Latest news with #Radius
Hindustan Times
3 days ago
- Business
- Hindustan Times
HC stays MahaRERA order to appoint new developer for Anantya SRA
MUMBAI: The Bombay high court recently stayed an order passed by the Maharashtra Real Estate Regulatory Authority (MahaRERA) that allowed a new developer, Chandak Realtors, to take up a slum rehabilitation project in Kurla without addressing the rights of previous stakeholders. Initially, Radius & Deserve Builders LLP was appointed as the developer for the Anantya slum rehabilitation project, which involved the construction of free sale buildings and housing for slum dwellers. Later, Capacit'e Infraprojects Ltd was appointed as a contractor to carry out civil engineering and construction work. As part of the agreement, Capacit'e was allotted 10 flats in the project. However, due to pending corporate insolvency proceedings against Radius & Deserve, the Slum Rehabilitation Authority (SRA) in September 2021 appointed Chandak Realtors Pvt Ltd as the new developer. Subsequently, Chandak approached MahaRERA in September 2022 seeking a fresh registration of the project, arguing that the liabilities created by Radius should not be imposed on it. In March 2023, MahaRERA approved the fresh registration of the project. Capacit'e then challenged the order, arguing that it was passed under a suo-moto (on its own) proceeding despite the matter under consideration being an application filed by Chandak. 'A suo-moto power to be exercised, in such circumstances, cannot be traced under the RERA Act and that too by constituting a full bench so as to pass such [an] order,' senior advocate Sharan Jagtiani, representing Capacit'e, told the court. He further objected to the blanket observations made in the order, which he said completely obliterates Capacit'e's rights to the 10 flats granted by the previous developer. Senior advocate Ravi Kadam, representing Chandak Realtors, contended that Capacit'e's claims stand against Radius and not Chandak. Therefore, whatever rights Capacit'e has with respect to Radius cannot be asserted on Chandak, he said. The division bench of justices GS Kulkarni and Advait Sethna found prima facie substance in Capacit'e's contentions and granted a stay on the MahaRERA order. The bench questioned the suo-moto aspect of the case, considering the application was moved on behalf of Chandak. 'Considering the provisions of the RERA Act, prima facie, we do not find any such powers being conferred on the authority to constitute such [a] full bench and pass such orders as suo moto orders,' it said. 'Prima facie the reading of the impugned order, so as to fall outside the provisions of the RERA Act, also does not appeal to us, more particularly for the reason that such [an] order could not have been passed in complete violation of the principles of natural justice, when it categorically affects the third parties like the petitioner,' it added.
Associated Press
14-03-2025
- Business
- Associated Press
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Radius Recycling, Inc. Buyout
Wilmington, Delaware--(Newsfile Corp. - March 14, 2025) - Rigrodsky Law, P.A. is investigating Radius Recycling, Inc. ('Radius') (NASDAQ: RDUS) regarding possible breaches of fiduciary duties and other violations of law related to Radius's agreement to be acquired by Toyota Tsusho America, Inc. Under the terms of the agreement, Radius shareholders will receive $30.00 per share in cash. To learn more about this investigation and your rights, visit: [email protected]. Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide. Attorney advertising. Prior results do not guarantee a similar outcome. Contact: Rigrodsky Law, P.A. Seth D. Rigrodsky, Esq. Gina M. Serra, Esq. Telephone: (302) 295-5310
Yahoo
14-02-2025
- Business
- Yahoo
Radius Recycling's 3PR(TM) Services: Enhancing Material Recovery and Landfill Diversion for Nation's Largest Brands
NORTHAMPTON, MA / / February 14, 2025 / Originally published in Radius Recycling's 2024 Sustainability Report Recycling plays a crucial role in the sustainability efforts of any business. Our 3PR™ Third Party Recycling services cater to the growing demand from companies, organizations, and other entities to enhance their recycling rates and materials recovery. The 3PR™ portfolio advances manufacturing and retail productivity, minimizes waste sent to landfills, and mitigates industrial carbon emissions for our partners. Our comprehensive services examine the supply chains of retail, manufacturing, and industrial customers to identify and leverage materials recovery and recycling strategies for a growing array of material types. We deliver value to our customers through the income generated from recycling efforts, while also reducing the environmental impact of their activities. Through our diversified supply channels, we provide tailored recycling and logistical solutions that enable businesses to efficiently handle both post-industrial and post-consumer materials. Helping The Home Depot® Advance Circularity Since 2014, Radius has partnered with The Home Depot to support their goals around circularity and commitment to recycling and reuse. Our 3PR™ teams manage recycling programs across The Home Depot's network for ferrous and nonferrous metals, cardboard, expanded polystyrene (EPS), and plastic film, helping to keep valuable materials out of landfills. Railcar Parts Management with TTX Company (TTX) With a fleet of more than 175,000 railcars throughout the U.S., Mexico and Canada, TTX is a critical part of North America's transportation infrastructure. As a leader in railcar retirement services, Radius has supported TTX through management of its end-of-life railcar assets since 2008, and more recently by servicing 20 of the company's railcar maintenance locations. Through our comprehensive 3PR™ services, Radius not only recycles valuable metals from TTX end-of-life assets, but we extract usable rail parts and return them to the company for reconditioning and reuse. In the last five years alone, Radius has processed approximately 85,000 gross tons (GT) of railcar materials for TTX, ensuring valuable resources are responsibly recycled and remain at the center of the circular economy. Read more View additional multimedia and more ESG storytelling from Radius Recycling on Contact Info:Spokesperson: Radius RecyclingWebsite: info@ SOURCE: Radius Recycling View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
14-02-2025
- Business
- Associated Press
Radius Recycling's 3PR™ Services: Enhancing Material Recovery and Landfill Diversion for Nation's Largest Brands
Originally published in Radius Recycling's 2024 Sustainability Report Recycling plays a crucial role in the sustainability efforts of any business. Our 3PR™ Third Party Recycling services cater to the growing demand from companies, organizations, and other entities to enhance their recycling rates and materials recovery. The 3PR™ portfolio advances manufacturing and retail productivity, minimizes waste sent to landfills, and mitigates industrial carbon emissions for our partners. Our comprehensive services examine the supply chains of retail, manufacturing, and industrial customers to identify and leverage materials recovery and recycling strategies for a growing array of material types. We deliver value to our customers through the income generated from recycling efforts, while also reducing the environmental impact of their activities. Through our diversified supply channels, we provide tailored recycling and logistical solutions that enable businesses to efficiently handle both post-industrial and post-consumer materials. Helping The Home Depot® Advance Circularity Since 2014, Radius has partnered with The Home Depot to support their goals around circularity and commitment to recycling and reuse. Our 3PR™ teams manage recycling programs across The Home Depot's network for ferrous and nonferrous metals, cardboard, expanded polystyrene (EPS), and plastic film, helping to keep valuable materials out of landfills. Railcar Parts Management with TTX Company (TTX) With a fleet of more than 175,000 railcars throughout the U.S., Mexico and Canada, TTX is a critical part of North America's transportation infrastructure. As a leader in railcar retirement services, Radius has supported TTX through management of its end-of-life railcar assets since 2008, and more recently by servicing 20 of the company's railcar maintenance locations. Through our comprehensive 3PR™ services, Radius not only recycles valuable metals from TTX end-of-life assets, but we extract usable rail parts and return them to the company for reconditioning and reuse. In the last five years alone, Radius has processed approximately 85,000 gross tons (GT) of railcar materials for TTX, ensuring valuable resources are responsibly recycled and remain at the center of the circular economy.
Yahoo
31-01-2025
- Business
- Yahoo
Radius Recycling Is Meeting the Growing Demand for Recycled Metals Using Advanced Recovery Technologies
Originally published in Radius Recycling's 2024 Sustainability Report NORTHAMPTON, MA / / January 31, 2025 / In fiscal 2024, Radius facilities processed and recycled millions of metric tons of metals that originated from end-of-life vehicles, as well as appliances, construction and manufacturing materials, and industrial and commercial by-products. Once at our recycling operations, we separate metals into ferrous and nonferrous categories, process those materials, and sell them to customers around the world. We sell ferrous metals to international and domestic steel mills, including the Company's steel manufacturing operation, Cascade Steel Rolling Mills in McMinnville, Oregon. Many nonferrous metals, such as aluminum and copper, undergo further processing using advanced metals recovery technology systems at our major recycling operations. These advanced metals recovery technology systems enable us to extract more nonferrous metals from our shredding activities. Employed across our major recycling operations, these technologies improve the efficiency of our processes to meet global metal content and quality requirements on a cost-effective basis and create production optionality by enabling us to create furnace-ready products based on demand and price. Since fiscal 2019, we have invested $135 million in advanced metals recovery technologies, including magnetic, density separation, x-ray fluorescence, and sizing technologies which have allowed us to diversify our product offerings and competitively meet the needs of both domestic and international customers. Learn more View additional multimedia and more ESG storytelling from Radius Recycling on Contact Info:Spokesperson: Radius RecyclingWebsite: info@ SOURCE: Radius Recycling View the original press release on ACCESS Newswire Sign in to access your portfolio
