exhibition that draws attention to marine ecosystems, their ecological value, and the growing pressures they face. The exhibition extends into a large-scale suspended installation created in collaboration with Project Surat – a community led environmental and sustainability initiative. Shaped like a jellyfish and fabricated out of waste collected from the Dumas beach, the installation draws attention to the impact of marine waste on ocean life and urges audiences to reflect on responsible consumption and waste disposal.

    “Eleven editions in, the Dumas Art Project remains Surat’s only public platform for art built through continuity, participation, and a belief in making art accessible. What began as a city initiative has grown into a platform with a wider regional presence, where student and established artists, audiences, and the community engage with art as part of everyday life. This year’s theme, The Future Is Now, calls on artists to respond to the present with imagination and intent, as the choices we make today begin to shape what follows. The focus of the Public Art Festivals is to expand reach, increase public participation, and strengthen the role of public art as a civic voice through meaningful collaborations, as the festival enters its next decade,” said Sumi Gupta, curator of the Dumas Art Project. 

    “Climate resilience begins with climate literacy. Empowered communities are built on understanding, and understanding grows through shared stories and accessible knowledge. ‘Pockets of Hope’ is a new illustrated book project by UNESCO that brings to life the World Network of Biosphere Reserves, with its terrestrial, coastal, and marine ecosystems, and the communities who call them home. Through its photography exhibition at Dumas Art Project and an illustrated journey across all Biosphere Reserves in South and Central Asia, ‘Pockets of Hope’ highlights the urgency of responsible ecosystem management and conservation. By placing science and nature within cultural spaces, public art becomes a bridge, expanding participation, deepening awareness, and inspiring more informed and collective climate action,” said Dr. Benno Böer, Chief, Natural Sciences Unit, UNESCO Regional Office for South Asia.

    “Art has the power to awaken consciousness and inspire change. It is heartening to see the Dumas Art Project use creativity as a medium to engage the larger audience with critical and much needed themes such as sustainability, the environment, and our collective future. Public art platforms like this help to nurture young voices and remind us that art is not just about beauty, rather it is about awareness, dialogue, and responsibility,” said Mallika Sarabhai, classical dancer and choreographer. 

    Dumas Art Project

    The art festival brings together a dynamic mix of artistic expressions, talent, and creative projects. The Art Gallery showcases a collection of works by Studio White, while “Gujarat in Focus” presents photographs of the city captured by both established photographers and emerging talents. The Young Artists Programme offers students a platform to experiment, learn, and express themselves across a range of artistic mediums.

    Other attractions include a theatre performance and workshops on madhubani, lippan and bandhej. The Art Bazaar will offer a curated market for local artisans to engage with audiences, accompanied by live music.

    Building on its collaboration with Art Reach, the Dumas Art Project has initiated a three-year programme to create sustained creative engagement for children from marginalised and underserved communities. Shaped by participant needs, local context, and the festival’s curatorial theme, the programme will use hands-on learning to develop foundational art skills and self-expression. Participating children will present their works and creative process at the festival.

    The 11th edition of Dumas Art Project is made possible through collaborations with Darpana Academy – Ahmedabad, Pintura Art, Project Surat, DRP Entertainment, Paint Social, and NOS photography.

    The ‘Kala Car’ will travel to VR Bengaluru at the Whitefield Art Collective, extending its public art journey beyond Surat. At other VR destinations, including Nagpur, Chennai and Amritsar, Tesla will showcase the Model Y. Together, these presentations reflect different formats of engagement, bringing conversations around technology, sustainability and design to varied audiences across VR centres in India.

    Surat is a city that celebrates creativity, with its residents enthusiastically engaging in diverse forms of artistic expression. This is evident in the festival’s remarkable success, attracting over 4 million visitors since its inception.

    Dumas Art Project, established in 2013, is a vibrant showcase of the diverse artistic expressions of Gujarat. It is supported by The Yuj Foundation and is also part of VR Surat’s Connecting Communities © initiative that aims to encourage civic pride, strengthen the local economy, and enhance the city’s national and international image.

    About VR Surat

    VR Surat is Virtuous Retail South Asia’s flagship destination and is a first-of-its-kind, community-oriented integrated lifestyle destination. Spread over 615,000 sq. ft., the centre has established itself as Surat’s only destination that offers a curated mix of local and global programmes in the fields of retail, food, music, art, culture, and entertainment.

