JSW Ispat, a Kolkata headquartered subsidiary of JSW Steel, plans to relocate its registered office from West Bengal to Maharashtra and will shortly seek shareholder approval through postal ballot for the same. The move is part of the restructuring that has followed the acquisition of Ispat Industries by JSW Steel in December 2010. Ispat Industries [...]
Ukraine-headquartered Metinvest, a integrated steel company with multinational interests, has spearheaded a programme to boost the use of steel in the domestic construction sector with a target of reaching one million tonnes by 2020. Metinvest is the 6th largest company in Central and Eastern Europe, according to a Deloitte survey, and ranks 26th among the [...]
US headquartered Nucor Corporation, the country’s largest recycler, has signed a Stock Purchase Agreement to acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal, for approximately $605 million. The transaction is expected to close promptly after the satisfaction of all closing conditions and the receipt of required regulatory approvals. Once the [...]
A massive six-fold increase in net profit during Q4 2012, as compared to the corresponding quarter in the previous year, is one of the highlights of the financial performance of Consolidated Construction Consortium, a leading name in the infrastructure construction. The company which is executing some large public sector infrastructure projects, as well as a [...]
Investment in the port sector across the country is expected to touch Rs 73,793.95 crore during the 12th Five Year Plan, according to a statement made by Shipping Minister G K Vasan to the Rajya Sabha recently. Riding on this massive influx of funds, total port traffic is projected to grow by over 300%, and [...]
Though the PEB industry in India has come a long way in the last 15 years and has now taken roots in the industrial and commercial sectors, the concept has not gone viral due to problems of non-availability of required materials and price constraints, said P.K. Nagarajan, CEO, Tiger Steel Engineering, and one of the [...]
India is slowly but surely moving away from the traditional onsite fabrication model in the execution of large products to workshop delivery models which are proving to be more efficient in terms of quality and timelines, said S.K. Kodandaramaiah, CEO, Sunil HiTech Engineers. He was speaking at the Round Table Conference held alongside MBSS – [...]
Sustainability is already high on the agenda for all companies involved in the construction sector. The importance of sustainability will only increase in the coming years as Government legislation comes into full force and the subject is better understood thanks to continuing research and development. The growing role of steel The steel construction sector in [...]