 "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 45 - Prachi Pisal
HC upholds arbitral award in favour of R-Infra in judgement on DVC petition
The arbitration award is worth approximately Rs 780 crore, including accrued interest, and bank guarantees of Rs 600 crore will also be released
 "HC upholds arbitral award in favour of R-Infra in judgement on DVC petition")
R-Infra to consider raising long-term capital in board meeting on October 1
The company recently received Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms
Housing sales dip 11% in third quarter of CY24 in top 7 cities: Report
Market stabilising and 'demand-supply equation robust', says property consulting company ANAROCK
 "Housing sales dip 11% in third quarter of CY24 in top 7 cities: Report")
Office space absorption increases 31% in September quarter: Colliers
Bengaluru, Hyderabad led the pack, driving over half of the quarterly space uptake in Q3 2024
 "Office space absorption increases 31% in September quarter: Colliers")
JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan
As part of the agreement, JNPA will facilitate subsidised loans and insurance policies tailored for the dyemakers in the region
 "JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan")
Mumbai's first underground Metro gears up for partial launch in October
Phase one to run on a 12.44 km long stretch between Aarey Depot and BKC
 "Mumbai's first underground Metro gears up for partial launch in October")
Cong raises alarm as SBI decides to pick equity in debt-laden infra firm
Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.
 "Cong raises alarm as SBI decides to pick equity in debt-laden infra firm")
Indian real estate to grow to $10 trillion market by 2047: Report
Real estate gets institutional investments of over $60 billion in last decade, Colliers-CREDAI report
 "Indian real estate to grow to $10 trillion market by 2047: Report")
EPCs may have opportunities worth Rs 2.6 trn over next decade: ICRA
Projects worth ₹80,000 crore are estimated to be awarded in the next four years
 "EPCs may have opportunities worth Rs 2.6 trn over next decade: ICRA")
'Over 25 thousand buildings in MMR are qualified for redevelopment'
The estimated value of redevelopment in MMR is over Rs 30,000 crore, as per CREDAI-MCHI
Adani Ports sign MoU with Rorix Holdings for trade, logistics purposes
Adani Ports and Special Economic Zone Limited (APSEZ) is India's largest port developer and operator
 "Adani Ports sign MoU with Rorix Holdings for trade, logistics purposes")
Reliance Infrastructure gets Rs 1,100 crore infusion from promoters
Of this issue, Rs 1,104 crore will be invested by the promoters of Reliance Infrastructure through the promoter company Risee Infinity Private Limited. Risee will subscribe to 46 million shares
Reliance Infra board approves preferential issue worth Rs 3,014 crore
Looks to raise another Rs 3000 cr from QIP
 "Reliance Infra board approves preferential issue worth Rs 3,014 crore")
India to become third-largest economy by 2030-31, says S&P Global
The country is forecast to grow at an annual rate of 6.7 per cent
 "India to become third-largest economy by 2030-31, says S&P Global")
RInfra pares debt by 87% to Rs 475 cr; clears dues with banks and ARCs
RInfra said, "Invent Assets Securitisation and Reconstruction Private has novated certain charged securities to recover its dues"
 "RInfra pares debt by 87% to Rs 475 cr; clears dues with banks and ARCs")
IRA launches three data benchmarking institutions for Reit investors
The institutions would serve as a central repository of the Indian Reit sector's data
 "IRA launches three data benchmarking institutions for Reit investors")
Reliance Infra cuts standalone external debt by 88% to Rs 475 crore
The company recently announced its plan of raising long-term capital
Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion
JWL also informed that it has changed the name of its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory
 "Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion")
Road projects awarding declines, competition to remain elevated: ICRA
HAM and EPC will continue to dominate project awards along with an increase in the share of BOT projects in FY 2025
 "Road projects awarding declines, competition to remain elevated: ICRA")
Rel Infra to consider raising long-term capital; board meeting on Sept 19
The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021