Construction

India, Japan agree to collaborate in steel and decarbonisation issues – ET Infra

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[ad_1] India and Japan are the world’s second and third largest steel producers. Jyotiraditya M. Scindia, Union Minister of Steel and Nishimura Yasutoshi, Minister of Economy, Trade and Industry of Japan, held a bi-lateral meeting in New Delhi today to discuss the cooperation in the steel sector and decarbonisation issues. Both sides stressed on the […]

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Ministry of Corporate Affairs orders inspection against Shree Cement – ET Infra

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[ad_1] NEW DELHI: Shree Cement on Wednesday received a letter from the office of Regional Director (NWR), Ministry of Corporate affairs (MCA), informing about order of inspection under Section 206(5) of the Companies Act, 2013. Shree Cement will comply with the directions, the company said in a filing. In June, there were reports of a

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Adani to continue using ACC, Ambuja brands; no plans to merge – ET Infra

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[ad_1] Adani Group will continue to use its ACC and Ambuja cement brands to sell cement products and has no plans to merge the two entities, Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. The group became India’s second-largest cement producer in 2022, behind UltraTech Cement, with its

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‘Adani Group confident of its governance and disclosure standards’ – ET Infra

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[ad_1] The Adani group is confident of its governance and disclosure standards and will strive to improve those further, chairman Gautam Adani said on Tuesday and claimed that Hindenburg Research’s report against it was a combination of “targeted misinformation” and “discredited allegations”. “An expert committee set up by the Supreme Court of India to probe

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Modi govt has sanctioned 1.19 cr houses under PMAY-U: Puri – ET Infra

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[ad_1] NEW DELHI: Union Minister Hardeep Singh Puri on Tuesday said the Modi government has sanctioned 1.19 crore houses under the PMAY (Urban) and 75 lakh houses have already been delivered to beneficiaries. Speaking at the ‘Connect Karo 2023′ event here, the minister said the Swachh Bharat Mission (Urban) has brought in a pan-India behavioural

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HeidelbergCement India Q1 net profit rises 1.4 pc to Rs 52.32 cr – ET Infra

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[ad_1] NEW DELHI: HeidelbergCement India on Tuesday reported a marginal rise of 1.37 per cent in net profit at Rs 52.32 crore for the first quarter ended June 30, amid easing fuel price and packaging cost. The company had reported a net profit of Rs 51.61 crore in the April-June quarter a year ago, HeidelbergCement

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Airport shorter route project finally starts in Chandigarh – ET Infra

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[ad_1] CHANDIGARH: The long-delayed project — the shorter-route to Shaheed Bhagat Singh International Airport here — has finally moved from drawing board to implementation stage. On Monday, a detailed ground survey of the land where the alternative road to airport from Chandigarh is to come up was conducted. The land falls within the UT administration

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Adani reiterates his commitment to Mumbai’s development – ET Infra

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[ad_1] Indian billionaire Gautam Adani in his shareholder speech on Tuesday reiterated his commitment towards Mumbai’s development. He said the Navi Mumbai airport project was on schedule and would start its operations by December 2024. Navi Mumbai International Airport project is proposed to be developed in multiple phases having a total capacity of 60 million

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Adani’s go-to bankers at Barclays turn cautious after Hindenburg – ET Infra

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[ad_1] For more than a decade, Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a few global firms were working with the emerging conglomerate. An explosive report by short-seller Hindenburg Research in January has changed all that, prompting the bank to pare its exposure, leaving

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Indian traders scoop up cheaper Chinese steel, says industry executives – ET Infra

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[ad_1] Indian traders have been scooping up Chinese steel at a deep discount, industry officials and analysts said, spooking Indian producers ahead of a seasonal pick up in domestic demand. Lured by discounts of $30 to $50 a tonne on hot-rolled and cold-rolled products, Indian buyers are signing a flurry of import deals, they added.

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