Construction

India’s April finished steel imports from China hit five-year high – ET Infra

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[ad_1] NEW DELHI: India‘s finished steel purchases from China touched a five-year high in April, and the country’s overall imports of the alloy reached a four-year high, according to provisional government data reviewed by Reuters. In April, China emerged as the second-biggest steel exporter to India by shipping out 0.1 million tonnes, up 79% year

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MP: Centre approved Rs 38,000cr for Dakshina Kannada in 9 years – ET Infra

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[ad_1] MANGALURU: Dakshina Kannada MP Nalin Kumar Kateel said the Narendra Modi government has sanctioned various projects worth Rs 38,000 crore to the district in the past nine years. Giving out details of the achievements of the BJP government, Kateel said that the central government has decided to implement a revised tunnel road project to

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Central aid for R&D to set up pilot using green hydrogen to make steel – ET Infra

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[ad_1] The centre will aid research and development (R&D) projects to set up pilot plants for production and utilisation of green hydrogen in the iron and steel making processes. A Steel Ministry order said that Rs 455 crore has been earmarked for the steel sector under the National Green Hydrogen Mission. This amount will be

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Gautam Adani to raise $3.5 bl from share sale in three group companies – ET Infra

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[ad_1] Billionaire Gautam Adani‘s conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd – the group’s flagship firm – and electricity

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Amarendu Prakash takes charge as SAIL chairman – ET Infra

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[ad_1] NEW DELHI: Amarendu Prakash took over as Chairman, Steel Authority of India Limited (SAIL) on Wednesday. Prior to this, Prakash was Director in-charge at Bokaro Steel Plant (BSL), a post he held since 2020. He is a metallurgical engineer from BIT Sindhri and joined SAIL in 1991 as a Management Trainee (Technical). A company

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Street cheers SAIL’s capex plans, guidance – ET Infra

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[ad_1] MUMBAI: Shares of Steel Authority of India (SAIL) saw their sharpest jump in three months Monday after its management guided for a 15% growth in sales volumes and lower costs for FY24 and set a target of nearly doubling annual output in eight years. Shares rose more than 3% intraday before closing at ₹84.35

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Tata Steel Mining partners with METRON to reduce carbon footprint – ET Infra

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[ad_1] BHUBANESWAR: Tata Steel Mining Limited (TSML) on Tuesday signed a Memorandum of Understanding (MoU) with French Cleantech company METRON, to design and implement an advanced energy management and optimisation platform for the company’s Ferro Alloys Plant located at Athagarh in Odisha‘s Cuttack district. METRON is a leading provider of cloud-based energy management solutions. According

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Dalmia Bharat blended cement being used in major highway projects – ET Infra

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[ad_1] Representative Image MUMBAI: Blended cement by Dalmia Bharat Ltd is being used in major infrastructure projects including the Union government’s marquee Bharatmala scheme. Cement blends Dalmia INFRAPRO and Dalmia INFRAGREEN have been introduced by Dalmia Bharat Ltd., one of India’s top cement manufacturers, in connection with important infrastructure projects. The business has already begun

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HeidelbergCement India’s net profit dips 62.64% in Q4 FY23 – ET Infra

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[ad_1] NEW DELHI: HeidelbergCement India has reported a dip of 62.64 per cent in its net profit during the quarter ended March 31, 2023. Its profit after tax stood at Rs 34.97 crore in Q4 FY23 as against Rs 93.61 crore it registered in the corresponding quarter of the previous fiscal, the company said in

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Local steel prices may fall further on China exports – ET Infra

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[ad_1] MUMBAI: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is seen undercutting exports from India amid weakening global demand. At around Rs 57,000 per tonne, prices of hot-rolled coils in May are down

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