Construction

Shakuntalam Landcraft plans to develop industrial park in Noida – ET Infra

Leave a Comment / Construction / By

[ad_1] Realty firm Shakuntalam Landcraft plans to invest Rs 1,500 crore to develop an industrial park on a plot which once housed South Korean automobile maker Daewoo Motors‘s manufacturing plant at Surajpur in Greater Noida near here. The industrial park would house more than 600 micro, small and medium enterprises (MSMEs), a top company official […]

Shakuntalam Landcraft plans to develop industrial park in Noida – ET Infra Read More »

Capacity addition to limit improvement in profitability for cement makers – ET Infra

Leave a Comment / Construction / By

[ad_1] While the recent uptick in prices and lower input costs is seen shoring up the operating profit of Indian cement makers in the near term, profitability is seen capped over the medium term as companies are unable to take significant price hikes amid capacity additions, analysts said. India is expected to consume around 440

Capacity addition to limit improvement in profitability for cement makers – ET Infra Read More »

Cement makers hike prices to counter rising costs – ET Infra

Leave a Comment / Construction / By

[ad_1] Cement manufacturers have raised prices sharply by around 12-13% over the past month amid rising input costs even though the post monsoon increase demand is yet to kick in. This is considered as a bold move by sector trackers since cement companies were observing caution over the past few months while deciding prices. With

Cement makers hike prices to counter rising costs – ET Infra Read More »

JSW Steel acquires remaining 50% stake in NSL Green Steel Recycling – ET Infra

Leave a Comment / Construction / By

[ad_1] JSW Steel on Wednesday announced acquiring the remaining 50 per cent stake in NSL Green Steel Recycling Limited. Post completion of the acquisition, NSL has become a wholly-owned subsidiary of the company, JSW Steel said in a regulatory filing. JSW, on September 27, 2023, completed the acquisition by purchase of the entire 50 per

JSW Steel acquires remaining 50% stake in NSL Green Steel Recycling – ET Infra Read More »

AMNS India’s Hazira project to be commissioned by 2026: Laxmi Mittal – ET Infra

Leave a Comment / Construction / By

[ad_1] AHMEDABAD: ArcelorMittal executive chairman Lakshmi N Mittal on Wednesday expressed confidence that AMNS India‘s Hazira project, which is under expansion, will be commissioned by 2026. In October last year, ArcelorMittal‘s arm AMNS India had stated that it will invest Rs 60,000 crore to scale up capacity of its steel plant at Hazira to 15

AMNS India’s Hazira project to be commissioned by 2026: Laxmi Mittal – ET Infra Read More »

Jindal Steel & Power MD on expansion plans, capex and more – ET Infra

Leave a Comment / Construction / By

[ad_1] Bimlendra Jha, MD, JSPL, says “we have said that at any point of time our debt cannot exceed 1.5 times our EBITDA. We are currently at a very low debt level, so there is a lot of internal accrual that we expect to fund our expansions. We are being very conservative about it and

Jindal Steel & Power MD on expansion plans, capex and more – ET Infra Read More »

Green H2o to reduce dependence on coal in steel making: Tata Steel CEO – ET Infra

Leave a Comment / Construction / By

[ad_1] The availability of green hydrogen as a fuel will help reduce India‘s dependence on coal for steel making, Tata Steel CEO and MD TV Narendran said on Tuesday. Narendran made the remark at the National Management Convention session of All India Management Association (AIMA) here. “The way steel is made is changing and will

Green H2o to reduce dependence on coal in steel making: Tata Steel CEO – ET Infra Read More »

Mumbai: BMC to take measures to control air pollution due to construction – ET Infra

Leave a Comment / Construction / By

[ad_1] MUMBAI: The BMC’s development plan department issued a circular on September 15 with regards to measures to be taken to control environmental pollution due to construction activities. As per the circular issued by the chief engineer of the development plan (DP) department of the BMC, “Various types of constructions and infrastructure projects are in

Mumbai: BMC to take measures to control air pollution due to construction – ET Infra Read More »

NARCL pays Srei lenders promised upfront cash – ET Infra

Leave a Comment / Construction / By

[ad_1] National Asset Reconstruction Co (NARCL), the winning bidder for the bankrupt Srei twins, has distributed to lenders Rs 2,580 crore of cash accumulated in the distressed infrastructure financiers as part of the debt-resolution program at the Kolkata-based companies. The cash was distributed as part of the Rs 3,180-crore upfront payment promised by the NARCL

NARCL pays Srei lenders promised upfront cash – ET Infra Read More »

Rating agencies turn positive on Tata Steel – ET Infra

Leave a Comment / Construction / By

[ad_1] Tata Steel‘s resolution plan for its UK operations has earned it favor from credit rating agencies as they see the outcome strengthening the steel-maker’s cash position and limiting the drain to earnings at a consolidated level, while allowing its credit profile to remain steady even if steel prices turn soft. Moody’s has upgraded the

Rating agencies turn positive on Tata Steel – ET Infra Read More »