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Ador Welding Limited and Ador Fontech announce merger completion as a strategic move towards strengthening Global Leadership in Welding Solutions

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Ador Welding Limited, India’s leading manufacturer of welding products announced the merger completion of Ador Fontech Limited with Ador Welding Limited. The merger will facilitate the creation of a more efficient and integrated business structure with an aim to consolidate the company’s market position, expand its domestic and international reach, and foster stronger research and development capabilities. The operating management teams of both companies will remain the same.

Aditya Malkani, Managing Director of Ador Welding Limited shares “We are excited about the potential opportunities that this merger presents. It will enable us to leverage the benefits of scale, revenue and cost synergies, cross sell combining the customer base, and tap into best practices from both organisations. With this, we are poised to expand our product and service offerings to our customers and accelerate our growth in both domestic and international markets. Most importantly, with our combined strengths, including a stronger manufacturing presence and a more resilient workforce, we are better equipped to Make, Research & Create in India.”

Following the merger, J B Advani and Co Pvt Ltd (JBA) will hold 44.83% of the shares, other promoters will hold 8.24%, and the public will hold 46.93%. Ador also plans to restructure its divisions to focus on two distinct verticals – Products and Services. This will enable the company to optimise its operations and better serve the diverse needs of its customers.

With its origin and base in India as the quintessential ‘Make in India’ brand, Ador has created an indelible global footprint by providing exceptional, cutting-edge welding solutions. With a rich experience of over seven decades, the company has been dedicated to creating the best welding experience for its customers, investing in people, technology, research and development.

Having made great strides in R&D and innovation, Ador’s Research and Development Center is recognised by the Department of Scientific and Industrial Research and has developed groundbreaking solutions such as the Rhino E, India’s first battery-powered electric welder. Ador’s dedication to excellence is reflected in its numerous international awards and research papers which have been presented at many international forums.

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Steel companies face Rs 89,000 crore inventory crisis

Steel firms grapple with Rs 89,000 crore stockpile amid import surge.

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Steel companies in India are facing a significant challenge as they contend with an inventory crisis valued at approximately Rs 89,000 crore. This situation has arisen due to a notable increase in steel imports, which has put pressure on domestic producers struggling to maintain sales in a competitive market.

The surge in imports has been fueled by various factors, including fluctuations in global steel prices and increased production capacities in exporting countries. As a result, domestic steel manufacturers have found it difficult to compete, leading to rising stock levels of unsold products. This inventory buildup has forced several companies to reassess their production strategies and pricing models.

The financial impact of this inventory crisis is profound, affecting cash flows and profitability for many steel firms. With domestic demand remaining volatile, the pressure to reduce prices has increased, further complicating the situation for manufacturers who are already grappling with elevated production costs.

Industry experts are urging policymakers to consider measures that can support local steel producers, such as imposing tariffs on imports or enhancing trade regulations. This would help to protect the domestic market and ensure that Indian steel companies can compete more effectively.

As the steel sector navigates these challenges, stakeholders are closely monitoring the situation, hoping for a turnaround that can stabilize the market and restore confidence among investors. The current dynamics emphasize the need for a robust strategy to bolster domestic production and mitigate the risks associated with excessive imports.

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JSW and POSCO collaborate for steel plant

JSW Group and POSCO ink MoU for steel project.

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JSW Group has signed a Memorandum of Understanding (MoU) with South Korea’s POSCO Group to develop an integrated steel plant in India. This collaboration aims to enhance India’s steel production capacity and contribute to the country’s growing manufacturing sector.

The agreement was formalized during a recent meeting between executives from both companies, highlighting their commitment to sustainable development and technological innovation in the steel industry. The planned facility will incorporate advanced manufacturing processes and adhere to environmentally friendly practices, aligning with global standards for sustainability.

JSW Group, a leader in the Indian steel industry, has expressed confidence that the joint venture with POSCO will bolster its position in the market and accelerate growth. The project is expected to attract significant investments, generating thousands of jobs in the region and contributing to local economies.

As India aims to boost its steel output to meet domestic demand and support infrastructure projects, this partnership signifies a crucial step toward achieving those goals. Both companies are committed to leveraging their expertise to develop a state-of-the-art facility that will produce high-quality steel products while minimizing environmental impact.

This initiative also reflects the increasing collaboration between Indian and international firms to enhance industrial capabilities and foster economic growth. The MoU sets the stage for a promising future in the Indian steel sector, emphasizing innovation and sustainability as key drivers of success.

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Ambuja plans expansion through acquisitions

Ambuja Cements targets 140 million tonne capacity.

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Ambuja Cements, a subsidiary of the Adani Group, is strategically positioning itself for substantial growth with plans to expand its production capacity to 140 million tonnes per annum (MTPA). This ambitious target will be pursued primarily through a series of acquisitions, reflecting the company’s intent to strengthen its foothold in the Indian cement market.

The company aims to tap into the growing demand for cement driven by ongoing infrastructure projects and urbanization across India. Ambuja Cements has identified several potential acquisition targets that align with its long-term growth strategy, aiming to bolster its existing capacity and operational efficiency.

With this expansion plan, Ambuja Cements is poised to enhance its competitive advantage in the rapidly evolving cement industry. The company’s proactive approach underscores its commitment to maintaining a leadership position in the market, particularly as the construction sector continues to rebound post-pandemic.

Ambuja Cements’ expansion initiative will also contribute to the Adani Group’s broader goals of sustainability and innovation. By incorporating advanced technologies and sustainable practices in its operations, the company seeks to minimize its environmental footprint while maximizing productivity.

The anticipated growth in capacity will not only support Ambuja Cements’ business objectives but also play a crucial role in meeting the infrastructure needs of a growing nation. As the demand for cement escalates, Ambuja Cements is determined to ensure that it is well-equipped to meet the challenges and opportunities that lie ahead in the Indian market.

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