The company said this long term development aligns with its strategy to scale up its commercial real estate portfolio in major South Indian markets.
The promoters and promoter group of International Conveyors have no interest in Ganesha Ecosphere, and the deal was executed at arm’s length.
The projects fall under the Revamped Reforms based and Results linked Distribution Sector Scheme.
Both companies plan to jointly explore and develop AI applications that integrate software intelligence with physical systems used in industrial environments.
Ravishanker Kovi, the founder and executive chairman of RK Pharma, commented that Zydus Life has a powerful commercial footprint.
The company’s share in the project, in terms of free sale component, is estimated at around 1.18 lakh square feet (RERA carpet area) currently.
Patel Engineering stated in its exchange filings that neither the promoters nor the promoter groups have any interest in the awarding entity.
The company said that it completed the transaction on November 26, 2025. The sale is carried out at an aggregate consideration of ₹1,814.42 Crore.
Berger Paints Emirates is a unit of Asian Paints International Private Limited, Singapore, which is a wholly-owned subsidiary of Asian Paints.
The latest order involves the supply of four high-pressure utility boilers, each with a capacity of 400 TPH, along with all related auxiliaries.

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