Construction

Tata Steel arm TCIL gets Rs 40 crore tax penalty notice – ET Infra

[ad_1] Tata Steel on Thursday said its subsidiary Tinplate Company of India Limited (TCIL) has received a tax notice, imposing a penalty of about Rs 40 lakhs in connection with a demand order pertaining to the 2016-17 fiscal. “The said demand order is presently pending appeal before the Commissioner of Commercial taxes, Ranchi,” Tata Steel

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Himachal govt to enact strict laws for regulating construction activities: CM – ET Infra

[ad_1] Himachal Pradesh CM Sukhvinder Singh Sukhu SHIMLA: The Himachal Pradesh government is contemplating enforcing stringent laws to regulate construction activities to ensure the safety of citizens during natural calamities, Chief Minister Sukhvinder Singh Sukhu said on Thursday. The government will make laws regarding permission for structural engineering, limit of land to withstand the weight

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Specialty steel maker Goodluck India to raise Rs 96 cr – ET Infra

[ad_1] NEW DELHI: Specialty steel producer Goodluck India on Wednesday said it plans to raise Rs 96 crore through issuance of shares, warrants on preferential basis. In a regulatory filing, the company also informed incorporating wholly-owned subsidiary Goodluck Defence and Aerospace Pvt Ltd to carry on the business in the defence sector. The company plans

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Associated Minerals can bridge India’s Critical Mineral supply gap – ET Infra

[ad_1] In July this year, the world was surprised when China announced a restriction on export of gallium and germanium in an apparent retaliation against some Western superpower. These two minerals are critical for manufacturing of semiconductors without which we cannot think of the modern world and the world is dependent on China for these

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Cement demand seen up 10-12% this fiscal on infra spending: Crisil – ET Infra

[ad_1] Representative Image NEW DELHI: Cement demand is expected to grow 10-12% year-on-year to about 440 million tonnes in fiscal 2024, driven by strong offtake from the infrastructure segment, according to Crisil Ratings. Combined with stable cement prices and softening power and fuel costs, operating profit of manufacturers is expected to recover by ~Rs 200

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India aims to safeguard steel trade interests from EU carbon levy – ET Infra

[ad_1] India‘s government has assured domestic steelmakers that it is looking at ways to address their concerns about the EU’s planned tariffs on imports of high-carbon goods and is discussing the issue with its European counterparts, a government official said. “We are discussing with stakeholders and continuing to look at ways in which India’s trade

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After exiting two Adani firms, IHC raises stake in Adani Enterprises – ET Infra

[ad_1] NEW DELHI: Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group’s flagship Adani Enterprises Ltd to above 5 per cent. IHC raised its stake from 4.98 per cent to 5.04 per cent through open market

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UP’s plan for stalled projects: 4-year zero period & co-developer rights – ET Infra

[ad_1] NOIDA: The state government is likely to introduce a rehabilitation package for stalled projects, factoring in key recommendations made earlier this year by an expert committee headed by bureaucrat Amitabh Kant At a meeting in Lucknow on September 28, called specifically to discuss the expert panel’s suggestions and chaired by the chief secretary, there

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Vedanta to complete steel asset sale this fiscal year, says Anil Agarwal – ET Infra

[ad_1] Debt-laden Vedanta Ltd will complete the divestment of its steel assets by March 2024, the group’s chairman Anil Agarwal told an Indian TV channel, while the metals-to-oils conglomerate plans to demerge its business units into independent ‘pure play’ companies to unlock value. Steel assets will get sold in this fiscal year, Agarwal told CNBC-TV18

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L&T arm bags order for bridge construction in Mumbai – ET Infra

[ad_1] NEW DELHI: L&T on Tuesday said one of its subsidiaries has bagged a ‘large’ contract for construction of a bridge in Mumbai. The transportation infrastructure business vertical of L&T Construction has received the Dahisar-Bhayander Bridge project in Mumbai, L&T said in a statement. The project has been awarded by Municipal Corporation of Greater Mumbai

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