CCI Approves NS Blackwater & JFE Steel’s Stake in BW Coal Mine

19 Feb 2025 CW Team

The Competition Commission of India (CCI) has approved the acquisition of certain interests in Blackwater Coal Mine by NS Blackwater Pty Limited and JFE Steel Australia (BW) Pty Ltd.

The proposed transaction involves NS Blackwater Pty Limited acquiring a 20% stake and JFE Steel Australia (BW) Pty Ltd. securing a 10% stake in the Blackwater Coal Mine (BW Coal Mine).

NS Blackwater is a newly established special-purpose vehicle created for this acquisition and is ultimately owned by Nippon Steel Corporation. Similarly, JFE Steel BW has been incorporated as a special-purpose vehicle for the transaction and is ultimately owned by JFE Holdings, Inc.

The BW Coal Mine, an open-cut operation in Queensland, Australia, has been in operation since 1967. In India, it supplies coking coal through imports, playing a crucial role in the country’s steel production sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..