    Over the years, VR Surat has emerged as a platform for cultural festivals, public-private partnerships and cross border collaborations that encourage civic pride and enhance the city’s brand image. Reflecting Surat’s vibrant cultural heritage, the centre integrates art, architecture, and unique programming. VR Surat is home to over 100 domestic and international brands, including Westside, Dyson, Lacoste, Swarowski, Birkenstock, New Balance, Tira, Calvin Klein, Shoppers Stop, Bath & Body Works, and MAC.

    Committed to the local community and environment, VR Surat also significantly contributes to the local economy and employment. With ongoing asset enhancement initiatives, it continues to diversify its brand mix, ensuring a vibrant calendar of events and community spaces for recreation and dining.

    About Public Art Festivals

    Established in 2013, the Public Art Festivals are a not-for-profit initiative supported by the Yuj Foundation. Over the past 13 years, the Public Art Festivals have enriched the cultural calendars of several Indian cities. In each edition, partnerships with renowned institutions and eminent artists enable a dynamic art festival rooted in the ethos of the host city.
    In collaboration with VR South Asia (VRSA), 28 art festivals in the cities of Amritsar, Bengaluru, Chennai, Nagpur, Mohali, and Surat have been hosted till date.

    The Public Art Festivals are a student-led initiative designed to provide emerging artists with a platform to express their creativity. Since its inception, the festivals have welcomed over 2,500 student artists, offering them a space to showcase their talents and engage with a wider audience. Over the years, the festival has evolved to include literary events, poetry readings, performing arts, workshops across mediums such as pottery and textile practices, drawing competitions, folk performances, artisanal bazaars, and more building a multidisciplinary celebration of art and culture.

  • From Farms to Finance: The Hidden Risks and Path Forward (Part 2)

    From Farms to Finance: The Hidden Risks and Path Forward (Part 2)

    Pradeep Motwani -CEO at Terrablu Climate Technologies Pvt Ltd

    Pune (Maharashtra) [India], February 09: In Part 1, we examined how India’s agricultural carbon credit market promises to transform farming from an emissions source into a climate solution, but warned of troubling patterns emerging as agrochemical and pesticide companies dominate this new value chain. Part 2 explores the specific risks farmers face and outlines a comprehensive path forward.

    Yield Risks and the Transparency Gap

    Another critical concern is food security. If carbon farming reduces yields, farmers lose far more than they gain from carbon payments. Several studies indicate that the transition to certain sustainable or low-input agricultural practices can initially reduce crop yields, particularly during the early years of adoption. However, this evidence is often underreported or selectively presented by carbon credit companies operating in the agriculture sector. In many cases, the dominant focus remains on maximizing carbon credit generation, rather than transparently assessing impacts on farm productivity and farmer incomes. This lack of transparency raises serious concerns: if yield losses are ignored or downplayed, farmers may bear the economic risk while intermediaries capture the carbon revenues.

    This risk is explicitly acknowledged in carbon standards. Under the widely used VM0042 methodology that certifies agriculture carbon credits, it is stipulated that certification will not be granted if a reduction of chemical fertilizer use results in a decrease in yields. Yet evidence on yield impacts especially during early transition years is often underreported by carbon credit companies, whose primary focus is maximizing credit volumes rather than safeguarding farm incomes. Without clear disclosure, robust safeguards, and farmer-centric design, agricultural carbon markets risk becoming extractive, prioritizing credit volumes over food security, livelihood resilience, and long-term soil health.

    The Biochar Cautionary Tale

    Biochar is increasingly being promoted in India as promising tools for carbon sequestration in agricultural soils, particularly because it is believed to offer long-term carbon storage. However, a growing body of scientific literature points to important limitations and uncertainties around their actual climate benefits at scale. The effectiveness of biochar is highly context-specific, varying with soil type, climate conditions, cropping systems, and complementary agronomic practices. This makes it risky to assume uniform carbon gains across India’s highly diverse agricultural landscapes.

    While biochar is widely marketed as a long-term soil carbon solution, studies show that biochar delivers agronomic and carbon benefits only when applied in combination typically around 5% with organic manure or fertilizers. When applied alone, biochar has in many cases led to reduced crop yields and limited or even negative soil carbon outcomes. Its effectiveness is also significantly lower in acidic soils, which is a critical concern given that India has large stretch of agricultural land with acidic soil. Thus, methods like biochar carbon sequestration outcomes depend strongly on climatic and edaphic factors.

