Prestige Group Launches Prestige Pine Forest in Whitefield

Key Takeaways from Prestige Group Launch:

• Prestige Group had launched the Prestige Pine Forest in Whitefield, Bangalore on September 25. 
• This development sprawls over 9 acres and combines 316 units in 4 high-rise towers placed under a strong emphasis on green spaces and modern amenities.
• Ideally located near the key IT parks and more than 50 educational institutions, it is a best place for professionals as well as families.
• Offers three and four bedroom apartments between 2,442 to 3,556 square feet. No adjoining walls guarantee complete personal space.
• Prestige Raintree Park was built next door, with 1,520 luxury homes carrying a promise to produce revenues of Rs 5,000 crores.

Prestige Pine Forest is well connected, which is a few minutes from all key IT parks like ITPL, Outer Ring Road and Sarjapur Road. This ensures perfect comfort for professionals seeking proximity to their workplaces. More than 50 renowned educational institutions have come up close by, making this appeal all the more apt for families.

Prestige Pine Forest covered an area of 9 acres and possessed 316 units in 4 towers that were simply architectural excellence and skill. The 2,442-to-3,556 square feet apartments were extended for the 3-and 4-bedroom apartments, with some flaunting family rooms and large balconies facing sprawling views of the city. Interestingly, no two units share walls, so there is complete privacy for its residents.

With modern lifestyle needs in mind, conference halls and workstations line the lobbies of the towers to provide a productive space for those working from home. Approximate 7 acres of landscaped grounds complete with lifestyle amenities such as a Pet Park and a Fitness Trail also feature in the development.

Commenting on the development, Praveer Shrivastava, Senior Executive VP of Residential at Prestige Group, said, the company is glad to introduce Prestige Pine Forest that speaks volumes of luxury, comfort, and convenience. This project redefines the benchmark for quality and craftsmanship and will become one of the most sought-after residential communities in Bangalore.

Prestige Group, besides Prestige Pine Forest, has unveiled Prestige Raintree Park in Whitefield, yet another gargantuan project that could bring in business worth INR 5,000 crores. This will house 1,520 luxury residences in 18 towers across an expansive 21 acres of land overlooking the picturesque Varthur Lake. Replete with every advanced facility and built on a vast expanse with one of the biggest clubhouse complexes in Bengaluru, a higher life awaits you at Prestige Raintree Park.

About Prestige Group: 

Prestige Group has real estate development experience for more than three decades. The business model diversifies in the following segments: Residential, Office, Retail, Hospitality, Property Management, and Warehouses. The company can boast of a presence in more than 13 major locations across India and has completed over 300 projects across its total developable area of 190 million square feet. The company has scored high ratings as it has been rated with a CRISIL DA1+ and is also rated with an ICRA A+ credit rating, which means commitment to quality and reliability in the real estate sector.

About Prestige Pine Forest:

Prestige Pine Forest is a luxury apartment complex in Pattandur Agrahara, off ECC Road in Whitefield, East Bangalore. The 9 acres of area has 316 units with 3, 3.5, 4, and 4.5 BHK Vaastu compliant apartments. Ultra-luxury with 4 towers at 2 basements plus 15 floors high rise.

Key Takeaways from the Appointment

• C.S. Verma appointed as Chairman of SML Isuzu Limited, succeeding S.K. Tuteja.
• Verma has over 40 years of experience having led major companies like SAIL and NMDC.
• Recognised for excellence in corporate leadership, Verma’s appointment is expected to drive growth and innovation at SML Isuzu.

Mr. Verma has extensive experience spanning four decades, with major roles in various industries, including Chairman and Managing Director (CMD) of the Steel Authority of India Limited (SAIL) from 2010-2015. He has also served as the Chairman at National Mineral Development Corporation (NMDC) and International Coal Ventures Ltd (ICVL), and as Director (Finance) at BHEL.

He has won prestigious awards, including the 'CEO of the Year' award at the Platts Global Metals Awards and the SCOPE Award for Excellence in Public Sector Management. The company is motivated that he will leverage his experience and vision to take SML Isuzu to new heights.

