Construction

EU’s carbon mechanism to fuel large rise in steel import costs: WoodMac – ET Infra

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[ad_1] The EU‘s carbon emissions scheme is likely to significantly raise the costs of steel imports from India and China once it is fully implemented in 2034, while higher-emissions steel will probably go elsewhere, consultancy Wood Mackenzie said. The first mechanism of its kind anywhere in the world, the carbon border adjustment mechanism (CBAM) will

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India wins bid to host international conference on cement in 2027 – ET Infra

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[ad_1] Representative Image NEW DELHI: India has won the bid to host the International Congress on the Chemistry of Cement (ICCC) here in 2027, where global leaders, academicians, and professionals would deliberate on progress of research in this sector, an official statement said. The bid was won against UAE and Switzerland. The department for promotion

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750-acre township to come up near Delhi-Meerut RRTS – ET Infra

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[ad_1] MEERUT: The Uttar Pradesh urban development ministry has approved Meerut Development Authority‘s plan to develop the first-of-its-kind 750-acre state-of-the-art township at Partapur, from where the Delhi-Meerut rapid rail transit system will enter Meerut city. With less than two years remaining for the country’s first high-speed RRTS to become operational, the proposed township will help

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Sebi slaps Rs 6 cr fine on DHFL’s 15 entities for disclosure lapses – ET Infra

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[ad_1] NEW DELHI: Capital market regulator Sebi on Wednesday imposed penalties totalling Rs 6 crore on 15 entities, including Kapil Wadhawan and Dheeraj Wadhawan, for flouting disclosure norms in the case of Deewan Housing Finance Corp Ltd (DHFL). Wadhawans are the former promoters of DHFL. The fines need to be paid jointly and severally within

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Jewar airport opens up development opportunities for Faridabad: CM – ET Infra

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[ad_1] FARIDABAD: Haryana Chief Minister Manohar Lal Khattar on Wednesday said the setting up of Jewar Airport has opened up new possibilities for development in Faridabad and Palwal districts of the state. Khattar also said that a new masterplan will be prepared by declaring the Yamuna area as a controlled area for the planned development

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UK Govt financial package may help Tata Steel UK narrow losses: Report – ET Infra

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[ad_1] Tata Steel The UK government‘s 500 million pound financial package to Tata Steel UK is expected to narrow the steel maker‘s losses on the back of lowered production and environmental compliance costs, according to CreditSights. Tata Steel‘s credit profile could remain resilient even amid lacklustre steel price dynamics, aided by strong captive iron ore

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ABB to roll out electric powertrain system for AM/NS’s mill in Hazira – ET Infra

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[ad_1] NEW DELHI: Electrification and automation major ABB on Wednesday said it will roll out an electric powertrain system for ArcelorMittal Nippon Steel‘s new steel mill in Hazira. “ABB is partnering with SMS group to supply all the medium-voltage (MV) motors and MV drives for a new hot strip mill at Hazira, in Gujarat,” an

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Shree Cement to issue NCDs worth Rs 700 crore – ET Infra

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[ad_1] Representative Image KOLKATA: Leading cement company Shree Cement said on Tuesday that it is planning to issue Non-Convertible Debentures (NCDs) worth Rs 700 crore on a private placement basis. The company’s board of directors will consider approving the issuance of NCDs on September 25. The fundraising plan is expected to be part of the

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Delhi Master Plan 2041 a likely $100 billion opportunity – ET Infra

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[ad_1] The Delhi Master Plan 2041, which is still awaiting the final government clearance, is anticipated to generate economic opportunities totalling $100 billion in the next two decades, as per an analysis by a think tank. The Delhi Master Plan is expected to unlock real estate opportunities in 165 Delhi villages, potentially raising Delhi’s per

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Analysts raise Tata Steel targets after UK deal – ET Infra

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[ad_1] MUMBAI: Analysts at most brokerages have raised their price targets on Tata Steel shares in reaction to the company’s joint investment plan with the UK government to build the country’s largest steelworks in Wales. The move, which is estimated to reduce the steel maker’s losses from Europe, has removed an overhang for the stock,

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