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Kolkata: Shyam Metalics and Energy Limited (SMEL) is targeting a 2.5 times increase in revenue to reach Rs 40,000 crore by 2031, driven by capacity expansion, product mix enhancement and export diversification. One of India's leading integrated metal producers, SMEL also aims to expand its aggregate capacity from 15 million tonnes to 27 million tonnes in the next six years, the company said in a BSE filing on Thursday."The growth programme is expected to create over 10,000 new direct and indirec ...Read More >
Kolkata: Shyam Metalics and Energy Limited (SMEL) is targeting a 2.5 times increase in revenue to reach Rs 40,000 crore by 2031, driven by capacity expansion, product mix enhancement and export diversification. One of India's leading integrated metal producers, SMEL also aims to expand its aggregate capacity from 15 million tonnes to 27 million tonnes in the next six years, the company said in a BSE filing on Thursday."The growth programme is expected to create over 10,000 new direct and indirec ...Read More >
The Network Planning Group evaluated five infrastructure projects on Friday, which included two highway projects, two railway projects and a Metro... The Network Planning Group evaluated five infrastructure projects on Friday, which included two highway projects, two railway projects and a Metro Rail Project, for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and a 'whole-of-government' approach. The ...Read More >
CHANDIGARH: Rs 5 crore in cash, 1.5kg of gold jewellery, 22 luxury watches, keys to an Audi and a Mercedes, 40 litres of imported liquor, and multiple firearms -- these were seized by the CBI during a high-stakes raid that led to the arrest of Ropar Range DIG Harcharan Singh Bhullar and a middleman on ThursdayDocuments linked to immovable properties and assets across Punjab were also confiscated, exposing a sprawling alleged bribery network.The arrests came after an iron merchant from Fatehgarh ...Read More >
Mohali: Ropar Range DIG Harcharan Singh Bhullar and a 'middleman' were arrested by CBI at his Mohali office on Thursday on bribery charges after an iron merchant from Fatehgarh Sahib district complained that the IPS officer was demandings ₹8 lakh to 'settle' a case.CBI officers seized around ₹5 crore in cash, 1.5kg of jewellery, 22 'luxury watches', keys to an Audi and a Mercedes, locker keys, 40 litres of imported liquor bottles, a pistol, a revolver and a double-barrelled gun during searches a ...Read More >
Vijayawada: Calling Prime Minister Narendra Modi "the leader of the 21st Century," Chief Minister N. Chandrababu Naidu said the "double-engine" NDA government at the Centre and in AP has brought double benefits to the state. Speaking at the Super GST-Super Savings, Bachhat Utsav public meeting in Kurnool on Thursday, the CM hailed the Centre's cooperation for bringing record-level investments to the state and said, "Modi's victory is India's victory -- and that is our victory too." Lauding the ...Read More >
Jindal Stainless has announced a $150 million investment to set up a second slag processing unit at its Jajpur facility in Odisha, in a 15-year partnership with Harsco Environmental. The plant will recover metals from industrial waste, supporting the company's expanded capacity and long-term circularity goals. Jindal Stainless has announced a $150 million investment for setting up a slag processing unit at its Jajpur facility, a second such unit that is being set up by the company, as per a rel ...Read More >
New Delhi: A team of senior officials from India will visit the US this week for trade talks, and negotiations on the proposed bilateral trade agreement are progressing well, a top official said Monday. In February this year, leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). It was planned to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been completed. "The Indian ...Read More >
Gurugram (Haryana) [India], October 16: When Vingroup, the largest private conglomerate in Vietnam, launched VinMetal in September 2025, it made clear that this was about more than steel. The company is investing about 380 million dollars to produce construction steel and high-strength alloys. Its first customers will be within the group itself, supplying projects for Vinhomes and VinFast. Over time, VinMetal will also target major infrastructure works and exports. "VinMetal is not just a steel ...Read More >
