India's Iron Ore Imports to Reach Seven-Year High in FY26

28 Mar 2026 CW Team

India's imports of iron ore are forecast to rise to a seven-year high in the fiscal year ending on March 31, with volumes seen at about 12 million (mn) to 14 million (mn) tonne (t) as a shortage of high-grade ore prompts additional shipments. The increase would more than double volumes from the previous year and reflects stronger procurement by JSW Steel for its mills in Maharashtra and Karnataka.\n\nIndustry sources said the bulk of imports this fiscal year came from Brazil and Oman, which together accounted for about 70 per cent of total shipments. Rare cargoes such as BHP's Jimblebar Fines were directed to India amid discounts and shifting Chinese demand, and market participants said opportunistic purchases supported higher volumes.\n\nDomestic iron ore output was expected to reach 305 mn t in 2025-26, up from 289 mn t in the prior year, as mines increased production. Exports were projected at about 29 mn t, up around 26 per cent, with roughly 85 per cent of shipments destined for China and largely comprising low-grade ore not used by domestic mills.\n\nPellet imports that had risen last year from Iran were expected to decline amid heightened geopolitical tensions in the Middle East and associated trade uncertainties. From April to February, pellet volumes were recorded at one point eight eight million (mn) t, about six times the level a year earlier, and analysts said ample domestic availability would constrain import demand.\n\nLooking ahead to the fiscal year beginning on April one, mines were expected to ramp up output while import needs would continue to depend on grade requirements and plant-level supply dynamics. Observers indicated that continued procurement by large mill groups and shifting global pellet flows would shape trade and influence price and supply stability across the steelmaking value chain.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..