2022 - The Year Of Residential Real Estate Boom According To The Sattva Group

The real estate sector performed exceptionally well in 2022, a momentum it carried forward from 2021. The residential sector in particular has done phenomenally well with developers registering good sales figures throughout the year,  including SATTVA Group. To further establish this fact, one of the top performing Indian cities, Bangalore, witnessed a steady upsurge in demand,  in many parts of the city, particularly North Bangalore. One of our recent ventures, Sattva Aeropolis met with tremendous success,  when we opened bookings in the first phase at the start of 2022. Talking about the industry at large, “Robust” would summarize the residential real estate in the past year. Despite climbing prices and loan rates, there has been a consistent demand for mid-range and premium housing in major cities. The numbers are optimistic enough in the face of a relatively steady economy: With nearly 4 lakh tier-1 units expected to be sold before the year ends, supply and absorption are rising, while the inventory overhang reduces substantially.  As ready-to-occupy inventory has expanded for most players, there is also a growing demand among active home seekers,  looking for an additional space of 100-150 sq. ft  for  workspaces in residences.

To our delight, the Bengaluru market stayed competitive the whole of 2022; unsold inventory has fallen amidst buyers lining up for houses in the central and inner parts of the city. In Hyderabad, buyers jostled for a limited number of ready units, but we expect further activity to offset the pressure on the market. The third quarter has seen nearly 17,000 new launches, and we predict similar headwinds to uplift the region in the months ahead. Taking into account the aforementioned factors, we foresee steady demand prevailing alongside resilient supply,  as we step into 2023. The post-pandemic period and increase in rental rates have also elevated home ownership beyond its aspirational definition, with more people seeking long-term investments.” – Mr. Bijay Agarwal, MD, Sattva Group

About Sattva Group

With 3 decades of expertise, the Sattva Group has grown into one of the most trusted builders in the country today. Headquartered in Bengaluru, India, it is also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore, and Goa. The Group will soon be expanding its presence in Mumbai. With 66 million sq.ft spaces completed, 28 million sq.ft under construction, and 39 million sq.ft in the planning stage, the Group is one of the most premium builders in India today. The Group’s cutting-edge marquee projects in Hyderabad include Knowledge City, Knowledge Capital, Knowledge Park, and Image Towers (Innovation in Animation, Multimedia, Gaming, and Entertainment), a PPP-based model with the Telangana State Government. By further expanding into various verticals such as co-working, co-living, education, hotels, facilities management, and warehousing, the Group today stands tall as a frontrunner, shaping India’s growth story. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country, renowned for its “A Stable” CRISIL rating for over a decade. 

Radico Khaitan Ltd Launches ‘Festive Edition Of Morpheus Brandy With Goblet In Pack’

* This festive pack consists of a premium quality goblet glass with a 750 ml bottle of Morpheus XO Brandy

To mark the celebrations around Christmas and New Year, Radico Khaitan Ltd, India’s largest IMFL company, launches a Festive Edition pack for Morpheus Brandy, India’s largest-selling premium brandy in different parts of the country.

Presented as a year-end gift for its customers, ‘Morpheus Brandy’s Festive Edition with Goblet in Pack’ consists of a premium quality goblet with a 750 ml bottle of Morpheus XO Brandy. Radico Khaitan Ltd, planned this launch ahead of the festive season, keeping in mind the celebration spirits in people and the trend of gifting around this time of year.

Being the holiday season, this time of year brings a lot of cheer to our lives. As the tagline says, “It is time of the year to fill your goblet with cheer,” the brand wants to bring out the party spirits with festive-like packaging in the lives of its customers.

Commenting on the launch, Mr. Amar Sinha, Chief Operating Officer, Radico Khaitan Ltd, said, “Morpheus embodies the spirit of celebration, and with the festive pack edition, we have attempted to enhance the experience of celebration by giving a goblet as a gift to our customers around the festive season. As you get into the party spirits, we intend to give you another reason to rejoice with this Festive Pack. It is a gift from us to our loyal consumer base, and I am confident this combination will leave a lasting impression on them.”

He added, “Being a hallmark brand for us which has always strived to be unique with its positioning of ‘Dare to Dream,’ Morpheus’ luxurious character allows a more heightened consumer experience. One can relish this drink without any gender restrictions across all age groups. The brand enjoys immense popularity in Southern India. Morpheus Festive Edition Pack is among the slew of innovative initiatives to solidify further the brand’s popularity and position in the market.