Gurugram (Haryana) [India], October 16: When Vingroup, the largest private conglomerate in Vietnam, launched VinMetal in September 2025, it made clear that this was about more than steel. The company is investing about 380 million dollars to produce construction steel and high-strength alloys. Its first customers will be within the group itself, supplying projects for Vinhomes and VinFast. Over time, VinMetal will also target major infrastructure works and exports. VinMetal is not just a steel p ...Read More >
NewsVoir Gurugram (Haryana) [India], October 16: When Vingroup, the largest private conglomerate in Vietnam, launched VinMetal in September 2025, it made clear that this was about more than steel. The company is investing about 380 million dollars to produce construction steel and high-strength alloys. Its first customers will be within the group itself, supplying projects for Vinhomes and VinFast. Over time, VinMetal will also target major infrastructure works and exports. "VinMetal is not jus ...Read More >
Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. New Delhi, Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. Speaking ...Read More >
Cochin Shipyard and Mazagon Dock signed MoUs with Tamil Nadu agencies to set up major shipbuilding complexes. Image: Pixabay | representational With the government announcing investments to the tune of Rs 69,725 crore for shipbuilding and maritime reform in India this year, the sector is entering a promising phase of growth. Shipbuilding, often termed the "mother of heavy engineering", plays a central role by generating employment, attracting investment, and strengthening national security and ...Read More >
New Delhi [India], October 16: India's shipbuilding industry is charting an ambitious new course -- from a modest player in global ship construction to a serious contender among the world's top five shipbuilding nations by 2047. Backed by bold government reforms, strategic investments, and strong advocacy from the Shipyards Association of India (SAI), the sector is entering what many call its most transformative phase yet. Also Read | OnePlus 15, OnePlus Ace 6 Launch Expected in China on Octobe ...Read More >
PNN New Delhi [India], October 16: India's shipbuilding industry is charting an ambitious new course -- from a modest player in global ship construction to a serious contender among the world's top five shipbuilding nations by 2047. Backed by bold government reforms, strategic investments, and strong advocacy from the Shipyards Association of India (SAI), the sector is entering what many call its most transformative phase yet. A Sea of Opportunity Despite having one of the world's longest coa ...Read More >
Gadchiroli: Maharashtra chief ministerDevendra Fadnavis on Wednesday announced a ₹3 lakh crore investment plan to transform Gadchiroli into India's first "green steel hub," promising one lakh jobs for local youths and a massive afforestation drive of 5 crore trees to preserve the district's fragile ecosystem.Speaking at an event in Gadchiroli where 62 Maoists, including their ideologue Bhupathi, surrendered before police, Fadnavis said his govt was determined to ensure that development would not ...Read More >
Tata Steel India reported a seven percent increase in crude steel production to 5.67 million tonnes in the second quarter of the current fiscal, driven by the normalization of operations post-blast furnace relining. Domestic sales also saw a rise to 5.56 MT, supported by improved production and stable demand across market segments. Steel major Tata Steel on Thursday said its crude steel production in India rose by seven per cent to 5.67 million tonnes in the second quarter of the current fiscal ...Read More >
Jindal Stainless on Monday launched its first stainless steel fabrication unit built with an initial investment of approximately Rs 125 crore. The facility is located at Washivali, Patalganga, in Mumbai spanning 4 lakh square ft. Built under the company's subsidiary Jindal Stainless Steelway Limited (JSSL), the fabrication unit will cater to the needs of bridge sector and focus on fabricating, among other critical components, various types of girders. BY FY27, the unit is expected to achieve a ...Read More >
New Delhi, Oct 6 (PTI) State-owned SAIL has catered to the 100 per cent requirement of special grade steel for the Indian Navy's vessel, Androth, which was commissioned on Monday. The second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) was commissioned during a ceremonial event at the Naval Dockyard at Visakhapatnam in Andhra Pradesh. The induction of Androth will enhance the Navy's overall Anti-Submarine Warfare capabilities, particularly for operations in coastal and shallow waters. ...Read More >
