Newsmakers

01 Dec 2024 CW Team

Steel Juggernaut
Dilip Oommen, CEO, ArcelorMittal Nippon Steel India (AM/NS India), heads the company which is set to establish one of the largest greenfield steel projects in India in recent times - an integrated steel plan of 17.8 million tonnes per annum (MTPA) capacity with a proposed aggregate investment of Rs.1.4 trillion in the Anakapalli district of Andhra Pradesh. The project was agreed upon in a virtual meeting between Nara Lokesh, Andhra Pradesh Minister, IT, and Aditya Mittal, CEO, ArcelorMittal. Also the site meets the company’s need for a captive jetty to help source raw material globally and at internationally competitive prices, which is an important part of the company’s strategy to expand. Expected to break ground in January 2025, the project is part of the company’s goal to reach 40 MTPA steel production by 2035.

State of Exponential Growth
Mukesh Ambani, Chairman and Managing Director, Reliance Industries (RIL), heads the company which will invest Rs.650 billion (bn) in Andhra Pradesh to set up 500 compressed biogas (CBG) plants over the next five years, which will be the company’s biggest investment outside Gujarat under its clean energy initiative. The plants, each involving an investment of Rs.1.3 bn, will generate employment for 250,000 people. The plan was finalised in Mumbai between RIL and Andhra Pradesh IT minister Nara Lokesh, who also leads the state panel on job creation. He hailed the creation of 250,000 jobs as a ‘gamechanger’ for the state's youth. The CBGs imply revenue for the state of around Rs.576.5 bn for 500 plants and will make the state a frontrunner in clean energy.

Portfolio Proliferation
Gautam Adani, Founder and Chairman, Adani Group, heads the company, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects. The group in October had acquired a 46.64 per cent stake in engineering and construction firm ITD Cementation India for `32.04 billion (bn). The company has also acquired a 30.07 percent stake in construction firm PSP Projects for Rs.6.85 bn, adding PSP Projects’ robust $800 million (mn) order book to its growing portfolio. These transactions are a win-win deal for both parties. Officials from PSP Projects said with Adani’s acquisition, they expect their order book to grow as Adani portfolio companies are undertaking several projects in defence, airports and infrastructure. The company is also in the news for the indictment served by US Courts and the group cancelling its $600 mn bond sale.

New Kid on the Blox
Aditya Jhaveri, Founder and CEO, Blox, heads India’s leading digital real estate platform which has acquired a 11 per cent stake in Guardians for $12 million (mn) with plans to increase its ownership to 50 per cent over the next three years. This acquisition solidifies Blox and Guardians as India’s largest real estate seller, managing annual sales of about 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion (bn). Looking ahead, Blox is set to grow its GTV fivefold to $10 bn over the next 3-5 years. As India’s first platform to combine Direct-to-Consumer (D2C) and Business-to-Business-to-Consumer (B2B2C) models, the dual-pathway model is a game-changer for India’s real estate sector, offering developers unprecedented reach and flexibility. Blox intends to redefine the digital real estate market even as it approaches a public listing.

Steel Juggernaut Dilip Oommen, CEO, ArcelorMittal Nippon Steel India (AM/NS India), heads the company which is set to establish one of the largest greenfield steel projects in India in recent times - an integrated steel plan of 17.8 million tonnes per annum (MTPA) capacity with a proposed aggregate investment of Rs.1.4 trillion in the Anakapalli district of Andhra Pradesh. The project was agreed upon in a virtual meeting between Nara Lokesh, Andhra Pradesh Minister, IT, and Aditya Mittal, CEO, ArcelorMittal. Also the site meets the company’s need for a captive jetty to help source raw material globally and at internationally competitive prices, which is an important part of the company’s strategy to expand. Expected to break ground in January 2025, the project is part of the company’s goal to reach 40 MTPA steel production by 2035. State of Exponential Growth Mukesh Ambani, Chairman and Managing Director, Reliance Industries (RIL), heads the company which will invest Rs.650 billion (bn) in Andhra Pradesh to set up 500 compressed biogas (CBG) plants over the next five years, which will be the company’s biggest investment outside Gujarat under its clean energy initiative. The plants, each involving an investment of Rs.1.3 bn, will generate employment for 250,000 people. The plan was finalised in Mumbai between RIL and Andhra Pradesh IT minister Nara Lokesh, who also leads the state panel on job creation. He hailed the creation of 250,000 jobs as a ‘gamechanger’ for the state's youth. The CBGs imply revenue for the state of around Rs.576.5 bn for 500 plants and will make the state a frontrunner in clean energy. Portfolio Proliferation Gautam Adani, Founder and Chairman, Adani Group, heads the company, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects. The group in October had acquired a 46.64 per cent stake in engineering and construction firm ITD Cementation India for `32.04 billion (bn). The company has also acquired a 30.07 percent stake in construction firm PSP Projects for Rs.6.85 bn, adding PSP Projects’ robust $800 million (mn) order book to its growing portfolio. These transactions are a win-win deal for both parties. Officials from PSP Projects said with Adani’s acquisition, they expect their order book to grow as Adani portfolio companies are undertaking several projects in defence, airports and infrastructure. The company is also in the news for the indictment served by US Courts and the group cancelling its $600 mn bond sale. New Kid on the Blox Aditya Jhaveri, Founder and CEO, Blox, heads India’s leading digital real estate platform which has acquired a 11 per cent stake in Guardians for $12 million (mn) with plans to increase its ownership to 50 per cent over the next three years. This acquisition solidifies Blox and Guardians as India’s largest real estate seller, managing annual sales of about 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion (bn). Looking ahead, Blox is set to grow its GTV fivefold to $10 bn over the next 3-5 years. As India’s first platform to combine Direct-to-Consumer (D2C) and Business-to-Business-to-Consumer (B2B2C) models, the dual-pathway model is a game-changer for India’s real estate sector, offering developers unprecedented reach and flexibility. Blox intends to redefine the digital real estate market even as it approaches a public listing.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..