[ad_1] NEW DELHI: The steel ministry is expected to soon finalise its Sectoral Plan for Efficient Logistics (SPEL), the commerce ministry said on Friday. The ministry stated this during the 60th meeting of the Network Planning Group (NPG) on November 16. They also outlined their SPEL approach, encompassing in-depth supply and demand analysis for iron
[ad_1] India’s construction and engineering giant Larsen & Toubro (L&T) has been slapped with two penalties of Rs 111.31 crore and Rs 127.64 crore by Qatar‘s income tax authorities for alleged variation in the income declared by the company compared with the assessment of the authority, the company said in a stock exchange filing on
Qatar slaps Rs 239 crore tax penalty on L&T – ET Infra Read More »
[ad_1] MUMBAI: Cement companies are expected to show 25-30% sequential improvement in Ebitda per tonne for the second half of the current fiscal year amid rising demand from the real estate sector and government infrastructure projects, and stable raw material prices. Sharp price hikes taken by companies across regions over the last two-three months are
Cement companies poised for stronger show in H2 – ET Infra Read More »
[ad_1] An Adani group entity, Sajjan Jindal-owned JSW Cement, and ArcelorMittal Group are likely contenders to buy Vadraj Cement, an ABG Shipyard group company that will be sold under the Insolvency and Bankruptcy Code process, people aware of the development told ET. The Bombay High Court had, in August 2018, ordered the winding up of
Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement – ET Infra Read More »
[ad_1] NEW DELHI: JSW Steel on Thursday said it has withdrawn the application to surrender one of its iron ore mines in Odisha‘s Keonjhar. The company had in September submitted a notice to surrender the mining lease of the Jajang iron ore mine, which it had acquired through auction. “The company upon considering demand and
JSW Steel withdraws application to surrender Jajang iron ore mine – ET Infra Read More »
[ad_1] NEW DELHI: Vedanta‘s arm Malco Energy Ltd has set up a new unit in Saudi Arabia for copper business at an investment of 1,00,000 Saudi riyals (Rs 22.19 lakh). “Malco Energy Ltd, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned Subsidiary in the name of ‘Vedanta Copper International VCI Company Limited,”
Vedanta’s arm sets up new unit in Saudi Arabia for copper business – ET Infra Read More »
[ad_1] S unday’s collapse of the under-construction tunnel on the Brahmakhal-Yamunotri National Highway in Uttarakhand, trapping 40 workers, is a stark reminder of the fragility of the Himalayan region. As a six-member panel set up by the state government investigates the collapse, it must consider how design and material choices, construction methods and lack of
Tunnel collapse in Uttarakhand: Infra needs ultra care in this region – ET Infra Read More »
[ad_1] LUCKNOW: Rescuers in north Indian mountains trying to reach 40 road workers trapped in a collapsed tunnel for more than three days will soon get help from a heavy drilling machine airlifted in to the site, officials said on Wednesday. The workers are safe and rescuers have been able to communicate with them and
Indian rescuers hope bigger drill will reach 40 trapped in tunnel – ET Infra Read More »
[ad_1] ZURICH: Swiss cement giant Holcim said Wednesday it was selling its businesses in Tanzania and Uganda to local companies as the group focuses on its core markets. Holcim said it signed an agreement to sell its Ugandan subsidiary, Hima Cement, to the Uganda-based conglomerate Sarrai Group in a deal valued at $120 million. It
Swiss cement giant Holcim sells Tanzania, Uganda businesses – ET Infra Read More »
[ad_1] NEW DELHI: Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates Ltd (JAL) will give 7.71 per cent stake, worth Rs 366 crore at current market price, in the company to ICICI Bank to clear part of the outstanding loan. According to sources, ICICI bank has an exposure of around Rs 3,000 crore in JAL, which
Jaiprakash Associates to transfer 7.71% stake to ICICI Bank – ET Infra Read More »
