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Brigade Group has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. Spanning approximately 20 acres, the project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet.
Commenting on the development, Pavitra Shankar, Managing Director, Brigade Enterprises, said: “We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to key hubs in Bengaluru. With improving infrastructure and enhanced accessibility, more homebuyers are exploring well-connected, affordable living options beyond the city's core. Through this development, we aim to introduce a thoughtfully designed residential offering that enhances value for homebuyers while contributing to the region's growth.”
This marks Brigade Group's first plotted development project in East Bengaluru, reinforcing its presence in one of the city's expanding residential corridors.
Widening further its business diversification portfolio into thermal power generation, Coal India (CIL) formally joined hands with Damodar Valley Corporation (DVC) to set up a coal fired 2×800 MW Ultra Supercritical Power Plants in Jharkhand. DVC is the power generator that operates in the states of West Bengal and Jharkhand. This would be a Brownfield project - an expansion of existing Chandrapura Thermal Power Station (CTPS) of 2 X 250 MW capacity.
A non-binding Memorandum of Understanding (MoU) was signed between the two government owned energy entities on 21 April 2025 in Kolkata.
The total investment would be to the tune of Rs. 16,500 crore. The joint venture company would be on 50% equity sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity from CIL's subsidiary companies Bharat Coking Coal and Central Coalfields.
The NMPA approval followed a rigorous review focused on GMP compliance and operational readiness. The Shanghai site successfully met all regulatory expectations, reflecting the maturing of its operations and the strength of its quality systems. This milestone marks a pivotal step in CARBOGEN AMCIS' expansion in China and reinforces its commitment to customers in the region.
Located in the Shanghai Chemical Industry Park (SCIP), the 40,000m² site is a fully self-supporting facility equipped for early-phase research and development, pilot scale production and commercial GMP manufacture. Its services range from raw materials to APIs, including high potency material handling and micronization. With equipment in four segregated units and reactor capacities from 50 to 6,300 litres, the facility is built for flexibility, efficiency and scalability. The site employs over 140 people and brings together an international team of specialists whose expertise, combined with advanced infrastructure, enables the delivery of tailored, scalable solutions to customers worldwide.
Consequent to this allotment, the paid-up equity share capital of the Company stands increased from Rs 31,58,79,846 consisting of 31,58,79,846 equity shares of Rs 1 each to Rs 31,60,39,711 consisting of 31,60,39,711 equity shares of Rs 1 each.