    Despite significant scientific uncertainties, biochar-based carbon credits are being aggressively promoted in India, often without robust, large-scale field evidence across the country’s diverse agro-climatic zones. Several major technology companies, including AI-driven firms with rapidly rising emissions, are investing millions of dollars in biochar credits to offset their carbon footprints. While the demand for offsets is understandable, responsible climate action requires more than credit purchases. A more credible approach would be to fund independent research, long-term field trials, and large-scale pilots to rigorously assess the viability and scalability of biochar and other soil-carbon methods under Indian conditions. Without such evidence, the rush to monetize soil carbon risks becoming greenwashing delivering uncertain climate benefits and limited value for farmers.

    The Untapped Potential of Dairy Methane Mitigation in India

    Home to the world’s largest population of cattle and buffalo, India also generates the highest volume of methane emissions from enteric fermentation emissions released during ruminant digestion that are far more potent than carbon dioxide in the short term. Yet, despite this outsized climate footprint, India’s dairy sector remains largely absent from the country’s emerging agricultural carbon credit ecosystem. Most carbon farming initiatives focus on soil carbon, fertilizer optimization, or water management, while livestock methane arguably more measurable and impactful has received limited attention.

    This gap is striking when viewed against international experience. In countries such as the United Kingdom, feed-based methane-reduction solutions have already been certified under global carbon standards and are generating tradable carbon credits. In India, however, fragmented smallholder dairy systems, limited animal-level emissions data, lack of India-specific methodologies, and weak incentives have slowed progress. Yet these constraints also point to opportunity. Even modest methane reductions per animal, if scaled across India’s vast dairy sector, could deliver significant climate benefits. Without deliberate policy and scientific investment, dairy methane risks becoming the largest missed opportunity in India’s agricultural carbon transition.

    A Market Designed for Finance, Not Farmers

    At its core, agricultural carbon markets are designed around financial efficiency, not farmer welfare. Without strong safeguards, transparent contracts, fair revenue sharing, yield protection, and independent verification, carbon credits risk becoming another extractive system, where farmers supply land and labour while others capture most of the value.

    What Needs to Change: Recommendations

    1. Mandate Revenue Transparency: Require public disclosure of carbon credit prices, transaction costs, and farmer revenue shares to prevent value capture by intermediaries.
    2. Farmer, First Contract Standards: Develop standard, farmer-friendly contracts with limits on lock-in periods, clear exit clauses, and shared risk for climate shocks and reversals.
    3. Yield Protection as a Non-Negotiable: Certification should be linked to independent yield monitoring, with compensation mechanisms if productivity declines.
    4. Publicly Funded Field Evidence: Large-scale, multi-year pilots across soil and climate zones especially for methods like biochar and ERW must precede large-scale crediting.
    5. Decouple Climate Finance from Greenwashing: Corporates buying agricultural credits should co-finance research, extension, and soil health restoration not just claim offsets.
    6. Mainstreaming Dairy into Carbon Markets: Bringing India’s dairy sector into carbon markets requires context-specific methodologies that reflect indigenous breeds, buffalo dominance, mixed feeding systems, and smallholder realities. Large-scale pilots on methane-reducing feed additives, improved fodder, and herd productivity must precede credit issuance, backed by independent measurement and verification. Carbon programs should link methane reduction with higher milk yields, better animal health, and lower input costs, not just carbon revenues. Joint funding by government, cooperatives, and research institutions and strong revenue-sharing safeguards is essential to ensure small farmers benefit fairly.
    7. Beyond Carbon Credits: Combine carbon payments with premium markets for sustainably produced food, concessional finance, crop insurance, and advisory services.
    8. Strengthen Public Oversight: India’s carbon market regulator should actively monitor agricultural credits, enforce safeguards, and prioritize farmer welfare over credit volumes.

    If carbon credits are to play a meaningful role in climate-smart agriculture, they must move beyond hype and financial extraction. Otherwise, the risk is clear: farms will become carbon assets for others while farmers remain as vulnerable as ever.

    Terrablu Climate Technologies Pvt Ltd for more info kindly visit http://www.terrablu.life

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