[ad_1] NEW DELHI: Home-grown JSW Steel and JFE Steel Corporation of Japan have partnered to set up a joint venture (JV) company in India for manufacturing of CRGO steel. JFE Steel Corporation (JFE) is also an existing shareholder in JSW Steel. The Japanese firm owns 15 per cent in JSW Steel. In a regulatory filing, […]
JSW Steel, Japan’s JFE to set up JV for manufacturing of CRGO steel – ET Infra Read More »
[ad_1] Representative Image MUMBAI: Indian billionaire Gautam Adani’s Ambuja Cements Ltd will buy a majority stake in Sanghi Industries Ltd as the tycoon’s ports-to-power conglomerate looks to expand cement operations across the South Asian nation, according to people familiar with the matter. The acquisition by Ambuja is likely to be announced as soon as Wednesday,
Adani to buy cement firm Sanghi in first major deal post-Hindenburg – ET Infra Read More »
[ad_1] NEW DELHI: Union Minister Nitin Gadkari on Tuesday asked the construction and equipment industry to reduce their fuel cost by using alternative fuels like ethanol and methanol. The Minister for Road Transport and Highways was speaking at the annual session of the Indian Construction and Equipment Manufacturers Association (ICEMA) here. “You can bring down
Gadkari urges construction industry to reduce fuels costs – ET Infra Read More »
[ad_1] NEW DELHI: Ambuja Cements on Wednesday reported an increase of 31.2 per cent in consolidated net profit at Rs 1,135.46 crore for the quarter ended on June 30, 2023, led by volume growth and reduction in operating cost. The company, now part of the Adani Group, had clocked a net profit of Rs 865.44
Ambuja Cements Jun quarter profit up 31.2 pc to Rs 1,135.46 cr – ET Infra Read More »
[ad_1] Representative Image NEW DELHI: The Union Cabinet will soon take up the proposal to approve a mine connectivity worth Rs 4-5 lakh crore that will also help in reducing logistics cost. It is learnt that a Cabinet on the subject, which was circulated to the concerned ministries and government departments has received approval from
EXL: Cabinet to approve Rs 4-5 lakh cr mine connectivity proposal soon – ET Infra Read More »
[ad_1] NEW DELHI: C K Birla group firm Orient Cement Ltd on Tuesday reported a marginal decline in its net profit at Rs 37.03 crore in the June quarter. It had posted a net profit of Rs 37.41 crore in the April-June quarter a year ago, Orient Cement said in a regulatory filing. Its revenue
Orient Cement Q1 net profit declines to Rs 37.03 crore – ET Infra Read More »
[ad_1] Adani group’s Ambuja-ACC has emerged the frontrunner to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement,
Adani’s Ambuja-ACC is frontrunner to acquire Sanghi Cements – ET Infra Read More »
[ad_1] NEW DELHI: Around 8,000 stakeholders are likely to participate in the first India Stainless-Steel Expo (ISSE) 2023, being organised under the steel ministry. The three-day event will begin on Thursday in Noida, Indian Stainless Steel Development Association (ISSDA) said in a statement on Tuesday. Issues related to input materials, processing machinery, finished products and
About 8k stakeholders to participate in Stainless-Steel Expo: ISSDA – ET Infra Read More »
[ad_1] Production of steel in India could go up to 500 million tonnes by 2050, nearly four times the current output, as New Delhi seeks to undergird its evident growth ambitions with rapid capacity expansion for the primary infrastructure alloy, a senior executive at mining major BHP said. The global mining company, which supplies energy
India’s steel production can go up to 500 M tonnes by 2050: BHP top exec – ET Infra Read More »
[ad_1] Billionaire Gautam Adani’s conglomerate plans to tap India’s bond market to raise up to Rs 150 billion ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a short seller earlier this year, according to people familiar with the matter. The notes would likely be sold
Adani group in talks to raise $1.8 billion from India bond sales – ET Infra Read More »
