Arisinfra signs Rs 75 crore MOU with Wadhwa Construction for Panvel Wise City project
Arisinfra Solutions Ltd. (NSE: ARISINFRA), India's listed provider of organised construction material supply and value-added services, announced it has signed a Memorandum of Understanding (MOU) with Wadhwa Construction and Infrastructure Pvt. Ltd. for the next phase of the flagship Wadhwa Wise City project in Panvel.
The company will supply materials for the development of seven new residential towers covering a total construction area of 1.2 million sq. ft. This phase is expected to generate approximately ₹75 crore in revenue for Arisinfra over the next 36–40 months.
Wadhwa Wise City, spread across 250+ acres near the upcoming Navi Mumbai International Airport, is an integrated township featuring homes, villas, commercial and retail spaces, educational institutions, and spiritual centres. With over 3,000 homes already delivered, this next phase aligns with the region's ongoing infrastructure growth, including the Panvel–Karjat suburban railway line.
Ronak Morbia, Chairman & Managing Director of Arisinfra, said: 'We are proud to deepen our association with the Wadhwa Group on a landmark development like Wise City. This mandate demonstrates our execution capability and the trust we've built by solving real supply chain gaps for large projects.'
Navin Makhija, Promoter of The Wadhwa Group, added: 'Having a trusted partner like Arisinfra gives us the confidence to plan ahead — knowing that reliable material supplies are taken care of seamlessly, we can focus on delivering a thriving urban community at scale.'
The agreement further strengthens Arisinfra's strategy of partnering with top developers to build long-term material supply pipelines through dependable service and a robust distribution network.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
12 hours ago
- Business Upturn
Emcure and Sanofi India announce exclusive partnership to distribute oral anti-diabetic drugs in India
By Aditya Bhagchandani Published on July 16, 2025, 17:23 IST Emcure Pharmaceuticals Ltd. and Sanofi India Ltd. (SIL) have announced an exclusive distribution and promotion agreement for Sanofi's oral anti-diabetic (OAD) products in India, effective immediately. Under this partnership, Emcure will distribute and promote SIL's widely prescribed OAD brands, including Amaryl® and Cetapin®, leveraging its deep reach and network across India. Sanofi will continue to own and manufacture these products at its plants in India and globally. The collaboration aims to expand access to trusted oral diabetes medicines to millions of patients across the country. Notably, there will be no employee transfers from Sanofi to Emcure as part of this deal. Eric Mansion, GM Pharma Southeast Asia and India at Sanofi, said: 'Over 100 million Indians live with type 2 diabetes, and more than 60% have uncontrolled blood sugar levels. With Emcure's reach, we aim to unlock the full potential of our industry-leading OADs for patients and healthcare professionals.' Satish Mehta, CEO & MD of Emcure, added: 'This partnership aligns with our mission to improve patient access to high-quality therapies and complements our existing diabetes portfolio, supporting better diabetes care nationwide.' This alliance brings together Sanofi's strong brand portfolio and Emcure's extensive distribution network, strengthening both companies' presence in the critical diabetes care segment. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12 hours ago
- Business Upturn
Hindustan Zinc secures LoI for Rajasthan potash and halite block
Hindustan Zinc Limited (HZL) announced on July 16, 2025, that it has received a Letter of Intent (LoI) from the Ministry of Mines, Government of India, confirming it as the preferred bidder for the Jhandawali–Satipura Amalgamated Potash and Halite Block in Rajasthan. The LoI was issued under Rule 18(1) of the Mineral Auction Rules, 2015, following an e-auction conducted by the ministry. The block, located in Hanumangarh district, Rajasthan, spans an area of approximately 1,841.25 hectares and will be granted to HZL as a composite license (covering both prospecting and mining). This acquisition is aligned with HZL's strategy to diversify into other minerals and expand its resource base beyond zinc and lead. The company had earlier intimated about its bid through a letter dated May 28, 2025, and the receipt of the LoI marks the next step toward operationalizing this resource. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12 hours ago
- Business Upturn
Godawari Power & Ispat gets environment clearance for 2 MTPA integrated steel plant in Raipur
By Aditya Bhagchandani Published on July 16, 2025, 18:20 IST Godawari Power & Ispat Ltd (GPIL) announced on July 16, 2025, that it has received the much-awaited environment clearance from the Ministry of Environment, Forest & Climate Change, Government of India for setting up a 2 million tonnes per annum (MTPA) integrated steel plant. The clearance was granted by the ministry's Impact Assessment Division — Industrial Projects during the 7th meeting of the Expert Appraisal Committee (EAC) held on July 9, 2025, with the minutes uploaded to the ministry's website on July 16. The proposed plant, with 2×1 MTPA modules, will be located at Village Sarora, Tahsil Tilda, District Raipur, Chhattisgarh. This approval marks a significant milestone in GPIL's expansion plans to strengthen its presence in India's steel sector while ensuring compliance with environmental and sustainability standards. The company has requested exchanges to take this information on record as per SEBI (LODR) Regulations, 2015. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