This pack is available in Uttar Pradesh, Haryana, Rajasthan, Himachal Pradesh, Punjab, Chandigarh, Telangana, Pondicherry, Karnataka, Madhya Pradesh, Goa, Orissa, Meghalaya, and Sikkim.

Radico Khaitan kicked off 2022 by launching a special edition, “Celebration Pack”, for Morpheus - India’s largest-selling premium brandy. The limited-edition celebration pack was available across Delhi, Uttar Pradesh, Telangana, Pondicherry and Karnataka in the first week of the year. A similar pack was also launched in Kerala at the time of Onam (in September), and the pack was available at the retail stores till Diwali 2022. The Company keeps coming up with innovative packaging ideas to bring out the festive spirit among consumers.

Tata Power Renewable Energy Ltd Receives ‘Letter of Award’ To Set Up 255MW Hybrid Project For Tata Power Delhi Distribution Ltd

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power has received the "Letter of Award" (LoA) from Tata Power Delhi Distribution Limited (Tata Power -DDL), a joint venture of Tata Power and the Govt. of NCT of Delhi, for setting up a 255 MW hybrid (wind and solar) power project in Karnataka. The project will be commissioned within 24 months from the PPA execution date. The letter was awarded through an e-reverse auction. 

The power generated from the project will be supplied to Tata Power- DDL, which supplies electricity to a populace of over 7 million in North Delhi. ?The letter indicates the current capacity bifurcation as 85MW solar and 170MW wind power with the green-shoe option of additional capacity of 85MW solar and 170MW wind. ? 

Speaking on the project win, Mr Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "We are pleased to facilitate Tata Power-DDL's clean energy requirements with the 255 MW hybrid power project. We envision that this association will also encourage other Discoms in the country to enhance the share of sustainable energy in their overall energy mix and contribute towards the country's net zero emission target.” 

With this win, the total renewables capacity of TPREL reaches 6,048 MW with an installed capacity of 3,884 MW (Solar - 2,956 MW & Wind - 928 MW) and 2,164 MW under various stages of implementation. 

About Tata Power:

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,076 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution and trading. 

The Company had developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 5216 MW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 37% of the overall portfolio, the company is a leader in clean energy generation.?It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand. Tata Power is currently serving more than 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha. 

With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al. With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com

About Tata Power Renewable Energy Limited: 

Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of over 1.1 GW at Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. 

As on date, TPREL’s total renewable utility capacity is 6,048 MW including 2,164 MW projects under various stages of implementation and its operational capacity is 3,884MW, which includes 2,956 MW solar and 928 MW wind. Presently, the company's solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.3GW of rooftop and distributed ground mounted systems and over 87,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions. 

Electrosteel Empowers Women In Tirupati District With Well Paying Jobs

* Enabled women can earn around Rs.15000 -18000 Per Month

Electrosteel Castings Limited (ECL), a pioneer in the production of Ductile Iron Pipes and Fittings in India has initiated a skill development training under its Corporate Social Responsibility (CSR) programme to empower women residing in villages around Srikalahasthi in Tirupati district, Andhra Pradesh with the vision of making them self-sufficient. Currently – Srikalahasthi Works, is conducting 100 days - skill development programme on “Tailoring and Fashion Designing” for women by professional trainers from Citizens Welfare Forum, Srikalahasthi. The participants, who have gained tremendous self-confidence, can now earn approximately Rs.15,000/- to Rs. 18,000/- per month from stitching of garments, thus supplementing their family income.

The skill development center with required infrastructure and sewing machines has been set up in the company’s premises in Srikalahasthi. At the skill training centre, a regular batch of 30 women from nearby villages are attending this programme. They are being imparted training on stitching and designing of ladies garments like jackets, traditional women garments, stitching saree fall, etc. While the pandemic had interrupted the programme, the centre was refurbished completely and the infrastructure was updated with new sewing machines to restart the initiative in full swing recently.

There has been an overwhelming response from the participants as well as from other women from the nearby villages to this training and many more have expressed their desire to participate in the forthcoming programme. They have also expressed their desire to learn stitching of men’s garments and kids uniforms to earn additional income. From the first batch, few successful candidates of 2022 will be provided with sewing machines for self-empowerment. This training has been planned as a continuous initiative round the year, churning out batches of skilled, empowered and confident women.

