Construction

NMDC crossed 40 MT production level in FY23: Steel Minister Scindia – ET Infra

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[ad_1] NEW DELHI: State-owned NMDC has crossed 40 million tonnes (MT) production level in financial year (FY) 2022-23, Union Steel Minister Jyotiraditya Scindia said on Thursday. The minister termed the production level achieved by NMDC as ‘a record-breaking’ development. “NMDC has achieved a record-breaking production for the period up to July 2023 and has already

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Japan’s Nippon Steel Q1 net profit down 23% on sluggish steel demand – ET Infra

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[ad_1] TOKYO: Nippon Steel, Japan’s top steel producer, posted a 23.3% decrease in net profit in the first quarter of the 2023/2024 fiscal year to 177 billion yen ($1.24 billion) on sluggish steel demand, it said on Friday. Analysts surveyed by Refinitiv had forecast Nippon Steel’s net profit at 73.8 billion yen. Its peer JFE

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Adani Enterprises Q1 profit grows 44% – ET Infra

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[ad_1] Adani Group flagship company Adani Enterprises, which houses mining and trading businesses as well as incubates the group’s new business ventures, on Thursday reported a 44% growth in its profit for the April-June period even as revenue fell 37%. The company reported a consolidated profit of ₹674 crore for the quarter, compared with ₹469

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No merger, Sanghi to stay listed for now: Karan Adani – ET Infra

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[ad_1] The Adani Group, which announced the acquisition of Gujarat-based cement maker Sanghi Industries on Thursday, plans to increase its overall cement manufacturing capacity to 140 million tonnes in the next five years. Karan Adani, director, Ambuja Cement, told ET’s Deborshi Chaki and Nehal Chaliawala in an interview that the group is open to more

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India’s construction sector generates 2nd largest employment: Report – ET Infra

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[ad_1] India’s construction sector is the second largest employment generator with 7.1 crore workforce employed currently and the number is set to cross 10 crore by 2030, according to Knight Frank-RICS report. The output generated from the Indian real estate sector is estimated to grow to USD 1 trillion by 2030 from the existing USD

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Govt committed to address concerns of stainless steel: Kulaste – ET Infra

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[ad_1] The central government is committed to addressing concerns of the stainless steel industry, Union Minister of State for Steel Faggan Singh Kulaste said on Thursday. The stainless steel industry has urged the government to address issues surrounding the export-import regulations to boost the sector’s growth. “The central government is committed to looking after the

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CII-AP hold conference on “Steel and alloys” in Tirupati – ET Infra

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[ad_1] TIRUPATI: Special Chief Secretary (environment, forest, science & technology) Neerabh Kumar Prasad urged the steel industry to embrace innovative practices to reduce its environmental footprint and contribute to sustainable development. Speaking at the conference on ‘Steel and alloys’ organised by the Andhra Pradesh chapter of the Confederation of Indian Industry (CII) here on Wednesday

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Sanghi Industries shares jump 5%, Ambuja Cement climbs over 3% – ET Infra

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[ad_1] Shares of Sanghi Industries on Thursday jumped 5 per cent after Ambuja Cement announced the acquisition of a majority stake in the cement manufacturer at an enterprise value of Rs 5,000 crore. The stock rallied 4.99 per cent to touch its upper circuit of Rs 105.76 on the BSE. Shares of Ambuja Cement also

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Ambuja Cements acquires Sanghi Industries at of Rs 5,000 cr – ET Infra

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[ad_1] AHMEDABAD: Ambuja Cements Ltd (ACL), the cement and building material company of AdCement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi

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Dalmia Bharat announces its new Greenfield Cement Grinding Unit TN – ET Infra

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[ad_1] Greenfield Cement Grinding unit MUMBAI: Dalmia Bharat Limited (DBL), a leading Indian cement major under its wholly owned subsidiary Dalmia Bharat Green Vision Limited (DBGVL) announced the start of commercial production at its new cement grinding unit in Sattur, Tamil Nadu. “With an investment of Rs.686 crores, the new cement grinding unit will produce

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