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Adani Enterprises, France's Dioxycle partner on low-carbon chemicals in India
Adani Enterprises and Dioxycle have formed a long-term partnership for chemical production. This collaboration marks Adani Group's entry into the low-carbon chemical sector. Initially, a pilot plant will produce formic acid using renewable energy sources. The companies will also explore other emissions-reducing chemical production opportunities. This venture aims to convert captured carbon emissions into valuable products.
NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha
National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO's aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply. Both government-owned companies will hold equal stakes in the proposed joint venture.
Vinay Rajani of HDFC Sec suggests Gail, Adani Ports shares to buy in near-term - livemint.com
Vinay Rajani of HDFC Sec suggests Gail, Adani Ports shares to buy in near-termlivemint.com
In a flurry of deals, Adani mobilizes $10 bn in a week for capex boost
The fund mobilization spans equity raises, stake sales and long-term commitments from strategic partners, including global investors and sovereign-backed entities. The flurry of deals marks one of the largest capital-raising exercises by an Indian conglomerate in recent years.
Tata Steel aims to spend Rs 20,000 cr in FY27 on expansion, adoption of technologies
Tata Steel plans a capital expenditure of Rs 20,000 crore this fiscal year, with 60% earmarked for its Indian operations. This investment will bolster expansions in tinplate, wires, and new facilities, alongside ongoing projects in mining and sustainability. The company aims to boost its long-term steelmaking capacity to over 50 million tonnes, primarily driven by growth in India.
500 hanger cables replaced on iconic Godavari bow string arch railway bridge in Andhra
South Coast Railway has achieved a major feat, replacing 500 of 672 corroded hanger cables on the historic Godavari Bow String Arch Railway Bridge. This complex rehabilitation, done without halting train traffic, utilizes advanced corrosion-resistant materials and international expertise. A state-of-the-art monitoring system with over 272 sensors is also in place to ensure the bridge's long-term safety and reliability.
JSW Steel commences Rayalaseema integrated steel project
JSW Steel today marked the commencement of development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reaffirming its long-term commitment to India's manufacturing growth and the industrial transformation of the state of Andhra Pradesh.
Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?
Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it the preferred long-term pick.
Tata Steel in talks with Dutch govt for Netherlands project amid tightened emission norms
Tata Steel is in talks with the Dutch government to navigate its transition project in the Netherlands, aiming to meet stringent emission norms. Facing challenges with legacy assets and stricter environmental regulations, the company is developing a long-term, financially viable, and environmentally compliant pathway. This includes strengthening energy security and planning significant CO₂ reductions through low-carbon steel processes, mirroring similar decarbonisation efforts in the UK.
MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Hindustan Zinc eyes three new metals in five years
Hindustan Zinc's long-term strategy is to diversify beyond its existing portfolio of zinc, lead, silver and cadmium by entering businesses such as rare earths, potash and tungsten.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.