Commenting on this initiative, Mr. Suresh Khandelwal, Chief Operating Officer-Srikalahasthi works said: “Corporate Social Responsibility has a long tradition in Electrosteel. We have created a niche for ourselves, not just as a technology and innovation pioneer, but also as a Company that lives its mantra of "technology that cares". We are committed to Women empowerment which we believe will help in the development of communities around Srikalahasthi.”

Expressing gratitude to the company for its initiative, a participant at the skill development centre, said: “We are grateful to the company for taking up a skill programme that will make us self-sufficient and contribute to our family income.”

Over the years, the company has focused on many initiatives with the objective of improving the livelihood of village communities through active CSR in the areas of Health, Education, Empowerment, Infrastructure Development and Sports.

ABOUT ELECTROSTEEL CASTINGS LIMITED

Electrosteel Castings Limited (ECL) has more than five decades of experience in the water infrastructure business. The company is the largest manufacturer of Ductile Iron (DI) Pipes and fittings in the Indian sub-continent and one of the leading producers in the world.  Its manufacturing activities are spread over 5 different locations in the country. The company has a strong brand presence around the globe and its Pipes and Fittings are exported to more than 90+ countries across 5 continents. Electrosteel has maintained its technological leadership by continual product innovation and technical upgradation.

Toyota Kirloskar Motor Announces Prices Of The All New Innova HyCross

Toyota Kirloskar Motor (TKM) today announced the much-awaited prices of its new Innova HyCross. The new vehicle from Toyota is available in the price range of Rs. 18,30,000 to Rs 28,97,000 (ex-showroom).

The brand-new offering from Toyota was unveiled in November 2022 along with the commencement of bookings.

Based on Toyota New Global Architecture (TNGA), the latest offering celebrates Toyota’s globally recognized Quality, Durability and Reliability backed by advanced technology. The versatile Innova HyCross is a vehicle for every occasion owing to its glamor quotient,  advanced technology , comfort along with  safety and thrill to drive, thus  aptly suited for travelling solo or with friends and family. With a self-charging strong hybrid electric technology providing best in the segment fuel efficiency, makes the Innova HyCross a wise choice for a greener tomorrow.

Commenting on the announcement Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM, said, “The launch of the Innova HyCross is a significant milestone for us in India and we are truly humbled by the overwhelming response received from across the country. This feature packed vehicle demonstrates the spaciousness of an MPV and is perfectly crafted to meet the aspirations of customers.

We are certain that the pricing of the new Innova HyCross will strengthen the legacy of brand Innova while boosting Toyota’s quest for promoting sustainable mobility. This versatile vehicle provides powerful performance, quick acceleration which along with  its comfort and safety , is sure to provide exceptional driving experience.”

The new Innova HyCross is powered by  5th Generation Self-Charging Strong Hybrid Electric System with TNGA 2.0 Litre 4-cylinder gasoline engine and a monocoque frame with an e-drive sequential shift delivering a max power output of 137 kW (183.7 HP), providing rapid acceleration and best in segment fuel economy of 23.24 kmpl^. The vehicle also comes with the option of a TNGA 2.0 Litre 4-cylinder gasoline engine mated to a direct shift CVT in select grades delivering an output of 129 kW (171.6 HP ) and offering class leading fuel economy of 16.13 kmpl^.

The new Innova HyCross is available in Super White, Platinum White Pearl, Silver Metallic, Attitude Black Mica, Sparkling Black Pearl Crystal Shine, Avant Grade Bronze Metallic and an exciting new color Blackish Ageha Glass Flake. Interiors in Black and with two new colors Chestnut & Black and Dark Chestnut, reflecting advanced and premium impression.

The new Innova HyCross offers the renowned Toyota experience through a warranty of 3 years/100,000 kilometers and an option of extended warranty of up to 5 years/220,000 kilometers, 3 years free roadside assistance, attractive financial schemes and 8 yrs/160,000 kilometers warranty on the Hybrid battery.

^ As per certification under Rule 115(18) of CMVR 1989

Experience a ‘New World Of Mobility’ With SUN Mobility At The Auto Expo 2023

* Unveiling a reimagined change to Urban Mobility, through products Made in India, for the World

SUN Mobility, a leading provider of energy infrastructure and services for Electric Vehicles, will unveil an exciting piece of innovation in the EV refueling ecosystem at the Auto Expo 2023!

