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NIPSEA Group Names Sharad Malhotra MD of Nippon Paint India

Sharad Malhotra becomes first Indian appointed MD of Nippon Paint India.

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The NIPSEA Group, a subsidiary of Japan’s Nippon Paint Holdings, has appointed Mr Sharad Malhotra as Managing Director of Nippon Paint India, effective 1 December 2025. He succeeds Mr Jon Tan and will report to Group CEO Mr Wee Siew Kim. With this appointment, Mr Malhotra becomes the first Indian to lead the company’s India operations.

Nippon Paint, headquartered in Japan, is the world’s fourth-largest paint company by revenue and the leading paints and coatings brand in the Asia Pacific region. The appointment aligns with the company’s strategy to strengthen its long-term presence in India, a key growth market.

A 15-year veteran at Nippon Paint, Mr Malhotra has played a pivotal role in establishing the company’s automotive refinish, wood coatings, and light industrial coatings businesses in India. He is also a Director on the Board and has recently overseen the company’s diversification into paint protection films and new product categories.

Mr Wee Siew Kim, Co-President of Nippon Paint Holdings and Group CEO of the NIPSEA Group, said the appointment recognises Mr Malhotra’s strong track record. “Sharad has successfully charted a growth path for our auto refinish business globally while based in India. His ability to deliver results and deep understanding of our business make him well suited to lead our India operations through the next phase of growth,” he said.

Mr Malhotra said he was honoured to take on the new responsibility. “The Indian market presents unique opportunities and challenges. I look forward to expanding our business, building on our strengths, and supporting our customers and partners as we move ahead.”

As Managing Director, he will drive the overall direction and strategy of Nippon Paint India, with a focus on sustainable growth across segments. He will also continue to lead the company’s global automotive aftermarket initiative, a category he has overseen since inception.

Nippon Paint sees India as a strategic market due to its large population, growing economy, skilled workforce, and expanding infrastructure. The company aims to build on its Asian market strengths and leverage its technologies, teams, and ecosystem as it enters a new phase under Mr Malhotra’s leadership.

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NMDC Steel Posts Record Output And Efficiency Gains In November

NSL reports its strongest monthly performance across operations

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NMDC Steel Limited (NSL), India’s youngest integrated steel plant, closed November 2025 with record operational performance across its entire value chain, supported by stable processes, higher capacity utilisation and improved efficiencies.

The Raw Material Handling System reported its highest-ever daily wagon tippling of 616 on 21 November 2025, alongside a record monthly base mix output of 5,18,886 tonnes. The Sinter Plant delivered its best single-day production of 15,590 tonnes and a record 4,14,271 tonnes for the month, operating at more than 105 per cent of capacity.

The Blast Furnace achieved 11,315 tonnes of hot metal on 28 November—equivalent to 119 per cent of rated capacity—and produced 2,80,049 tonnes for the month, surpassing 101 per cent utilisation. NSL also recorded its lowest monthly average fuel rate of 519 kg per tonne and its highest pulverised coal injection (PCI) rate of 164 kg per tonne.

The Steel Melting Shop, Thin Slab Caster and Hot Strip Mill set new performance benchmarks, reporting monthly HR coil output of 2,03,356 tonnes, crude steel production of 2,09,445 tonnes and liquid steel output of 2,15,010 tonnes, with utilisation levels between 84 and 86 per cent. The plant also achieved its best-ever converter lining life of 4,799 heats and added two commercial grades—IS 2062 E450BR and IS 2062 E350C—to support construction and engineering applications.

Operational optimisation at the Oxygen Plant resulted in power cost savings of around Rs 19 million. The company also completed performance guarantee tests for the Blast Furnace and Turbo Blower packages and secured BIS certifications for IS 2041:2024 and IS 2062 E450BR.

CMD Amitava Mukherjee said the record performance reflects the team’s commitment and positions NSL to contribute strongly to India’s future steel growth.

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Krystal Wins Rs 90 Million Sanitation Contract from Jindal Steel

One-year mandate covers hygiene and upkeep across Jindal Nagar

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Krystal Integrated Services Ltd, a leading provider of integrated facility management solutions, has secured a one-year sanitation services contract worth about Rs 90 million from Jindal Steel Limited. The agreement covers comprehensive cleaning and maintenance of plant sanitation facilities at Jindal Nagar in Odisha, aimed at enhancing hygiene and ensuring consistent upkeep across high-footfall areas.

The scope of work includes mechanised housekeeping such as sweeping and mopping, deep cleaning of walls and ceilings, maintenance of urinals, washbasins and shower zones, replenishment of consumables, drainage upkeep and overall cleanliness of toilet surroundings. Krystal will deploy trained personnel, specialised cleaning agents and sanitation equipment to ensure uniform service delivery.

Sanjay Dighe, CEO and Director of Krystal Integrated Services Ltd, said the mandate highlights the company’s commitment to supporting industrial hygiene and worker well-being. He noted that sanitation in large manufacturing environments requires discipline, reliability and process excellence.

The company will implement daily reporting, compliance monitoring and strict adherence to industrial safety standards, ensuring seamless coordination with plant administration. The contract strengthens Krystal’s growing presence in India’s industrial facility management space and underscores its capability to manage large operational mandates.

Founded in 2000 and headquartered in Mumbai, Krystal Integrated Services Ltd has grown into one of India’s leading integrated facility management companies, serving sectors including healthcare, education, government, transport and retail. Its operations and client base have expanded significantly in recent years.

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Aichi Steel to Expand Punjab Ties With Rs 5 Billion Investment

Japanese major plans deeper collaboration with Vardhman Steels.

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Japanese steel major Aichi Steel has agreed to expand its partnership with Vardhman Special Steels in Punjab through a proposed investment of Rs 5 billion, Chief Minister Bhagwant Mann announced on Thursday. The development follows the signing of an MoU between the two companies during the CM’s visit to Aichi Steel on the third day of his Japan tour.

Calling it a “red-letter day” for Punjab, Mann said Aichi Steel Corporation — widely recognised as the steel arm of Toyota — has committed to strengthening its role in the state’s industrial growth. The company currently holds a 24.9 per cent stake in Vardhman Special Steels and serves as a key technology partner, signalling a deepening Indo-Japan industrial partnership in Punjab.

The Chief Minister said the Japanese firm will evaluate its future manufacturing operations in the state, including conducting a feasibility study for the proposed Rs 5-billion investment. Mann assured full government support to further the collaboration and emphasised Punjab’s commitment to helping existing Japanese investors scale their operations.

He added that advanced technical cooperation from Aichi Steel, combined with the Vardhman Group’s expertise, would usher in a new phase of industrial development in the state.

Mann also invited Aichi Steel’s leadership to attend the Progressive Punjab Investors’ Summit 2026, to be held from 13–15 March at the Indian School of Business, Mohali. He said the summit would showcase Punjab’s progress and offer fresh opportunities for collaboration, expressing optimism that Japanese participation would be strong.

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