Construction and Engineering
Company Overview of Shapoorji Pallonji & Company Limited
Shapoorji Pallonji & Company Limited, through its subsidiaries, operates in construction, real estate, infrastructure, biofuels and agriculture, consumer products, facades and interiors, engineering, textiles, business automation, shipping and logistics, electro-mechanical, and mechanical engineering and plumbing businesses in India, the Middle East, and Africa. The company develops luxury apartments, IT/ITeS SEZs, housing, retail, hospitality, and commercial buildings; provides architectural aluminum products to the construction industry; offers interior fit out services; develops and operates infra ports, power plants, highways, and tollways; and builds marine structures, roads, bridges, t...
41/44, Minoo Desai Marg
Mumbai, 400 005
Founded in 1865
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 2015.
Shapoorji Pallonji & Company Limited Key Developments
Bengaluru Court Bars Shapoorji Pallonji & Co from Pledging Shares
Jul 16 15
A Bengaluru court has restrained Shapoorji Pallonji & Co from modifying, alienating, pledging and creating lien on its shares as well as those held by its subsidiary companies. The order was passed in connection with a case filed by Embassy One Developers against SPCL, alleging the major dishonoured a contract for construction of a hotel-cum-retail project in the garden city of India. The city civil court's interim order restrains SPCL from creating third-party rights on its shares till arbitration proceedings are completed. Embassy One (formerly Cityview Bangalore Properties) is claiming INR 7,800 million as damages from SPCL. The project, named CityView, is coming up on a 6.5-acre piece of land that the Embassy Group acquired last year from Goldman Sachs and Century Real Estate Holdings in a deal valued at INR 10,000 million.
NTPC To Reportedly Acquire Stranded Plants
Jan 16 15
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
Dec 19 14
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.
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