Connect with us

Uncategorized

JSW Steel declared preferred bidder for Codli Mineral Block XII in Goa

The mineral block is expected to contain iron ore resources estimated at 48.5 MT

Published

6 months ago

on

Shares

JSW Steel has been declared the preferred bidder for the Codli Mineral Block XII located at Dharbandora in Goa, according to an announcement made by the company. The Directorate of Mines & Geology, Government of Goa, communicated this decision to JSW Steel, marking a significant step in the company’s expansion plans in the region.

JSW Steel’s bid, which included the highest final offer price at 92.60% of the value of mineral dispatched, was selected over other contenders. The mineral block is expected to contain iron ore resources estimated at 48.5 million tonnes, in addition to 2.7 million tonnes of ore already stockpiled in dumps.

The company has stated that it will now begin the process of obtaining the necessary statutory clearances and the Letter of Intent from the government, which will allow them to execute the lease deed and commence mining operations.

In a separate development, JSW Steel’s Italian arm, JSW Steel Italy Srl, has entered into a commercial agreement with Metinvest Adria S.p.A., under which Metinvest will pay a release fee of Euro 30 million. This agreement is part of JSW Steel’s broader strategy to expand its global operations and enhance its portfolio of mining and steel production assets.

Related Topics:
Continue Reading

Uncategorized

Cement demand to rise 7% in FY26

Published

3 days ago

on

May 29, 2025

By

Shares

India’s cement demand is projected to grow 6.5–7.5 per cent in FY26, supported by a ~10 per cent increase in central infrastructure spending and prospects of a strong monsoon, which could boost rural housing. In FY25, demand had moderated to 4.5–5.5 per cent due to electionled disruptions, sluggish project execution, and weak real estate activity. Infrastructure will remain the key demand driver, contributing ~30 per cent of total cement consumption— led by roads, railways, irrigation, and urban development. Notably, 12 major states have raised their budget allocations by 11 per cent, fuelling optimism. Rural housing (32–34 per cent share) is expected to gain from rising farm incomes, PMGSY, MNREGA, and higher average rural wages. Urban housing is likely to recover on a low base, improved pace under PMAY-Urban, and interest rate cuts.

Continue Reading

Uncategorized

World’s First Book on Carbon Steel Sourcing Launched by Hero Steels CEO

Panckaj N Umrania’s book offers strategic insights into steel sourcing.

Published

3 months ago

on

February 27, 2025

By

Shares
The global steel industry marked a milestone with the launch of “Mastering Carbon Steel Sourcing: From Domestic Suppliers to Global Partnerships,” the world’s first book on carbon steel sourcing. Authored by Panckaj N Umrania, Executive Director of KND Steel, the book was unveiled by Jitendra Sharma, ED & CEO of Hero Steels Ltd.
The event saw participation from industry leaders, policymakers, and representatives from JBM Group, Havells India, Philips Lighting India, Air India, and Northern Railways, underscoring its industry relevance.
Published by Academic Foundation India, the book serves as a guide for business leaders and sourcing professionals, covering supply chain optimisation, quality control, and cost management. It also highlights India’s growing role in global steel sourcing.
Speaking at the launch, Umrania stated, “This book addresses key sourcing challenges and provides practical solutions to help businesses enhance profitability.”
The event concluded with a panel discussion on the future of steel sourcing and supply chain innovation, reinforcing the book’s significance in transforming global sourcing strategies.
                     

Continue Reading

Uncategorized

Viva ACP Unveils Bricklyn: A Fusion of Tradition and Innovation

The new ACP series blends classic brick aesthetics with modern engineering.

Published

3 months ago

on

February 27, 2025

By

Shares
Viva ACP, Asia’s largest aluminium composite panel (ACP) manufacturer, has launched Bricklyn, a new addition to its Santa Fe series. Inspired by the strength of traditional bricks and reimagined with contemporary design, Bricklyn merges heritage aesthetics with advanced technology.
The design draws from Brooklyn’s urban energy and the stacking ingenuity of Jenga, offering structural integrity, aesthetic appeal, and creative flexibility. Available in a range of muted and bold hues, the panels allow architects to craft dynamic, visually striking façades.
Engineered using Stucco Textures and Synchro Technology, Bricklyn ensures durability and resilience with a 15-year warranty, reinforcing Viva ACP’s commitment to quality.
“Bricklyn is more than a cladding solution; it’s a tribute to tradition and innovation,” the company stated, positioning the series as a benchmark for modern architectural design.
               

Continue Reading

Trending News