Economy & Market

Shriram Properties to sell 90 acres of land to LOGOS in Kolkata

Published

4 years ago

April 27, 2022

admin

Logos will invest about $100 million in the project for logistics park

Bengaluru-based Shriram Properties Ltd has entered into an agreement with LOGOS for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara in Kolkata for a logistics park.Logos will invest about $100 million in the project, including land and development costs, and plans to construct 2.2 million sq ft of industrial and warehousing space. This will also be the company’s first project in West Bengal. LOGOS plans to create the land into a modern and sustainable logistics park. The officials said that the company is likely to invest Rs 766 crore in the project, which could create 50,000 direct and indirect jobs in West Bengal.Managing Director and Co-CEO of LOGOS Trent Iliffe told the media that the company is looking forward to working with SPL on this future transaction and entering West Bengal, the leading gateway to Eastern India, to bring best practices in ESG and high-quality logistics and infrastructure to this market. Chairman and Managing Director of Shriram Properties Ltd, M Murali, told the media that LOGOS’ offered investment in Shriram Grand City would change the micro-market and allow us to realise superior value for both stakeholders of companies. The transaction is likely to be completed in the second half of 2022-23 on fulfilment of due diligence and regulatory approvals.Shriram Properties is now developing an integrated township project, Shriram Grand City, on 314 acres it holds at Uttarpara. Residential apartments on around 4.5 million sq ft for 5,500 families are under development, of which over 500 houses will be handed over later this year.

Image Source

Also read:Shriram Properties records Rs 13.21 cr profit in Dec quarter

Up Next

Tata Steel, ArcelorMittal-Nippon Steel may not bid for NMDC facility

Don't Miss

Every house in Palli village to have piped water connections

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

2 days ago

April 13, 2026

admin

The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

2 days ago

April 13, 2026

admin

TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

2 days ago

April 13, 2026

admin

Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.