Business EconomyPosted at: Feb 14 2025 8:10PM

VEKA takes 100 pc control of uPVC biz in Joint Venture NCL-VEKA

New Delhi, Feb 14 (UNI) Germany based VEKA on Friday said it has successfully acquired 100 per cent ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors.
With VEKA now holding 100 per cent control, following a takeover of the remaining 50 per cent stake previously held by NCL and other shareholders , company said in a release.
Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product portfolio and a revenue of Rs 442 crores in 2024, maintaining its leadership in the uPVC window and door solutions sector.
Andreas Hartleif, CEO, VEKA AG Germany said, “With this strategic takeover, VEKA Germany has reaffirmed its long-term commitment to India, recognizing the country’s immense potential as a hub for innovation, manufacturing, and market growth. This move further strengthens VEKA's leadership in both global and Indian markets. As India’s economy experiences a robust growth, driven by rapid urbanization, an infrastructure boom, and a growing focus on sustainable housing, VEKA is well-positioned to capitalize on the rising demand for uPVC profiles in India."
Ashven Datla, Chairman of the Company said, “We look forward to a new phase of growth and success in the journey of VEKA in India, as VEKA Germany now assumes 100% ownership of the company. With plans to increase production capacity in line with the projected growth, with facilities that will serve as export hubs to international markets and explore greenfield opportunities, the Company is poised to expand further. Our continued focus on innovation and product development will help meet India’s growing demand for high-quality, energy-efficient uPVC solutions."
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Tags: #VEKA takes 100 pc control of uPVC biz in Joint Venture NCL-VEKA

HDFC Capital partners with Total Environment to form Rs 1,300 cr platform

24 Mar 2025 | 7:11 PM

Hyderabad, Mar 24 (UNI) HDFC Capital, the real estate private equity arm of HDFC Group, on Monday said it has partnered with Total Environment, one of South India’s leading real estate developers, to form a Rs 1,300 crore platform for the development of high-quality homes in Bengaluru.

VEKA takes 100 pc control of uPVC biz in Joint Venture NCL-VEKA

HDFC Capital partners with Total Environment to form Rs 1,300 cr platform

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NEW DELHI, MAR 24 (UNI):- Union Minister of Heavy Industries and Steel, H.D.Kumaraswamy at the signing ceremony of MoUs between Companies and Ministry of Steel under PLI 1.1, in New Delhi on Monday. UNI PHOTO-169U

KATHUA, MAR 24 (UNI):- Security forces have recovered ammunition and other items from encounter site at Village Sanyal in Hiranagar sector of Kathua district of Jammu and Kashmir, on Monday. UNI PHOTO-168U

CHENNAI, MAR 24 (UNI):- R.Parthiban, Actor and Flim Director called on Tamil Nadu Governor R N Ravi, at Raj Bhavan, Chennai, on Monday. UNI PHOTO-167U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda addressing the gathering at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-166U

CHENNAI, MAR 24 (UNI):- Tamil Nadu Chief Minister and DMK President M K Stalin at the Iftar party organised by the Minorities Wing of the Ruling DMK, in Chennai on Monday. UNI PHOTO-164U

GANDHINAGAR, MAR 23 (UNI):- Gujarat Chief Minister Bhupendra Patel with Jochen Hanebeck, CEO of Infineon Technologies during the inauguration of semiconductor manufacture Infineon global capability centre at the Gujarat International Finance Tech City (GIFT), in Gandhinagar on Monday. UNI PHOTO-163U

NEW DELHI, MAR 24 (UNI):- Union Minister of Heavy Industries and Steel, H.D.Kumaraswamy at the signing ceremony of MoUs between Companies and Ministry of Steel under PLI 1.1, in New Delhi on Monday. UNI PHOTO-162U

CHENNAI, MAR 24 (UNI):- Tamil Nadu Governor R.N.Ravi, addressing the gathering during the World Tuberculosis (TB) Day on the theme 'Yes, we can end TB: Commit, Invest and Deliver', organised at Bharathiar Mandapam, Raj Bhavan, Chennai, on Monday. UNI PHOTO-161U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-160U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda inaugurates the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-158U

JAMMU, MAR 24 (UNI):- Jammu and Kashmir Chief Minister Omar Abdullah speaking in the Legislative Assembly, in Jammu on Monday. UNI PHOTO-157U

NAYAGARH, MAR 24 (UNI):- President Droupadi Murmu waving to crowd during foundation day ceremony Yagna at Sabbar community village of the Shabar Raja Biswabasu Bharatiya at Kaliapalli of Nayagarh district on her two-day visit to state, on Monday. UNI PHOTO-156U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-155U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda inaugurates the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-153U

NEW DELHI, MAR 24 (UNI):- Union Minister of Health and Family Welfare and Chemicals and Fertilizers, Jagat Prakash Nadda at the inauguration of the World TB Day 2025, in New Delhi on Monday. UNI PHOTO-152U

THIRUVANANTHAPURAM, MAR 24 (UNI):- Kerala Minister for Tourism and Public Works P A Mohammed Riyas speaking at the inauguration of the State Workshop and State Leadership Meet for Tourism Clubs at Kerala Institute of Tourism and Travel Studies (KITTS), in Thiruvananthapuram on Monday. UNI PHOTO-151U

BHUBANESWAR, MAR 24 (UNI):- President Droupadi Murmu received by Odisha Governor Hari Babu Kambhampati and Chief Minister Mohan Charan Majhi on her arrival at Biju Patnaik International Airport, in Bhubaneswar on two-day visit to state, on Monday. UNI PHOTO-150U