Construction

Adani aims to close planned $4 bn fundraising by end-Dec: Report – ET Infra

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[ad_1] India’s Adani Group is aiming to close its planned up to $4 billion fundraising before the end of 2023, and is actively talking to global investors about participating, a source with direct knowledge of the matter said on Wednesday. The group’s flagship, Adani Enterprises, and Adani Green have board approvals to raise around $1.5

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Tata Steel joins LeadIT to drive net-zero industry transformation – ET Infra

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[ad_1] Tata Steel has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry, the company said on Wednesday. LeadIT was created by the governments of Sweden and India during the UN Climate Action Summit in September 2019 and is backed by the World

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With Rs 1,000 cr at stake, Tata Steel moves SC in Bhushan Steel case – ET Infra

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[ad_1] Tata Steel, which took over bankrupt Bhushan Steel in 2018, has challenged the Delhi High Court order regarding an avoidance application in the Supreme Court. The division bench stated that Tata Steel cannot benefit from the amounts received, and those benefits of about Rs 1,000 crore should be appropriated to the creditors, according to

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India’s steel output grows 8.37 pc to 33.63 MT in Apr-Jun: SteelMint – ET Infra

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[ad_1] India‘s crude steel production increased by 8.37 per cent in April-June period to 33.63 MT and the momentum is likely to continue in the current quarter as well, according to SteelMint. Higher production and capacity ramp-up activities by steel mills will meet the increasing demand, the research firm said in a note. India had

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Micro-tunnelling of Barauni-Guwahati gas pipeline project completed – ET Infra

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[ad_1] GUWAHATI: The micro-tunnelling for GAIL-executed Barauni-Guwahati gas pipeline project has come to an end with the completion of a vital line under the confluence of three rivers in Chirang district of Assam, a press release said on Monday. Tunnelling was concluded under the confluence of Kanamakra, Aie and Manas rivers of the Gas Pipeline,

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Odisha approves 11 industrial projects worth Rs 3,266-crore investment – ET Infra

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[ad_1] BHUBANESWAR: Odisha government on Monday approved 11 industrial projects worth Rs 3,266 crore which will generate employment for 9,146 people. The projects were approved at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary PK Jena. The projects are spread across diverse sectors such as metal downstream and ancillary, chemicals,

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Saryu seeks coordination between JNAC & Tata Steel – ET Infra

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[ad_1] JAMSHEDPUR: The Jamshedpur (East) MLA and BJM president, Saryu Roy has advocated coordinated approach between Jamshedpur Notified Area Committee (JNAC) and Tata Steel for judicious development of the city. The MLA said that the city deserves a joint mechanism for balanced development of the civic amenities in the urban circle. The amenities like sewerage,

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NHB operationalises Urban Infra Development Fund announced in Budget – ET Infra

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[ad_1] NEW DELHI: National Housing Bank (NHB) on Sunday said it has operationalised Urban Infrastructure Development Fund (UIDF) announced in the budget with an initial corpus of Rs 10,000 crore. Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced setting up of the UIDF through the use of priority sector lending shortfall for the

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Jaiprakash Associates defaults on Rs 4,044-crore loans – ET Infra

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[ad_1] Crisis-hit Jaypee Group‘s flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount. In a regulatory filing on Friday, Jaiprakash Associates Ltd (JAL) informed that the company on June 30th defaulted on repayments of a principal amount of Rs 1,660 crore and interest of Rs 2,384 crore.

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Tata Group’s highest-paid CFO does not belong to TCS or Tata Steel – ET Infra

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[ad_1] MUMBAI: Recently, Tata Group companies released their annual reports, which revealed that the salaries of chief executives within the group saw an increase of 16 to 60 percent during the previous fiscal year. According to media reports, the salaries of chief financial officers (CFOs) within the group increased within the range of 6 to

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