Suraksha to Complete 20,000 Unfinished Jaypee Infratech 亚博体育官网首页s

07 May 2025 CW Team

Suraksha Group has committed Rs 55 Bn to complete around 20,000 stalled homes under Jaypee Infratech, with full delivery targeted by 2027. The group has secured a Rs 30 Bn credit line and infused Rs 1.25 Bn in equity to resolve the long-standing homebuyer crisis.

Construction is underway across 159 residential towers. Occupancy certificates have been issued for 22 towers, applications filed for 12 more, and an additional 18 expected by early June. Jaypee Infratech aims to deliver 62 towers by the end of 2025, while the remaining 97 will be handed over within the next 40 months.

Despite prior delays caused by GRAP orders, most construction work has been awarded to former contractors of Jaypee Associates Limited. Real Estate Regulatory Authority (RERA) approvals are in place for most sites, and the sale of 1,100 unsold units is expected to begin shortly.

The National Company Law Appellate Tribunal approved Suraksha鈥檚 resolution plan in 2024. Under the agreement, Suraksha is required to pay Rs 13.35 Bn to the Yamuna Expressway Industrial Development Authority over four years.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..