Jindal Advanced Materials Plans Fivefold Increase in FRP Rebar Capacity by FY26

04 Jul 2024 CW Team

Jindal Advanced Materials Limited is set to significantly boost its production capacity of fibre-reinforced polymer (FRP) rebars by five times, aiming to achieve this ambitious target by fiscal year 2026. The company's decision aligns with growing demand for durable and corrosion-resistant construction materials across various infrastructure projects.

Currently, Jindal Advanced Materials operates with a capacity of 2,500 metric tons per annum (MTPA) for FRP rebars. With the planned expansion, this capacity is expected to surge to 12,500 MTPA within the next two years. This move underscores the company's strategic response to capitalise on the escalating need for advanced materials in infrastructure development, particularly in projects requiring long-lasting, maintenance-free solutions.

FRP rebars are gaining traction due to their superior properties compared to traditional steel rebars, including resistance to corrosion, lightweight nature, and high strength-to-weight ratio. These characteristics make FRP rebars ideal for various applications such as bridges, highways, and buildings, where durability and structural integrity are paramount.

Jindal Advanced Materials, part of the OP Jindal Group, remains committed to enhancing its manufacturing capabilities to meet the evolving demands of the construction industry. By expanding its FRP rebar production capacity, the company aims to strengthen its position as a key player in providing sustainable and innovative solutions for infrastructure projects nationwide.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..