Construction

Construction equipment revenue to grow 14-15% this FY: CRISIL report – ET Infra

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[ad_1] MUMBAI: The domestic construction equipment industry’s revenue is expected to increase by 14–15% this fiscal year, building on a strong base of 29% in the previous fiscal, according to the CRISIL report. This will be driven by the government’s ongoing focus on the development of infrastructure, particularly highways, metros, and trains, including projects included

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Vedanta incorporates subsidiary to implement demerger scheme – ET Infra

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[ad_1] Mining major Vedanta on Wednesday said it has incorporated a wholly-owned subsidiary, Vedanta Base Metals Ltd, to implement the demerger of its five key businesses, including aluminium and oil and gas. “We wish to inform you that a wholly-owned subsidiary of the Company, in the name of ‘Vedanta Base Metals Ltd’ has been incorporated

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BMC to terminate contract for cement concrete roads in Mumbai – ET Infra

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[ad_1] MUMBAI: In a major setback to CM Ekanth Shinde’s promise of ridding Mumbai of potholes in two years, the BMC has decided to terminate the contract for constructing cement concrete (CC) roads in the island city. The BMC has issued a termination notice to Roadway Solutions India Infra Ltd (RSIL) for failing to start

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Centre approves seven bridges in Arunachal at Rs 118.5 crore – ET Infra

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[ad_1] ITANAGAR: The Centre has approved seven bridge projects in Arunachal Pradesh at a cost of Rs 118.5 crore, Union Road Transport and Highway Minister Nitin Gadkari said. These bridges will be built under the Setu Bandhan Scheme, he said. “Under the Setu Bandhan Scheme, we have granted approval for 7 bridge projects with a

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India steel, cement industry need Rs 47 lakh cr to go net zero: Report – ET Infra

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[ad_1] . The domestic steel and cement industry will require an additional Rs 47 lakh crore investment to meet net zero targets, according to a report. India is the second-largest producer of steel and cement in the world, and both are emission-intensive hard-to-abate industries. “India’s existing steel and cement plants will require Rs 47 lakh

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Steel companies’ margins may improve on lower input costs – ET Infra

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[ad_1] The profitability of most domestic steel makers is set to improve by ₹500-₹2,000/tonne quarter-on-quarter in the three months to September, largely aided by lower cost of a key raw material, according to analysts, even as steel prices fell in the seasonally weak period. The cost of coking coal, which is used in the production

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JSW Steel output grows 13 pc to 6.41 MT in Jul-Sep – ET Infra

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[ad_1] NEW DELHI: JSW Steel has posted 13 per cent rise in its consolidated production to 6.41 million tonne (MT) for July-September 2023-24. It had produced 5.68 MT crude steel during the second quarter of 2022-23, the company said in a statement on Tuesday. However, on a quarter-on-quarter (q-o-q) basis, the production was lower by

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Adani’s $3.5 bl Ambuja loan moves ahead after some banks get approval – ET Infra

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[ad_1] A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter.

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291 projects face MahaRERA axe if no updates by Nov 10 – ET Infra

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[ad_1] PUNE: MahaRERA on Monday said 291 real estate projects, including 63 from the district, could face deregistration with the developers concerned not uploading the quarterly project report details on its website despite being issued notices last month. “If these developers do not respond by November 10, Maharashtra Real Estate Regulatory Authority (MahaRERA) may dergesier

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Crude steel output grows to 70 MT in April-September: SteelMint – ET Infra

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[ad_1] India’s crude steel production rose 14.7 per cent to 69.65 million tonne (MT) during April-September period of 2023-24 fiscal year, according to SteelMint India. The steel output in the year-ago period was 61.06 MT, the market research firm said. The increase in production was mainly on account of improved capacity utilisation rates coupled with

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