Jai Balaji Inds to enter into cement biz

01 Mar 2023 CW Team

Jai Balaji Industries stated that, in the long run, the company intends to expand its portfolio by entering the cement business in addition to its existing business.

Jai Balaji Industries is an integrated steel manufacturer with five facilities in West Bengal's Durgapur and Raniganj, as well as Chhattisgarh's Durg. Ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron (DI) pipes, and alloy and mild steel heavy rounds are among the value-added products offered by the company. In the quarter ended December 2022, the company's consolidated net profit increased 134.74% to Rs 279.1 million, up from Rs 118.9 million in the previous quarter ended December 2021. In Q3 FY23, sales increased 20.11% to Rs 15.36 billion from Q3 FY22. The stock has dropped 3.08% to Rs 50.35 on the BSE.

Infrastructure Transport

09 Sep 2025

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

India and Israel Sign Bilateral Investment Agreement to Boost Economic Ties

The Government of India and the Government of Israel signed a Bilateral Investment Agreement (BIA) in New Delhi today, marking a significant milestone in strengthening economic relations between the two nations. The agreement was signed by Union Finance Minister Smt. Nirmala Sitharaman and Israel’s Finance Minister HE Bezalel Smotrich.The signing ceremony was attended by senior officials from both governments. The BIA is expected to encourage bilateral investments, provide greater certainty for investors, and promote trade by ensuring transparent regulations, safeguards against expropriation..

President Murmu Graces EEPC India’s Platinum Jubilee in New Delhi

President of India, Droupadi Murmu, attended the Platinum Jubilee Celebrations of the Engineering Export Promotion Council (EEPC) India in New Delhi on September 8, 2025. She highlighted India’s historic role in trade and knowledge and urged EEPC to lead efforts in strengthening the nation’s position in the global economy.The President noted that India’s engineering exports have grown from USD 70 billion to over USD 115 billion in the last decade, despite global trade challenges. She commended EEPC for its role in this achievement and emphasised its importance as a bridge between interna..