Construction

Neeraj Akhoury elected as President of CMA – ET Infra

[ad_1] NEW DELHI: Neeraj Akhoury, Managing Director of Shree Cement, has been elected as the new President of Cement Manufacturers’ Association (CMA). JSW Cement Managing Director Parth Jindal has been appointed as Vice President of CMA, the apex body of India‘s large cement manufacturers. Both were unanimously elected at the Extraordinary General Meeting (EGM) of […]

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Rajkot’s first double-decker flyover to be inaugurated on July 23 – ET Infra

[ad_1] RAJKOT: Gujarat Chief Minister Bhupendra Patel is expected to inaugurate the KKV Chowk Flyover in Rajkot on July 23 — the city’s first double-decker flyover. With a budget of Rs 129 crore, the flyover is built over an existing first-level flyover that is already operational. Spanning a length of 1.15 km and measuring 15

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Adani Enterprises shares jump over 3% on Dharavi project nod – ET Infra

[ad_1] Shares of Adani Enterprises rose over 3% to Rs 2,459 on the NSE in Monday’s trade after the Maharashtra government gave nod for the Dharavi Redevelopment project to one of its group companies. The rub-off impact was seen on other Adani Group stocks as all 10 stocks were trading in the green, gaining up

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JSPL promoters in early talks to raise up to $3 billion – ET Infra

[ad_1] MUMBAI: Promoters of Jindal Steel and Power Ltd ( JSPL) led by industrialist Naveen Jindal are in exploratory talks with large global private credit funds and foreign banks to raise up to $3 billion, which will be potentially used to increase promoter holdings, said multiple sources aware of the ongoing discussions. According to the

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China, Vietnam’s share in India’s steel import rises during June 2023 – ET Infra

[ad_1] Representative image. The share of countries like China and Vietnam in India’s 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data. At 4.84 lakh metric tonne (LMT), India’s overall steel import registered a 5.9 per cent increase on a month-on-month (m-o-m) basis and 7.6

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Steel flyover coming up in Chennai’s T Nagar; to cost Rs 131 crore – ET Infra

[ad_1] CHENNAI: In an effort to fast-track work, Greater Chennai Corporation is building a steel flyover in T Nagar on congested South Usman Road. Officials said this is the second fully steel bridge in the state after the one at Marthandam in Kanyakumari district. Corporation chief engineer (general) S Rajendiran said the pile and pile

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Maha govt seal on Adani for Dharavi redevpt, 1st buildings likely in 2024 – ET Infra

[ad_1] MUMBAI: Adani Properties Ltd was formally appointed the lead developer for the Dharavi redevelopment project on Thursday with the state housing department issuing a Government Resolution. The government is keen to kickstart the beleaguered project and ensure at least a few buildings come up before the 2024 Lok Sabha elections. Sources said the first

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India to reject call for anti-subsidy tax on some Chinese steel products – ET Infra

[ad_1] NEW DELHI: India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters. In a rare move the ministry is to reject the recommendation by the Directorate General of Trade Remedies (DGTR) to impose

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Tata Steel offers Rs 83 lakh for R&D projects in low carbon segment – ET Infra

[ad_1] Tata Steel will fund research and development (R&D) projects in low carbon hydrogen segment under the partnership with British High Commission in India. As part of the ‘UK-India Hydrogen Partnership Sprint Series’, Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low carbon hydrogen segment.

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Inability to raise prices to limit cement companies’ gains in June – ET Infra

[ad_1] Cement makers in India are expected to report limited benefits from the strong demand and lower input costs in the June quarter as they were unable to raise prices amid heightened competition. Demand for cement, boosted by spending for infrastructure in a pre-election year and a delay in the onset of monsoon, is estimated

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