Evonith Steel has completed the acquisition of Indrajit Power Pvt Ltd, an 85 MW coal-based power plant in Wardha, Maharashtra, for ₹232 crore through the Insolvency and Bankruptcy Code process. The National Company Law Tribunal approved Evonith as the successful resolution applicant, and the acquisition has now been concluded. Located adjacent to Evonith Steel’s manufacturing
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The Mumbai Metropolitan Region Development Authority has successfully launched the first composite steel span for Metro Line 2B across the Central Railway corridor between Kurla and Vidyavihar stations, marking a key engineering milestone for the Andheri–Mankhurd metro line. The 54.25-metre span, weighing 252 metric tonnes and comprising four composite steel girders, was installed during an
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India’s first bullet train corridor, the 508-kilometre Mumbai-Ahmedabad High-Speed Rail project, is steadily progressing across Maharashtra, Gujarat and Dadra & Nagar Haveli. Designed to operate at 320 kmph, the corridor will cut travel time between the two cities to approximately one hour and 58 minutes, using Japan’s Shinkansen technology and operational standards. The corridor will
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Interarch Building Solutions announced that it has secured an order worth Rs 87 crore from a customer operating in the renewable energy and solar panel industry. The company said the identity of the customer cannot be disclosed at this stage due to confidentiality obligations and commercial considerations. The scope of the order includes the design,
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The Maharashtra government has signed two Memorandums of Understanding worth Rs 1.75 lakh crore with JW Global Group and Shyam Steel, spanning solar, artificial intelligence, green hydrogen, nuclear and steel manufacturing, in the presence of Chief Minister Devendra Fadnavis. Of the total, JW Global and The Seed Consortium will invest Rs 1,65,000 crore across four
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ArcelorMittal Nippon Steel India has announced the launch of Zagnelis Protect, a premium Zinc-Aluminium-Magnesium coated steel brand designed for high-performance automotive applications, marking a first-of-its-kind manufacturing capability in India. Proven across European markets, the patented coating technology was previously available in India only through imports. With this launch, AM/NS India becomes the first company to
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India is reportedly in discussions with the World Bank and the Asian Development Bank (ADB) to secure loans worth $2.5 billion to support its infrastructure development plans amid rising fiscal pressures. The proposed package includes $1.5 billion from the World Bank and $1 billion from the ADB. The funds are expected to help sustain infrastructure
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KSH Integrated Logistics Pvt. Ltd. has launched its first warehouse in Eastern India, a 60,000 sq. ft. Grade-A, compliant, multi-client facility in Kolkata aimed at supporting businesses across Eastern and North-Eastern India. The new facility strengthens KSH’s integrated logistics network in one of India’s rapidly growing supply chain regions. Designed for sectors such as FMCG,
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Vedanta Iron and Steel Ltd (VISL) has outlined its ambition to become a leading integrated, resource-backed steel producer, supported by long-life iron ore reserves and operational integration across the value chain. The newly listed company is backed by around 4 billion tonnes of iron ore reserves and resources, providing more than 50 years of raw
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Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LoA) worth ₹967.93 crore from East Coast Railway for the construction of four major bridges on the Bhadrak–Vizianagaram railway section in Odisha. The project is aimed at enhancing rail capacity and improving connectivity on a key eastern rail corridor. Awarded on an Engineering, Procurement
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