CCI Clears Nippon Steel’s Full Buyout of Krosaki

09 Jan 2026 CW Team

The Competition Commission of India has approved Nippon Steel Corporation’s proposal to acquire the remaining 53.4 per cent stake in Krosaki Harima Corporation, paving the way for full ownership of the Japanese refractory maker.

Nippon Steel currently holds 46.6 per cent in Krosaki. Following completion of the transaction, its shareholding will rise to 100 per cent. The regulator said the proposed combination involves the acquisition through a tender offer, along with a potential squeeze-out, if applicable.

In India, Nippon Steel is engaged in manufacturing tubes and pipes, processing automotive cold-rolled steel sheets, crankshafts and auto components, and importing and selling a range of steel products. Krosaki, a listed company in Japan, operates in India through affiliate entities that manufacture and sell refractory products, supplying industries such as iron and steel, lime, aluminium, power, cement and copper.

In August last year, Nippon Steel announced plans to acquire all outstanding shares of Krosaki through a tender offer, with the objective of making it a wholly owned subsidiary, as part of its strategy to consolidate control over the business.

Transactions crossing prescribed thresholds require clearance from the CCI, which oversees competition and seeks to prevent unfair business practices while promoting a level playing field in the market.

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..