About SML Isuzu Limited

SML Isuzu Limited, originally known as Swaraj Mazda Limited, was established in July 1983 in Punjab to manufacture light commercial vehicles (LCVs). The company began its commercial operations in 1986. Currently, Sumitomo Corporation of Japan, the company’s promoter, holds a 44% stake, while Isuzu Motors, Japan, holds a 15% stake as the technical partner. SML Isuzu produces a variety of commercial vehicles, including buses, trucks, and specialised vehicles such as ambulances, tippers, police vans, and water tankers.  

Key Takeaways from the Announcement

• Power & Instrumentation (Gujarat) Limited will oversee the power supply system at Udaipur Airport's new terminal.
• The company will handle the power infrastructure's design, implementation, and commissioning.
• The new terminal will increase passenger capacity and feature upgraded facilities like aerobridges and check-in counters.

PIGL will be working under the main contractor, Nyati Engineers & Consultants Private Limited, as part of the airport's modernisation efforts.

According to a stock exchange filing, PIGL's role will consist of the design, development, and delivery of the terminal's power infrastructure, which will provide power distribution, electrical substations, and energy management systems by strict safety and regulatory requirements.

The terminal, which will cover an area of 5,92,187 sq ft, will increase capacity from 680 to 2,050 passengers and include facilities such as aerobridges, check-in counters, and security lanes. PIGL's experience will contribute to power systems that are efficient and dependable and will support these deliverables. 

Commenting on the announcement, Mr. Padmaraj Padmnabhan Pillai, Managing Director, Power & Instrumentation (Gujarat) Limited, said, “We are honoured to be appointed by the Airports Authority of India as the specialised agency for the power supply system at Maharana Pratap Airport's new Integrated Passenger Terminal Building. This prestigious assignment underscores our deep-rooted expertise and the confidence placed in us to execute complex, large-scale projects within the aviation sector.”

About Power & Instrumentation (Gujarat) Limited (PIGL)

Power & Instrumentation (Gujarat) Limited (PIGL) was founded in 1975 and has become a prominent player in the electrical contracting industry, specialising in Engineering, Procurement, and Construction (EPC) solutions. The company offers services in electrical engineering, focusing on transmission, distribution, and maintenance of energy-efficient power systems.

PIGL has completed over 35 airport projects, electrified more than 100,000 Below Poverty Line (BPL) households, and laid over 20,000 kilometres of high-tension (HT) and low-tension (LT) lines. Its expertise includes the design, installation, and maintenance of substations, power backup systems, distribution panels, lighting, access control, firefighting, and building management systems.

In May 2023, the company migrated to the main boards of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), marking a major growth milestone. For FY24, PIGL reported a total income of ₹102.03 crore, an EBITDA of ₹12.36 crore, and a net profit of ₹5.93 crore.

Key Takeaways from Adani Enterprises Incorporates New Arm AGCC:

• On 24 September 2024, Adani Enterprises established a wholly-owned subsidiary Adani GCC Private Limited, (AGCC).
• Its authorised and paid-up share capital is Rs 5,00,000, divided into equity shares of a face value of Rs 10 each.
• There is no turnover for the subsidiary as the business operations have not commenced yet.
• AGCC will provide business transformation, back office support, IT services, digital transformation, data processing, and supply chain management.

The authorised and paid-up share capital of AGCC would be Rs 5,00,000 divided into equity shares of the face value of Rs 10 each. As of now, the company does not have any turnover because it does not have business operations yet.

The subsidiary would focus on a diverse set of services such as business transformation, back office support in finance and accounts and human resources, IT services, digital transformation, data processing and supply chain management.

About Adani Enterprises Limited:

Adani Enterprises Limited (AEL) is part of the Adani Group, a mega company in India's energy and infrastructure sectors, having completed large projects. AEL is viewed as one of the largest business incubators listed in India and operates in four key areas of business - energy and utility, transportation and logistics, consumer goods, and primary industry. The firm does well balancing old well-established ventures with emerging businesses.

Since its inception, AEL has developed new business ideas under the Adani portfolio. By providing them additional time to mature into significant, standalone companies, it has regularly added value to the shareholders. Over the past 25 years, AEL incubated and listed six companies: Adani Ports, Adani Power, Adani Transmission, Adani Green Energy, Adani Total Gas, and Adani Wilmar of which have returned very significantly to investors.