Construction

Air pollution: BMC, MMRDA, Metro accused for flouting green norms – ET Infra

[ad_1] Mumbai is upgrading’ is a slogan locals are most familiar with when stuck in traffic jams due to a slew of ongoing infrastructure projects. But this “upgradation” is one of the major causes of air pollution that has engulfed the city. It took a phone call from the Prime Minister’s Office to wake up […]

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Gujarat CM directs R&B dept to blacklist contractor – ET Infra

[ad_1] GANDHINAGAR: Chief minister Bhupendra Patel on Thursday directed the roads and buildings department to initiate a process to blacklist GPC Infrastructure Ltd, the contractor of the bridge whose portion collapsed earlier this week, killing two persons. The CM also ordered that Mcway Managements Ltd, the consultant for the project, be debarred with immediate effect.

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India’s ACC beats Q2 profit view on strong domestic demand – ET Infra

[ad_1] BENGALURU: India’s ACC on Thursday reported a bigger-than-expected second-quarter profit aided by sturdy domestic demand, and forecast strong growth for the cement industry. The cement maker’s profit after tax stood at 3.84 billion rupees ($46.16 million), compared to a loss of 910.9 million rupees a year ago. Analysts polled by LSEG expected a profit

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India-Canada row unlikely to hit Teck deal plan: JSW Steel – ET Infra

[ad_1] The recent souring of diplomatic relations between India and Canada is unlikely to have an impact on JSW Steel‘s plan to buy a stake in the metallurgical coal unit of Canadian-based Teck Resources, joint managing director and chief executive officer Jayant Acharya said. “We have been in discussions with Teck to look at opportunities

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Adani auditor EY faces inquiry by India’s accounting regulator – ET Infra

[ad_1] One of the Adani Group’s longtime auditors is being scrutinized by India’s accounting regulator, according to people familiar with the matter. The National Financial Reporting Authority, or NFRA, has in recent weeks started an inquiry into one of the member firms of EY in India, S.R. Batliboi, said the people, who asked not to

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Ajay Goel returns to Vedanta as CFO after quitting from BYJU’S – ET Infra

[ad_1] NEW DELHI: Veteran finance professional Ajay Goel returned to Vedanta Ltd as the new chief financial officer just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious business restructuring. He replaced Sonal Shrivastava who resigned from the post months after joining. In a stock exchange filing, Vedanta said Goel has

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India’s JSW steel boss says ‘nothing concrete’ with Canada’s Teck – ET Infra

[ad_1] NEW DELHI: India’s JSW Steel Ltd’s discussions with Canada’s Teck Resources over buying a possible stake in its coking coal unit have yielded “nothing concrete”, JSW Steel Chief Executive Jayant Acharya told Reuters on Monday. Last month, Reuters reported that JSW Steel, India’s largest steelmaker by capacity, had slowed down the process to buy

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Steel ministry nod must for imports not cleared by BIS – ET Infra

[ad_1] The Centre has made the steel ministry‘s nod mandatory for imports which have not been cleared by the Bureau of Indian Standards (BIS), a move aimed at a crackdown on substandard goods. The decision comes after the BIS issued a quality control order for a variety of steel products and importers were mandated by

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Debt not a concern, focus is on capacity expansion: JSW Steel – ET Infra

[ad_1] Debt is not a concern for JSW Steel as the company’s financial ratios remain healthy and it invests in expansion, joint managing director Jayant Acharya said. The Mumbai-based steelmaker has a consolidated net debt of ₹69,195 crore as of September 30, growing more than 5% year-on-year and almost 4% sequentially. “I don’t think debt

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Kejriwal inaugurates 3-lane flyover in Delhi – ET Infra

[ad_1] Speaking at the inauguration event, the Delhi CM said that the new flyover will ease traffic around Ashram, Moolchand, and further stops on that route. There is no red light on the entire ring road, he further added. This flyover will make Sarai Kale Khan jam-free. Kejriwal further added that his government has saved

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