Tata Steel Seeks Rs 7.57 Billion Compensation for Cancelled Coal Block

29 May 2025 CW Team

Tata Steel has filed a petition in the Delhi High Court seeking compensation of ₹7.57 billion, along with interest, for the cancellation of the New Paratpara Coal Block in Odisha. The coal block, initially allocated to Bhushan Steel in 2006, was annulled by the Supreme Court in 2014 amid broader coal allocation irregularities.

Tata Steel acquired Bhushan Steel through insolvency proceedings in 2018 and merged it in 2021. Under the Coal Mines (Special Provisions) Act, 2015, the company contends it is entitled to reimbursement for development expenses incurred prior to the cancellation. The High Court has issued notices to the Union of India, the Nominated Authority under the Ministry of Coal, and the Government of Odisha, scheduling the next hearing for 21 September 2025.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..