Construction

Jaiprakash Associates defaults on Rs 4,258 crore loans – ET Infra

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[ad_1] Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates on Monday said it has defaulted on loans worth Rs 4,258 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company has on October 31 defaulted on repayments of a principal amount of Rs 1,733 crore and interest of […]

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British Steel green furnace switch sparks jobs warning – ET Infra

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[ad_1] LONDON: Chinese-owned British Steel on Monday launched plans to replace its coal-powered blast furnaces with electric technology that emits less pollution, but unions warned it would threaten up to 2,000 jobs. The company, which is owned by Chinese group Jingye, announced in a statement that it will replace its blast furnaces with electric arc

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Construction equipment sales rise to 30,078 units in Q2 of FY24: ICEMA – ET Infra

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[ad_1] NEW DELHI: India‘s construction equipment industry has witnessed a 31 per cent rise in sale to 30,078 units in the second quarter of the current fiscal, a report said on Monday. As per the data released by Indian Construction Equipment Manufacturers Association (ICEMA), the construction equipment (CE) industry had sold 22,941 units in Q2

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Heidelberg Cement India Q2 profit jumps five-fold on infra demand – ET Infra

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[ad_1] BENGALURU: HeidelbergCement India on Monday reported more than a five-fold surge in quarterly profit, boosted by higher infrastructure spending ahead of elections in the country. The Indian unit of Germany-based HeidelbergCement Group reported a net profit of 358 million rupees ($4.30 million) for the three months ended Sept. 30 from 70.1 million rupees a

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CCI to conduct pan-India cement market study – ET Infra

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[ad_1] New Delhi: The Competition Commission of India (CCI) has commenced a comprehensive market study covering the cement sector across India. This study aims to thoroughly understand the cement market’s functioning and its competitive state, crucial for sectors like housing and infrastructure, which significantly impact the country’s economic growth trajectory. Recognizing the susceptibility of the

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Tata Steel seeks financial aid for Netherlands unit – ET Infra

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[ad_1] After securing a funding in the UK, Tata Steel is looking for a financial aid from the Netherlands government to execute its decarbonization plans. In October 2021, Tata Steel completed the process of separating Tata Steel UK and Tata Steel Netherlands as two independent companies from Tata Steel Europe. “In Netherlands, we will shortly

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Mumbai: New FOB commissioned at Kurla suburban station – ET Infra

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[ad_1] MUMBAI: A new Foot Over Bridge (FOB) was commissioned and opened for passengers at Kurla station (at it’s Kalyan end). This station already has five FOBs. The FOB was constructed at a cost of Rs 10.6 crore and has a width of 8 metre and length close to 80 metres, said Central Railway chief

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JK Cement Q2 profit up 62 pc to Rs 178 cr – ET Infra

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[ad_1] NEW DELHI: JK Cement Ltd (JKCL) on Saturday reported 62.18 per cent rise in consolidated profit to Rs 178.47 crore for the second quarter ended September 2023. It logged a net profit of Rs 110.04 crore in the July-September period a year ago, according to a regulatory filing by JKCL. Revenue from operation was

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L&T to divest 100% stake in subsidiary LTIEL – ET Infra

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[ad_1] L&T on Friday said it will sell its 100 per cent stake in subsidiary L&T Infrastructure Engineering Ltd (LTIEL) to a French entity. This transaction aligns with the company’s commitment to focus on its core businesses and assets. “L&T…has announced the divestment of its 100 per cent stake in L&T Infrastructure Engineering Ltd ,”

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VM Mohan appointed India Cements additional director – ET Infra

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[ad_1] CHENNAI: India Cements appointed V M Mohan as its additional director with effective from November 1, 2023. He has joined the company’s board as a non-executive and non-independent director. A qualified chartered accountant, cost and management accountant and company secretary, Mohan has more than four decades of experience of working in various positions in

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