Construction

Steel expansion plans threatened by scrap metal export restrictions – ET Infra

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[ad_1] Potential restrictions on scrap metal shipments from the European Union as it seeks to reduce industrial emissions may make it harder for India to grow its steel sector. Countries are recycling more scrap domestically to reduce the use of pollutive feedstocks like iron ore in the steel-making process. For India, which is scrap deficient […]

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Jindal Steel plummets 8% as delay in capex seen hurting volume growth – ET Infra

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[ad_1] Shares of Jindal Steel and Power saw major selling on Wednesday as a delay in the company’s capacity addition plan is seen hurting its volume growth even as peers are geared to take on the strong demand momentum for steel in the domestic market. The steel-maker’s shares saw their sharpest intraday fall in nearly

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Tata Steel reports Rs 6,511 cr Q2 loss on impairment costs from UK – ET Infra

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[ad_1] Asia’s oldest steel maker, Tata Steel, slipped deep into the red in the September quarter as it took on books exceptional losses of nearly ₹6,900 crore related to the impairment of its heavy-end assets, and restructuring costs relating to UK operations. The company reported a consolidated net loss of ₹6,511.16 crore for the period

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We need to create something that’s going to sustain us: L&T – ET Infra

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[ad_1] Engineering major Larsen and Toubro (L&T) is following in the footsteps of other Indian conglomerates like Vedanta and Tata Group, foraying into fabless semiconductor chip design. The company plans to invest Rs 830 crore through a wholly-owned subsidiary which will be engaged in the business of fabless semiconductor chip design for the automotive as

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India Cements Ltd posts standalone Q2 net loss at Rs 81.39 cr – ET Infra

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[ad_1] CHENNAI: Cement maker The India Cements Ltd has reported a standalone net loss for the July-September 2023 quarter at Rs 81.39 crore, the company said on Wednesday. The standalone net loss during the corresponding quarter of last year stood at Rs 137.58 crore. For the six-month period ended September 30, 2023 the net loss

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Ambuja Cements misses Q2 revenue view on weak sales volumes – ET Infra

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[ad_1] BENGALURU: India’s Ambuja Cements on Wednesday missed quarterly revenue estimates after higher prices damped sales volumes. Revenue from operations grew 8% to 39.7 billion rupees ($476.8 million) for the three months ended Sept. 30, but fell short of analysts’ estimate of 41.43 billion rupees, according to LSEG data. Despite infrastructure and real estate demand,

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Jindal Steel and Power drops 6 per cent in trade post Q2 results – ET Infra

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[ad_1] Jindal Steel and Power was down 6.45 per cent in trade at Rs 593 on BSE. Tushar Chaudhari – Research Analyst, Prabhudas Lilladher said in a note that commissioning of 5.5mtpa Hot Strip Mill (HSM) is on track to be completed in 3QFY24 but expect delay in commissioning of 3mtpa BOF-III. BOF-II timeline further

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RRTS corridor: Six steel plans set up for crossing Ghazipur drain – ET Infra

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[ad_1] NEW DELHI: The NCR transport corporation on Tuesday said it has installed six steel spans with a combined length of around 360 metres for crossing the Ghazipur drain and Kondli roundabout on its upcoming Delhi-Meerut RRTS corridor. These steel spans have been installed one after the other, making it the only place on the

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India’s September infra sector output up 8.1% year-on-year – ET Infra

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[ad_1] Representative Image NEW DELHI -India’s infrastructure output rose 8.1% year-on-year in September but was at a four-month low with growth across most sectors slowing, government data showed on Tuesday. Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output. A pickup in rains “expectedly flattened core sector

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Israel-Hamas conflict unlikely to impact projects in Middle East: L&T – ET Infra

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[ad_1] Fujairah Port NEW DELHI: The Middle East Region is a major international market for India’s construction and engineering heavyweight Larsen & Toubro, with a large number of projects in Saudi Arabia. While the ongoing armed conflict between Israel and Hamas has increased the risk of an all out war which may involve several countries

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