 "Prachi Pisal")
Prachi Pisal
Prachi Pisal
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Prachi Pisal is a correspondent at Business Standard, where she reports on real estate, roads, ports, and the cement sector. Her work examines how policy decisions, corporate strategies, and market forces intersect to shape India’s built environment and core industries. She works across breaking news, earnings coverage, and data-backed trend stories, drawing on interviews with industry leaders and market participants. Prachi has also covered elections, live events, and on-ground developments. She holds a postgraduate diploma in English Journalism from the Indian Institute of Mass Communication, New Delhi, and a bachelor’s degree in science from Shivaji University. Her interests include cricket, politics, and Marathi cinema classics.
Page 22 - Prachi Pisal
UltraTech to sell 6.49% stake in India Cements worth Rs 745 cr via OFS
UltraTech Cement will sell its 6.49 per cent stake in India Cements worth Rs 745 crore via offer for sale to meet regulatory norms on public shareholding by 2026
 "UltraTech to sell 6.49% stake in India Cements worth Rs 745 cr via OFS")
Cube Highways Trust raises Rs 820 cr via NCDs for debt repayment
Cube Highways Trust has raised Rs 820 crore via non-convertible debentures issued across 3.5-year and 10-year tenors, with proceeds used for repayment of existing debt
 "Cube Highways Trust raises Rs 820 cr via NCDs for debt repayment")
Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC
Mindspace Reit has raised Rs 550 crore through sustainability-linked bonds from IFC, the World Bank Group arm, in the first issuance under Sebi's new ESG framework
 "Mindspace Reit raises Rs 550 cr via sustainability-linked bonds from IFC")
Welspun One to invest ₹2,150 cr for warehouses across Karnataka, Tamil Nadu
Welspun One Logistics Parks expands Karnataka and Tamil Nadu portfolio to 260 acres with Rs 2,150 crore investment, targeting 6 msf development in high-potential corridors
 "Welspun One to invest ₹2,150 cr for warehouses across Karnataka, Tamil Nadu")
Cement demand to benefit from govt's manufacturing, infra push: Birla
UltraTech Cement Chairman Kumar Mangalam Birla says cement demand will grow on the back of government's focus on manufacturing, infrastructure projects, housing, and policy support
 "Cement demand to benefit from govt's manufacturing, infra push: Birla")
MoRTH tightens HAM norms; 25% of developers may be barred from bidding
Crisil says revised financial and technical norms for HAM projects could restrict 25 per cent of current developers, with stricter net worth and execution track record criteria
 "MoRTH tightens HAM norms; 25% of developers may be barred from bidding")
Reliance Infrastructure bags NHPC's Rs 4,000-crore solar-battery project
The company received NHPC's 390 megawatt solar power project and 780 megawatt-hour battery energy storage system
 "Reliance Infrastructure bags NHPC's Rs 4,000-crore solar-battery project")
Rentals on rise: Robust office space demand set to benefit landowners
Recent office demand has been driven by global capability centres (GCCs), flex space operators, and domestic businesses
 "Rentals on rise: Robust office space demand set to benefit landowners")
Top 300 business families generate ₹7,820 crore daily: Hurun list
Collectively worth Rs 137 trillion, the businesses of the top 300 families on the list generated Rs 7,820 crore in value every single day
 "Top 300 business families generate ₹7,820 crore daily: Hurun list")
Q1 result review: Cement companies lay foundation for strong FY26
Improved realisations from price gains and stable input costs help firms report profitable June quarter
 "Q1 result review: Cement companies lay foundation for strong FY26")
IRB Infra Q1 FY26 results: Profit jumps 45% on stronger toll revenues
IRB Infra's Q1 FY26 profit rose 44.6% YoY to ₹202.5 crore on 8% higher toll revenue, aided by InvIT asset gains, with O&M order book set to expand after acquisitions
 "IRB Infra Q1 FY26 results: Profit jumps 45% on stronger toll revenues")
Indian Reits distribute Rs 1,559 cr in Q1 FY26, post 13% Y-o-Y growth
Brookfield, Embassy, Mindspace and Nexus Reits paid over 270,000 unitholders in Q1 FY26, with cumulative payouts crossing Rs 24,300 crore since inception
 "Indian Reits distribute Rs 1,559 cr in Q1 FY26, post 13% Y-o-Y growth")
Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales
The realty firm saw an 83% rise in pre-sales and 101% surge in sale realisation, but revenue declined due to project completion-based accounting
 "Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales")
No option for global firms but to come to India: Brookfield's Alok Aggarwal
The need for companies to outsource is fundamental. There's no option for global firms but to come to India. India is a pool of talent. India's gross office absorption has been around 90 msf
 "No option for global firms but to come to India: Brookfield's Alok Aggarwal")
Knight Frank upbeat about the next phase of India's robust growth
The need for GCCs and India-facing businesses in India has increased dramatically. These two factors have contributed to the office demand, said Baijal, Knight Frank India, chairperson
 "Knight Frank upbeat about the next phase of India's robust growth")
Lodha Developers to raise ₹5,000 crore through NCDs for expansion
Lodha Developers' board approves raising Rs 5,000 crore via NCDs to diversify debt, reduce funding costs and support expansion across Mumbai, Pune and Bengaluru
 "Lodha Developers to raise ₹5,000 crore through NCDs for expansion")
Tesla leases space in New Delhi's Aerocity for 3rd showroom in India
Electric carmaker adds to outlets in Mumbai and Gurgaon as part of expansion plans
 "Tesla leases space in New Delhi's Aerocity for 3rd showroom in India")
Reliance Infra units to recover Rs 28,483 cr of regulatory assets in 4 yrs
R-Infra posted a profit (attributable to owners of the parent company) for the first quarter of FY26 of Rs 59.84 crore against a loss of Rs 233.74 crore incurred in Q1 FY25
Not trying to make quick money; India long-term bet for us: CLINT ED & CEO
Over the next four to five years, we expect to go from 22 msf to about 33 msf, says Nagabhushanam
 "Not trying to make quick money; India long-term bet for us: CLINT ED & CEO")
Stable rate will nudge people to buy homes: Real estate industry execs
RBI decision expected to boost affordable and mid-income housing, they say
 "Stable rate will nudge people to buy homes: Real estate industry execs")