Construction

Cement industry on green logistics drive, pilot testing 150 E-trucks for transport – ET Infra

HYDERABAD: As part of its green logistics drive, India’s cement industry, which is the second largest in the world with an installed capacity of around 670 million tonnes per annum (MTPA), is piloting the usage of EV trucks (E-trucks) and has already deployed around 150 E-trucks, top cement industry officials said here on Thursday. The […]

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India’s JK Lakshmi Cement Q4 profit rises on cost control measures – ET Infra

Representative Image BENGALURU: India’s JK Lakshmi Cement on Thursday reported a 46.3% rise in its fourth-quarter profit, as a tighter lid on costs helped cushion the impact from a revenue drop amid lower cement prices. The company’s net profit after tax (PAT) stood at 1.42 billion rupees ($17.1 million) compared to 973.2 million rupees a

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India only nation among top 5 to see growth in steel production – ET Infra

MUMBAI: India is the only country, among the top five steel producing nations, to have seen a growth in production in April, with the others seeing production drop by as much as 7% during the month. China, which is the world’s largest producer of steel, has seen its production in April fall more than 7%

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L&T dispatches ethylene oxide reactors to China – ET Infra

Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has dispatched the world’s heaviest ethylene oxide reactors — a crucial component in petrochemical plants — to China. The reactors were dispatched by the heavy engineering vertical of Larsen & Toubro (L&T) for a project of chemical giant BASF in China, the company said in

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Govt rolls out mandatory quality norms for asbestos cement products – ET Infra

NEW DELHI: The government has issued mandatory quality norms for asbestos or fibre cement-based products to curb the import of sub-standard goods and boost domestic manufacturing. A notification ‘Asbestos or Fibre Cement based Products (Quality Control) Order, 2024 ‘ was issued in this regard by the Department for Promotion of Industry and Internal Trade (DPIIT)

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India’s JSW Cement plans $360 million factory to meet rising demand – ET Infra

BENGALURU: India’s JSW Cement said on Tuesday it will invest around 30 billion rupees ($360.2 million) to set up a cement factory in the northern state of Rajasthan, in a bid to meet surging demand for the key construction material. Indian cement makers are ramping up production amid higher government spending in infrastructure and a

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SAIL profit dips 2 pc to Rs 1,126 cr in Q4; grows to Rs 3,066 cr in FY24 – ET Infra

NEW DELHI: Steel Authority of India Ltd (SAIL) on Monday reported a marginal 2 per cent fall in consolidated net profit to Rs 1,126.68 crore during the March quarter, because of higher raw material prices. It had posted a Rs 1,159.21-crore net profit in the year-ago period, the company said in an exchange filing. The

SAIL profit dips 2 pc to Rs 1,126 cr in Q4; grows to Rs 3,066 cr in FY24 – ET Infra Read More »

Kobe Steel says it may build new electric arc furnace in decarbonisation push – ET Infra

TOKYO: Kobe Steel, Japan’s No.3 steelmaker, said on Monday it will consider building a large electric arc furnace to replace one of its two blast furnaces in Kakogawa, western Japan, in an effort to accelerate its decarbonisation drive. “We will consider an introduction of a large innovative electric arc furnace which can make high-end steel

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Jindal Stainless appoints Sanjay Mishra as new CDIO – ET Infra

MUMBAI: Jindal Stainless, India’s stainless steel manufacturer has appointed Sanjay Mishra as its new Chief Digital and Information Officer (CDIO). He will be in charge of leading strategic digitalization and transformation projects at Jindal Stainless with the goal of transforming the company into a digital powerhouse. “As our new CDIO, Mr Mishra will help us

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India Cements Q4 Results: Net loss narrows to Rs 50.06 crore – ET Infra

NEW DELHI: India Cements Ltd on Monday reported a narrowing of consolidated net loss to Rs 50.06 crore in the fourth quarter ended March 31, 2024, helped by improved sales volume. The company had posted a net loss of Rs 243.77 crore in the same quarter a year ago, India Cements Ltd said in a

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