Nagpur-based geospatial and engineering tech firm leads the digital overhaul of the central Indian state’s mining operations. Nagpur-based geospatial and engineering technology company, CS TECH Ai, has overseen the seamless launch of Chhattisgarh Infotech Promotion Society’s (CHiPS) Khanij Online 2.0 (KO 2.0) platform, marking a key milestone in India’s push for technology-led and transparent mineral...
Category: Materials
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JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
JSW Paints will acquire up to 74.76 per cent of Akzo Nobel India for a maximum consideration of ₹89.86 billion, subject to closing adjustments. JSW Paints—the paints arm of the ₹23 trillion JSW Group—has entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel and its...
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Laying the concrete foundation for India’s economic triumph
The four pillars form the foundation for a prosperous and equitable future. The four pillars — infrastructure, investment, innovation, and inclusion — are the cornerstones of India’s economic success. They are not mutually exclusive but intricately connected, creating a powerful synergy that drives the nation forward, says Anil Banchhor, MD & CEO, RDC Concrete India Pvt...
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Opinion: Growth momentum in steel to continue into FY2022
The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
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Secondary steel sector to play key role in achieving NSP targets
Minister of State for Steel, Faggan Singh Kulaste has said that the secondary steel sector will play an important role in achieving the 300 million tonne (MT) target of steel capacity by 2030-31, as laid out in the National Steel Policy-2017.
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Cement Manufacturers’ Association (CMA) and trade unions sign a new wage pact
The Cement ManufacturersÂ’ Association (CMA) and Federation of major central trade unions (INTUC, AITUC, BMS, HMS, and CITU and LPF
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IBC, infra push put steel sector in an M&A sweat spot
With the capacity of sizable scale available at bargain prices, the sector will see a lot of Mergers and Acquisition (M&A) activities as bigger players with deep pockets eventually closing in on financially weak but potentially viable smaller firms.
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NLMK to invest Rs 10 billion in AURIC
Novolipetsk Steel (NLMK) is keen on investing Rs 10 billion for setting up a unit at Aurangabad Industrial City (AURIC).
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JSW Energy acquire JSPL power plant
JSW Energy announced that the company had entered into a Securities Purchase Agreement to acquire the 1,000 MW
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JSPL records domestic steel production of 1.23 MT in Q1 FY2019
The domestic crude steel production at JSPL’s integrated steel plants at Angul and Raigarh during the quarter April–June 2018 clocked a record 1.23 million tonne (MT), i.e. a rise of 36 per cent from 0.90 mt, a year ago