Sarda Energy and SM Steels Secure Coal Mines in Latest Auction

26 Nov 2024 CW Team

Sarda Energy and Minerals Ltd and S M Steels and Power Ltd were successful in securing coal blocks on the second day of the 10th round of commercial coal mine auctions. Sarda Energy won a coal mine in Chhattisgarh with geological reserves of 102.268 million tonnes, while S M Steels and Power secured a block in Jharkhand with 77.9 million tonnes of reserves.

These two blocks are expected to generate an annual revenue of Rs 339.06 billion once operational, with a capital investment of Rs 315 billion and employment for 2,839 people. The ongoing auction features nine blocks in total. On the first day of the auction, five blocks were awarded to companies like NLC India, ACC, and JSW Energy Utkal, with a combined revenue potential of Rs 1,106.91 billion and total geological reserves of 2,630.77 million tonnes.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..