Economy & Market

Portman to raise $300 mn India realty fund

Published

13 years ago

November 4, 2012

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Portman Holdings is looking to raise up to $300 million (over 1,600 crore) worth of third-party capital to invest in Indian property markets. The company is an US-based real estate development and investment company.

Portman Holdings will raise these funds in overseas markets beginning first half of 2013 and deploy the entire corpus in the next 30 months once the fund raising is concluded. Apart from these third-party funds, Portman will also continue to invest its own capital into Indian real estate.

Ambrish Baisiwala, CEO, Portman said that the company is bullish on India apart from US and China. Even at six per cent growth, India will be the second-fastest growing economy among the larger ones. Our existing two investments in India that it made since 2009 have been performing well with positive returns.

So far, Portman has invested $160 million ( 860 crore) in Pune-based Kolte-Patil Developers’ two projects. Both are residential projects with total development of 1.8 million sq ft in Pune.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.