Construction

Call on UK plant must be taken within next year: Tata Steel MD – ET Infra

[ad_1] Tata Steel will have to take a call on the future of its operations in the United Kingdom within the next year as some of its assets there approach the end of their operational life, managing director TV Narendran said. “Some of the assets are going to come to the end of life, so […]

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India’s Tata Steel CEO says prices to ease in Q2 – ET Infra

[ad_1] Tata Steel NEW DELHI: India’s Tata Steel Ltd expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 (July-September) realisation will be about 3,000-3,100 rupees

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Larsen & Toubro bags orders up to Rs 2,500 crore in India, abroad – ET Infra

[ad_1] L&T NEW DELHI: Larsen and Toubro (L&T) on Tuesday said it has bagged orders in the range of Rs 1,000 crore to Rs 2,500 crore in the power transmission and distribution segments within the country and abroad. New orders have been secured in India and markets abroad, the infrastructure major said in a regulatory

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L&T’s consolidated PAT for Apr-Jun at Rs. 2,493, up 46% YoY – ET Infra

[ad_1] L&T NEW DELHI: Engineering and construction major Larsen & Toubro Ltd reported a consolidated net profit of Rs. 2,493 crore in Apr-Jun, up 46.5% year-on-year. “Robust PAT (profit after tax) growth delivered on the back of improved activity levels and further aided by treasury operations,” L&T stated in its investors’ presentation. Consolidated revenues for

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Heliport is being planned at Gurugram by Haryana Govt: Scindia – ET Infra

[ad_1] NEW DELHI: Helihub or Heliport is being planned for development at Gurugram by the Government of Haryana, in consultation with Pawan Hans Ltd, a Central Public Sector Enterprise(CPSE), Civil Aviation Minister Jyotiraditya M Scindia informed the Rajya Sabha on Monday. Responding to a query in written, Scindia said “Site selection is being done by

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T V Narendran re-appointed as Tata Steel CEO and MD – ET Infra

[ad_1] NEW DELHI: Tata Steel on Monday said T V Narendran has been appointed again as the company’s Chief Executive Officer & Managing Director for a period of five years effective September 19, 2023. His present tenure as CEO & MD will conclude on September 18, 2023, Tata Steel said in a regulatory filing. “T

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Government extends Amitava Mukherjee’s additional charge as CMD of NMDC, NMDC Steel – ET Infra

[ad_1] The government has extended the tenure of Amitava Mukherjee’s additional charge as CMD of NMDC till November 19 this year. Mukherjee is a Director (Finance) at NMDC and holds the additional charge of the Chairman-cum-Managing Director (CMD) NMDC and NMDC Steel. “Ministry of Steel has communicated that the additional charge presently assigned to Amitava

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Tata Steel’s first-quarter profit slumps on spike in expenses, price drop – ET Infra

[ad_1] Tata Steel plant BENGALURU: India’s Tata Steel on Monday reported a staggering 92% slump in quarterly profit, hurt by the lower prices of alloy and expenses related to a pension scheme in Britain. Consolidated net profit came in at 6.34 billion rupees ($77.5 million) for the three months to June 30, while total revenue

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Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement – ET Infra

[ad_1] NEW DELHI: Adani group-owned Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it

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Domestic steel TMT rebar prices cool off to two-year low: SteelMint – ET Infra

[ad_1] The prices of TMT rebars, a key requirement for infrastructure projects, are trading at 24-month low levels and the trend is expected to continue for the next few quarters, SteelMint said. Rates of TMT bars produced through blast furnace (BF) route have touched Rs 51,400/tonne level and rebars manufactured through induction furnace (IF) are

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