Indian and EU officials will commence their 14th round of free trade agreement talks in Brussels on Monday, aiming to resolve differences and conclude negotiations by December. Commerce Minister Piyush Goyal is hopeful for an early agreement, which seeks to boost bilateral commerce and investments. Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement on Monday in Brussels to iron out differences on issues for e ...Read More >
BENGALURU, Oct 1 (Reuters) - India's manufacturing sector expansion lost some momentum last month, slipping to its weakest pace in four months but remaining strong, while factory gate prices surged at the fastest rate in nearly 12 years to combat mounting input costs, a survey showed on Wednesday. That suggests the United States' punitive 50% tariffs on Indian goods could be starting to bite Asia's third-largest economy, which has been the fastest growing among major nations this year. HSBC's ...Read More >
Chennai, Oct 2 (SocialNews.XYZ) The bodies of nine migrant workers from Assam, who died in a devastating construction site accident at the Ennore Special Economic Zone (SEZ) Super Critical Thermal Power Station near Chennai, were flown to their native state early on Thursday morning on a special flight arranged by the Tamil Nadu government. The fatal mishap occurred late on Tuesday evening when a massive steel structure being erected for the coal handling unit of the 2x660 MW plant suddenly gav ...Read More >
New Delhi: Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which allows compa ...Read More >
New Delhi, Oct 1 (PTI) Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which ...Read More >
Raipur, Oct 1 (SocialNews.XYZ) In a significant breakthrough in the ongoing anti-Naxal operations, the Cobra 208 Battalion of the Central Reserve Police Force (CRPF) uncovered a massive cache of explosives and daily-use materials hidden by Maoists in the dense forests of the FOB Kauragutta area, under the jurisdiction of Police Station Pamed in Chhattisgarh's Bijapur district. The operation, part of a routine patrol and search mission, led security forces to a concealed pit in the forest near t ...Read More >
Mumbai : Swan Defence and Heavy Industries Limited (SDHI), India's largest shipbuilding and heavy fabrication company, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries, one of the world's leading shipbuilders in specialized and complex vessels. Both the partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. On the shipbuilding collaborations, the projects will encompass a wide range of ...Read More >
(RTTNews) - India's factory growth showed a mild loss of momentum in September amid stronger rises in input and output prices, final survey data from S&P Global showed on Wednesday. The HSBC manufacturing Purchasing Managers' Index dropped to 57.7 in September from 59.3 in August. However, a score above 50 indicates expansion, and the same was below the flash estimate of 58.5. Among components, new orders, output, and input buying all rose at the slowest rates since May, while job creation ret ...Read More >
CHENNAI: Chief Minister M K Stalin on Tuesday inaugurated the city's first steel flyover at Thiyagaraya Nagar, the J Anbazhagan flyover, named after late MLA J Anbazhagan, who was elected from the T Nagar constituency in the 2001 Assembly election. The Rs 164.92-crore flyover, constructed using 3,800 MT of steel by the Greater Chennai Corporation, connects South Usman Road to CIT Nagar Main Road in T Nagar. It is expected to significantly ease traffic congestion, especially at the busy junction ...Read More >
ANGUL: Jindal Steel which aims to produce 25 million tonne of steel by 2030 from its Angul plant, on Tuesday commissioned its 3 million tonne per annum (MTPA) basic oxygen furnace (BOF), adding another 3 MTPA of crude steelmaking capacity. With the new addition, the company's total capacity at Angul has jumped from 6 MTPA to 9 MTPA, bringing Angul closer to its goal of achieving 12 MTPA within the current financial year, a company official said. "The new BOF is now running, and the first heat ...Read More >
Nine migrant labourers from northern states lost their lives in a tragic accident at the Ennore Thermal Power Plant in Tiruvallur district, Tamil Nadu, on Tuesday. The accident occurred during construction activities at the North Chennai Thermal Power Station, trapping several workers under the collapsed structure. According to police officials, four workers died on the spot, while five others succumbed to their injuries after being rushed to Stanley Government Hospital in Chennai. Several othe ...Read More >
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