Welspun Corp Ltd. (WCL) - a flagship company of the Welspun Group, is amongst the leading welded line pipe manufacturing companies in the world. Recently the company has initiated its foray in Ductile Iron Pipes business by setting up of a Greenfield plant in Anjar. The Board has also approved propo... Read more...
India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity. Demand for steel is expected to surge 17% to 110 million tons in the year started April, according to Seshagiri Rao, joint managing director... Read more...
THE THREE BIG DRIVERS — BACKLOG, REAL ESTATE & INFRASTRUCTURE DEMAND AND DISRUPTED PRODUCTION AMIDST WORKFORCE SHORTAGE ARE CONSISTENTLY RAISING THE COST OF CONSTRUCTION RAW MATERIALS A.K.A. STEEL AND CEMENT. THE SOLUTION STILL EVADES. Real estate governing bodies CREDAI and NAREDCO have ur... Read more...
The coronavirus pandemic that hit the real estate sector hard has been harder on the affordable housing segment, with its share of supply dropping to 20 percent in the top seven cities in the second quarter of 2021, realty consultancy firm Anarock has said. Of 36,260 units launched in these citie... Read more...
JSW Steel is planning to invest another Rs 25,115 crore by 2024-25 to ramp up its capacity to 37.5 million tonne (MT) per annum, its Chairman and Managing Director Sajjan Jindal said in a message to its shareholders. The company, which sold nearly 15 MT of steel in FY21, claimed to have invested ... Read more...
Welspun Corp will acquire the division of the demerged company Welspun Steel Limited (WSL), which is engaged in the manufacturing of BIS Certified Steel Billets and Direct Reduced Iron (DRI), specialty steel and thermo mechanical treatment bars manufacturing business. The scheme provides for deme... Read more...
Crucial inputs such as steel, cement, sand, stone aggregates, plywood materials and M Sand have seen a price increase in the last one year, pushing up the overall construction cost. The construction of individual homes has become expensive with cost per square for a moderate structure going up from ... Read more...
The record high price of steel may not ease in the second half of the current fiscal with demand expected to spike amid the ongoing second wave of the pandemic that has caused the demand outlook to continue to be weak and uncertain in the first half, a report by rating agency BWR said. The prices of... Read more...
The Confederation of Real Estate Developers' Associations of India released findings of its first ever industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021, to assess the impact of second wave of COVID-19 on real estate sector in India. Conducted wit... Read more...
ArcelorMittal Nippon Steel India’s play in the steel market is set to get bigger. The company is busy making plans that would increase its capacity by five million tonnes in the next three years while laying building blocks for the phase after. Dilip Oommen chief executive officer ArcelorMittal... Read more...