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GOI approves Konoike Transport as buyer of Ferro Scrap Nigam for Rs 320 billion
FSNL, founded in 1979, specialises in recovering and processing scrap from slag in steel plants.Read more
Carborundum Universal acquires full stake in US-based Silicon Carbide Products
The transaction is expected to close by the end of October 2024. Read more
Caterpillar to invest Rs 5 billion to expand Tamil Nadu facilities
In addition to this MoU, agreements worth Rs 70.16 billion were signed with 16 global companies in San Francisco and Chicago.Read more
NMDC sets Rs 22 billion capex in FY25 for slurry pipeline and processing plants
A flagship project in this plan is the 135-kilometer slurry pipeline from Bacheli to Nagarnar. Read more
JSW Steel open to acquiring operating coking coal mines
Earlier this month, JSW Steel announced its acquisition of a 66.67% economic interest in M Resources NSW.Read more
State oil companies are investing in petrochemical; despite facing oversupply
The aim is to boost the production of essential chemicals used in plastics, paints, and other industrial applications, which have historically been imported from countries like China.Read more
Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA
Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more
SBL Energy appoints Col Shailendra Pathak as defence division president
This decision is in line with the company’s commitment to strengthen defence infrastructure, promote self-reliance, and boost defence exports that aligns with the government’s vision.Read more
May-24 IIP received manufacturing boost to 5.91%
The trends in mining, manufacturing, and electricity have fluctuated over the past few months. Read more
MEAI Ahmedabad celebrates 28th Foundation Day; session on energy transition
The session aimed at providing professionals with the state-of-the-art knowledge and advancements in these fields, guaranteeing that they stay ahead of industry trends and innovations.Read more