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Vedanta to sell all its steel assets by March 2024
The strategic move to divest its steel and steel raw material business was initiated in June as part of Vedanta's broader effort to refocus on its core mining operations.Notably, Vedanta entered the steel production sector in 2018 with the acquisition of ESL Steel, a transaction valued at 52.This predicament prompted rating agencies to downgrade the group's credit rating, further emphasizing the need for strategic realignment and asset sales to address its financial challenges.Vedanta Ltd, an Indian multinational mining and metals conglomerate, is on track to finalize the sale of its steel assets by March 2024, according to the company's chairman, Anil Agarwal, in an interview with CNBC TV 18 on Tuesday.The parent company, Vedanta Resources, is currently grappling with a substantial debt burden amounting to $6.

🔗Construction World

🇮🇳 India · 🗓️ October 11, 2023 · Building Material

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UltraTech, Adani Cement, and JSW in Race for Heidelberg India
UltraTech Cement, a flagship company of the Aditya Birla Group and India?3 mtpa in FY16 to 132.4 mtpa in FY23.The group augmented its capacity by 3 mtpa in Central India through brownfield expansion in 2013.Additionally, the acquisition of Italcementi in 2016 enabled the group to more than double its installed capacity, positioning it among the top 10 players in India.

🔗Construction World

🇮🇳 India · 🗓️ October 11, 2023 · Building Material

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JSP plan to make Angul facility largest location steel plant
6 MTPA from the current 3.Discussing the expansion of the Angul facility, Jha expressed the company's commitment to achieving trial production by the end of 2023, followed by full-scale commercial production in the subsequent year.Regarding the outlook for the steel sector in India, Jha highlighted the country's growth trajectory, driven by the government's emphasis on infrastructure projects.Currently, the capacity of the Odisha-based plant is undergoing a substantial expansion, poised to increase from the existing 5.6 MTPA, as confirmed by the company in a statement.

🔗Construction World

🇮🇳 India · 🗓️ October 11, 2023 · Building Material

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Antica Ceramica's ageless fluted pattern tiles
In summary, stripe pattern tiles, exemplified by Antica Ceramica's Fluted Pattern Tiles Collection, remain a timeless and versatile choice in interior design.Whether you are crafting a cosy home or designing a vibrant commercial space, fluted pattern tiles continue to be a go-to element for elevating the aesthetics and functionality of interior design.In the world of interior design, where aesthetics and functionality harmonise, certain design elements have truly stood the test of time.Recognising the enduring demand for this classic design element, Antica Ceramica has launched its Fluted Pattern Tiles Collection into the market, catering to the discerning needs of the interior design segment.These tiles bring an element of dynamic visual appeal, breathing new life into spaces and contributing to the overall charm of any interior design project.

🔗Construction World

🇮🇳 India · 🗓️ October 11, 2023 · Building Material

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Antica Ceramica's ageless fluted pattern tiles
In summary, stripe pattern tiles, exemplified by Antica Ceramica's Fluted Pattern Tiles Collection, remain a timeless and versatile choice in interior design.Whether you are crafting a cosy home or designing a vibrant commercial space, fluted pattern tiles continue to be a go-to element for elevating the aesthetics and functionality of interior design.In the world of interior design, where aesthetics and functionality harmonise, certain design elements have truly stood the test of time.Recognising the enduring demand for this classic design element, Antica Ceramica has launched its Fluted Pattern Tiles Collection into the market, catering to the discerning needs of the interior design segment.These tiles bring an element of dynamic visual appeal, breathing new life into spaces and contributing to the overall charm of any interior design project.

🔗Construction World

🇮🇳 India · 🗓️ October 11, 2023 · Building Material

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