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Under this collaboration, NBCC will act as a project management consultancy (PMC) contractor for the next two to three years, managing and executing the project.

The gigafactory is expected to add 9,500 direct jobs and about 30,000 related jobs.

The acquisition value is up to €3.8 million (₹35.13 crore). As per the agreement, Wendt India will acquire exclusive rights to 60 trademarks registration across 40 countries.

The merger took effect on March 29, 2025, after all necessary regulatory approvals were obtained.

The SBLC was originally issued by Borosil Renewables to HDFC Bank’s Mumbai branch, and was used to back a €12 million loan that HDFC’s GIFT City branch had given GMB.

The second, valued at ₹255 crore, is for the Dholpur-Bina section in the North Central Railway’s Jhansi Division.

The newly awarded contracts will help enable troop transportation, logistics & other specialized mobility requirements in support of the CIWS programme

An industry veteran of over 30 years, he has worked across sectors including cement, construction, power and heavy metals and this experience will be an asset to the company.

The Yelahanka project will have approximately 1.5 million square feet of saleable area and will comprise primarily premium residential apartments and high-street retail.

The cumulative demand, including interest charges, is ₹183.11 crore.