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May 23, 2015 8:17 AM ET

Construction and Engineering

Company Overview of Shapoorji Pallonji & Company Limited

Company Overview

Shapoorji Pallonji & Company Limited, through its subsidiaries, operates in construction, real estate, infrastructure, biofuels and agriculture, consumer products, electro-mechanical and MEP services, facades and interiors, engineering, textiles, business automation, and shipping and logistics businesses in India, the Middle East, and Africa. It builds luxury apartments, affordable housing, IT parks, ITeS SEZs, institutional campuses, hospitals and R & D facilities, hotels, stadiums, entertainment hubs, cultural venues, villas, ancillary buildings, retail malls, airports, banks, corporate offices, factories, multiplexes, highways, toll ways, automobile, fertilizers/chemical, pharmaceutical, ...

41/44, Minoo Desai Marg

Colaba

Mumbai,  400005

India

Founded in 1865

Phone:

91 22 6749 0000

Fax:

91 22 6633 8176

Key Executives for Shapoorji Pallonji & Company Limited

Chief Executive Officer and Managing Director
General Manager of Operations
Vice President of Business Development
Compensation as of Fiscal Year 2014.

Shapoorji Pallonji & Company Limited Key Developments

NTPC To Reportedly Acquire Stranded Plants

NTPC Ltd. (BSE:532555) intends acquire stranded plants. NTPC is reportedly in talks with Larsen & Toubro Limited (BSE:500510) and Shapoorji Pallonji & Company Limited for taking over their stranded plants.

Pension and Sovereign Funds Reportedly In Talks To Acquire 247 Park In Mumbai

Canada Pension Plan Investment Board (CPPIB), APG Algemene Pensioen Groep N.V., and Abu Dhabi Investment Authority are in talks to acquire property 247 Park in Mumbai from Milestone Capital Advisors Limited, two persons familiar with the matter said. Milestone owns 74% and Hindustan Construction Co. Ltd. (BSE:500185) owns 26% stake in 247 Park and the deal is expected to be valued over INR 10 billion. The Blackstone Group L.P. (NYSE:BX) is in advanced talks to acquire property for over INR 10 billion and negotiations had started more than a year and half ago. However, the transaction has not reached conclusion due to differences between joint owners on the structure of the proposed deal, which in fact, led to talks that the deal has been called off. APG is negotiating along with its India alliance partner The Xander Group Inc., while Shapoorji Pallonji & Company Limited is driving the discussions for CPPIB. APG and Abu Dhabi Investment Authority did not respond to Economic Times's email queries till the time of going to press, while Xander Group, Shapoorji Pallonji Group and CPPIB, in their separate responses, declined to comment on market speculation, The Economic Times reported.

Shapoorji Pallonji Enters Final Stage on Bloom Central

shapoorji pallonji has entered the final stage of construction of bloom central project a 25-storey mixed-use twin-tower complex located in the heart of the capital.as a complex bloom central will be split between the two towers with one hosting a five-star 315-room hotel and the other a 64-key executive apartments that will offer 49 two and three-bedroom residences and over 7,000 m2 of office space.

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