Construction

PLI 2.0 in works for steel, to focus on import substitution – ET Infra

Leave a Comment / Construction / By

[ad_1] NEW DELHI: The government is working on a second leg of the performance-linked incentive (PLI) programme for the steel sector, focused on import substitution. “The steel ministry is likely to come up with PLI-2 which will further take care of the requirements of the Indian Railways and various other segments,” steel secretary Nagendra Nath […]

PLI 2.0 in works for steel, to focus on import substitution – ET Infra Read More »

Ministry forms 13 task forces for decarbonisation of steel sector – ET Infra

Leave a Comment / Construction / By

[ad_1] The steel sector has adopted the best available technologies globally, in the modernization and expansions projects. The Ministry of Steel has constituted 13 task forces with the engagement of industry, academia, think tanks, S&T bodies, different ministries and other stakeholders to discuss, deliberate and recommend upon decarbonisation of the steel sector. The Task Force

Ministry forms 13 task forces for decarbonisation of steel sector – ET Infra Read More »

Sanghi buy to help Ambuja Cements scale up fast – ET Infra

Leave a Comment / Construction / By

[ad_1] Adani-owned Ambuja Cements‘ recent acquisition is seen helping the company scale up capacity at a lucrative cost and emerge as one of the dominant players in western India over the medium term, although question marks remain over the immediate prospects of the freight-heavy primary building material that is decidedly regional in its pricing dynamics

Sanghi buy to help Ambuja Cements scale up fast – ET Infra Read More »

“Will construct 32 km elevated road corridor in Kaziranga National Park”: Assam CM – ET Infra

Leave a Comment / Construction / By

[ad_1] Kaziranga National Park GUWAHATI: Assam Chief Minister Himanta Biswa Sarma on Monday announced that very soon there will be a 32 km elevated road corridor in Kaziranga National Park and the state government will also construct a tunnel of Rs 4000 crores under the Brahmaputra river. On the occasion of National Handloom Day, the

“Will construct 32 km elevated road corridor in Kaziranga National Park”: Assam CM – ET Infra Read More »

India’s Ramco Cements misses Q1 profit view as costs outweigh demand – ET Infra

Leave a Comment / Construction / By

[ad_1] BENGALURU: India‘s Ramco Cements on Monday missed first-quarter profit estimates, as mounting costs outpaced resilient demand. Net profit after tax fell 29.7% to 789.1 million rupees ($9.5 million) for the quarter ended June 30, far below analysts’ estimate of 1.29 billion rupees as per Refinitiv data. Many Indian cement makers have been battling higher

India’s Ramco Cements misses Q1 profit view as costs outweigh demand – ET Infra Read More »

Chennai:Tunnelling under Adyar river from Sept – ET Infra

Leave a Comment / Construction / By

[ad_1] CHENNAI: Come September, work under the Adyar near Greenways Road metro station will begin. A machine will go 20 meters under the river to begin boring a 400-metre-long tunnel. The tunnel boring machine (TBM), named Kaveri, began tunnelling under the RA Puram corporation playground in February and is currently 120 metres from the river.

Chennai:Tunnelling under Adyar river from Sept – ET Infra Read More »

India Cements posts Q1 adjusted loss as raw material costs weigh – ET Infra

Leave a Comment / Construction / By

[ad_1] India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell about 4% to 13.93

India Cements posts Q1 adjusted loss as raw material costs weigh – ET Infra Read More »

Construction and equipment manufacturers seek production linked incentive scheme for industry – ET Infra

Leave a Comment / Construction / By

[ad_1] Construction and equipment (CE) manufacturers have urged the government for a production linked incentive (PLI) scheme for the sector. The introduction of the PLI scheme will provide a level-playing field for the players of the industry, Dimitrov Krishnan, President of industry body ICEMA, said. Indian Construction Equipment Manufacturers’ Association (ICEMA) engages with stakeholders and

Construction and equipment manufacturers seek production linked incentive scheme for industry – ET Infra Read More »

Corrosion leads to losses worth USD 110 bl in India annually: ISSDA – ET Infra

Leave a Comment / Construction / By

[ad_1] Losses worth USD 110 billion occur every year in India due to corrosion in projects across sectors, industry body ISSDA said on Friday. As India moves towards a USD 5 trillion economy goal, dealing with a challenge like corrosion in projects should be a key focus area, Rajamani Krishnamurti, president of Indian Stainless Steel

Corrosion leads to losses worth USD 110 bl in India annually: ISSDA – ET Infra Read More »

Adani seals Sanghi deal to boost cement capacity – ET Infra

Leave a Comment / Construction / By

[ad_1] MUMBAI: The country’s second richest person Gautam Adani has struck a deal with Ravi Sanghi and family to acquire their cement business, Sanghi Industries, for an enterprise value of Rs 5,000 crore — including about Rs 1,500-crore debt. Sanghi is Adani’s first major acquisition after US short-seller Hindenburg’s damning report. Ambuja Cements, which Adani

Adani seals Sanghi deal to boost cement capacity – ET Infra Read More »