Several Indian companies have announced corporate and asset expansion moves, underlining continued investment in real estate, logistics and project development despite a mixed economic environment.
Prestige Estates sets up new step-down subsidiary
Real estate major Prestige Estates Projects said it has incorporated TPCM Educare LLP as a step-down subsidiary. According to disclosures to stock exchanges, the new entity will focus on real estate development, leasing and allied activities.
The move is in line with Prestige Estates’ broader strategy of using special-purpose vehicles and subsidiaries to develop and manage specific projects. The company did not disclose financial details related to the incorporation.
GP Petroleums acquires warehouse in Haryana
Lubricants and petroleum products maker GP Petroleums has entered into an agreement with Aspam Caravan Logistics Parks Private Limited to acquire a warehouse property in Haryana for ₹30 crore.
The asset, comprising land and a built-up warehouse spread across 4.625 acres, is located at Raliawas, Haryana. The company said the purchase is aimed at securing long-term operational stability by shifting from leased premises to owned infrastructure.
GP Petroleums noted that the acquisition would help reduce recurring rental costs, convert operating expenses into a capital asset and provide greater control over its logistics operations. The company also expects the move to support long-term business growth by strengthening its supply chain capabilities.
Kesar India expands land bank in Nagpur
Meanwhile, Kesar India informed stock exchanges that it has acquired 5.10 hectares of land in Nagpur, Maharashtra, taking its total landholding in the region to 9.10 hectares.
The company estimates that the expanded land parcel offers a revenue potential of around ₹200 crore. Kesar India said the acquisition would bolster its project pipeline and reinforce its growth strategy, particularly in emerging markets.
Strategic investments continue
The announcements reflect a broader trend among Indian companies to strengthen balance sheets and operational capabilities through asset ownership and targeted expansions. While market conditions remain uncertain, firms appear focused on building long-term capacity and positioning themselves for future growth.
