JSW Steel Clears Mozambique Coal Deal Roadblock

28 May 2025 CW Team

JSW Steel has overcome a major hurdle in its Rs 6.2 billion acquisition of the Minas de Revuboe (MdR) coal mine in Mozambique. The mining lease, earlier cancelled by the former administration, has now been reinstated by President Daniel Chapo’s government.

Owned by Australia’s Talbot Group Investments Pty Ltd, MdR had faced a setback when the previous President, Filipe Nyusi, revoked its lease. Talbot Group challenged the move legally and through arbitration. On 15th April, the cabinet reversed the cancellation, and Mozambique’s natural resources database confirmed the concession’s reinstatement last week.

JSW Steel, led by Sajjan Jindal, had announced the deal in May last year. The company extended the closure timeline by five months in January, citing the change in leadership. By February, JSW confirmed it was still committed to the acquisition.

MdR holds an estimated 280 million tonnes of high-grade coking coal. JSW’s Managing Director and Chief Executive Officer Jayant Acharya stated the mine has reserves exceeding 800 million tonnes, including 270 million tonnes of prime coal, which is vital for steelmaking. The project’s proximity to India is expected to help reduce import costs and limit exposure to volatile coal pricing.

Source: Outlook Business

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..