Sesa Sterlite to invest $782 mn in Africa

01 Dec 2014 Editorial Team

Sesa Sterlite has approved the development of Gamsberg-Skorpion Integrated Zinc project in South Africa and Namibia for $782 mn, to be invested over a three-year period. The amount will be spent on the development of open pit zinc mine in Gamsberg, South Africa, and the conversion of Skorpion Zinc Refinery in Namibia. Majority of the investment, around $630 mn, will go towards developing an open-pit zinc mine, concentrator plant and associated infrastructure at Gamsberg. The balance investment will be used to convert the refinery so that it can refine zinc concentrates from the Gamsberg mine into special high grade zinc meta.

Real Estate

27 Jun 2025

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points鈥攋ust 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Infrastructure Urban

27 Jun 2025

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India鈥檚 leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company鈥檚 total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Resources

27 Jun 2025

Noesis Enables IHCL Hotel Deal in Udupi鈥揗anipal Corridor

NOESIS Capital Advisors, India鈥檚 leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi鈥揗anipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS鈥� position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi鈥揗anipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..