The upcoming national policy to promote battery-swapping technologies has paved the way for accelerating mass EV adoption in India. An ecosystem of players who are technology providers, manufacturers, users, and enablers of this solution is mushrooming across the country.

Pioneer in the battery swapping space, SUN Mobility aims to propel the adoption of 1 million EVs by 2025 by addressing some of the key EV adoption issues - high cost, range anxiety, long charging time, and lack of infrastructure. At present, SUN Mobility has deployed 212 Swap Points™ (each with a capacity to do over 200 battery swaps per day) across 18 cities in the country and has powered over 50 million emission-free km and over 2.7 million battery swaps so far.

With both eyes on the 2025 target, SUN Mobility will not just launch one but two innovative products, one of them being their all-new next-generation battery technology!

For more information, visit: www.sunmobility.com

Birlasoft Enables Best Value Chem Pvt. Ltd. To Drive Scalability Through Successful Implementation Of RISE With SAP

Birlasoft Ltd [BSE: 532400, NSE: BSOFT], part of the USD 2.8 billion diversified CK Birla Group, and a global enterprise digital and IT services company, has strengthened its relationship with Best Value Chem Private Limited, a leading manufacturer of fragrance and flavour ingredients in India, by leveraging RISE with SAP to transform its digital landscape on the cloud.

Prior to the implementation, Best Value Chem Private Limited faced system control and audit issues forcing them to use multiple applications to handle different functions resulting in data integrity and control issues. They also faced challenges in extracting the right data for cost and margins. The timely availability of MIS reports was another hurdle. In addition, there were difficulties in inventory controls due to the non-availability of material movement, issues in tracking with batch/lot numbers, and proper inventory aging information.

With the implementation of RISE with SAP, Birlasoft streamlined and modernized the operations of Best Value Chem Private Limited to drive innovation across its business functions, including Finance, Procurement, Production Planning, Sales and Quality Management. The entire migration was completed within five months.

This helped Best Value Chem Private Limited to embrace scalability, agility, flexibility and productivity in their daily operations and business performance. It also helped create a platform for the intelligent business process by using AI /ML technologies and building robust reporting mechanisms.

Shreeranganath Kulkarni (SK), Chief Delivery Officer, Birlasoft, said, “The ever-changing IT landscape has encouraged enterprises to expedite their digital transformation journeys. Our industry-focused EDGE solutions and proven capabilities ensured the successful implementation of RISE with SAP for Best Value Chem Private Limited, leading them to be more resilient, sustainable, and competitive. We are a proud partner in Best Value Chem’s digital transformation journey.”

“BVC has achieved a major milestone with the implementation of RISE With SAP. With this, we are glad to commence our digital transformation journey. Having a legacy of 25 years, BVC needed a robust, innovative, and resilient solution to give us an edge in the coming years. We chose Birlasoft as our partner for this digital transformation owing to its strong market presence and established competitive position. This will help us drive transparency, efficiency, accountability, and business stability,” said Shaju CO, CEO, Best Value Chem Private Limited.

“Cloud technology is now mission-critical for businesses of all sizes and industries. And it is our partners like Birlasoft who are accelerating this growth trajectory for customers such as Best Value Chem. We’re extremely excited to become an integral part of this journey, that they’ve chosen towards excellence through SAP for digital transformation,” said Rajeev Singh, Vice President & Head - Midmarket, SAP Indian Subcontinent.

Cloud adoption and acceleration are an integral part of Birlasoft’s Digitalization Strategy and RISE with SAP provides customers with better operational efficiencies, including seamless multi-cloud connectivity.

Birlasoft helps enterprises increase their speed-to-market, grow their revenue and reduce the total cost of operations. It also helps benchmark business performance with best-in-class KPIs, templatized industry solutions aligned with RISE with SAP for focused industry verticals and a Proprietary Intelligent Automation Platform tailored to outcome-based support and services. In addition, it helps focus on program execution following the Define, Measure, Analyze, Improve, and Control approach to stay lean and ensure fast and agile implementations.

About Birlasoft

Challenge The Norm

Birlasoft combines the power of domain, enterprise, and digital technologies to reimagine business processes for customers and their ecosystem. Its consultative and design thinking approach makes societies more productive by helping customers run businesses. As part of the multibillion dollar diversified The CK Birla Group, Birlasoft, with its 12,500+ professionals, is committed to continuing its 160-year heritage of building sustainable communities. For further information, visit www.birlasoft.com

About SAP

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.