[ad_1] HYDERABAD: State owned iron ore miner, NMDC, on Monday said it had fired up India’s second-largest blast furnace at its steel plant at Nagarnar in Chhattisgarh over the weekend. The 4,506 cubic meters blast furnace, called ‘Maa Danteshwari’, can produce 9,500 tonnes of hot metal daily. Published On Aug 16, 2023 at 12:01 PM
Nagarnar steel plant fires up second-largest blast furnace – ET Infra Read More »
[ad_1] MUMBAI: Shares of all the 10 listed Adani Group companies declined on Monday after Deloitte Haskins & Sells resigned as the auditor of Adani Ports and Special Economic Zone. The selloff resulted in the group’s companies shedding about ₹25,000 crore in market capitalization in Monday’s trading. Shares of Adani Enterprises, the group’s flagship company,
Adani stocks decline, group market cap falls by Rs 25,000 crore – ET Infra Read More »
[ad_1] MUMBAI: Jindal Steel and Power‘s (JSPL) strong balance sheet and prospects of a further improvement in profitability have analysts vouching for it as the steel sector‘s top pick yet again. They remain wary about state-owned peer SAIL given its high debt levels. Both the steel majors announced earnings for the June quarter last week.
JSPL top steel pick yet again, SAIL’s debt clouds prospects – ET Infra Read More »
[ad_1] In the early 1900s, the Tatas set about their plans to build a steel plant after raising money from the markets. Upon hearing the plan of an Indian entrepreneur to enter such a risky business, a British administrator used the choicest words which make for a satisfactory reading over a century later. “Do you
Independence Day: How the Tatas struck back at the British empire – ET Infra Read More »
[ad_1] HYDERABAD: The Telangana government is expected to earn nearly Rs 7,100 crore through the auction it conducted recently for some land parcels and plots near here. According to the figures supplied by Hyderabad Metropolitan Development Authority (HMDA), the state government has received over Rs 100 crore per acre in a bidding for some of
Telangana govt nets Rs 7,100 cr through land auctions near Hyderabad – ET Infra Read More »
[ad_1] After completion of the takeover of two Srei grou p firms through NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin
NARCL likely to wind up Srei group’s equipment finance arm – ET Infra Read More »
[ad_1] Tata Projects is set to turn profitable by the end of the current financial year helped by an improvement in its operating margins, said Himanshu Chaturvedi, the chief growth and strategy officer at the company. The engineering, procurement and construction company is focusing on projects which generate cash flows early in the life of
Tata Projects set to turn profitable by fiscal year-end – ET Infra Read More »
[ad_1] Tata Steel CEO TV Narendran on Sunday said that the company, which is in an expansion mode in India, is not keen on any new acquisitions. According to PTI, the statement from Narendran has come amid Vedanta Ltd reviewing and evaluating its steel and steel-making raw materials businesses. When asked about Tata’s intertest in
Tata Steel CEO says company not so keen on any other new acquisitions – ET Infra Read More »
[ad_1] PUNE: Union Minister of Road Transport and Highways on Saturday inaugurated a multi-level flyover built at Chandni Chowk in Maharashtra’s Pune and said it will address traffic congestion in the city. He also pitched for skybus services here. While Chief Minister Eknath Shinde was not present at the event, deputy CMs Devendra Fadnavis and
Gadkari inaugurates multi-level flyover in Pune – ET Infra Read More »
[ad_1] JK Cement Ltd on Saturday reported a 29.43 per cent decline in its consolidated net profit to Rs 113.46 crore for the first quarter that ended on June 30, 2023. The company had posted a net profit of Rs 160.79 crore in the April-June period a year ago, JK Cement said in a regulatory
JK Cement Q1 Results: Profit drops 29% YoY to Rs 113.46 cr – ET Infra Read More »
