2 days ago
Arisinfra signs Rs 75 crore MOU with Wadhwa Construction for Panvel Wise City project
By Aditya Bhagchandani Published on July 15, 2025, 18:20 IST
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.
