Tata Steel: First Indian firm fully loads B24 biofuel voyage Aus to India

Tata Steel Invests $1.25B in Port Talbot Furnace

Tata Steel has confirmed its decision to proceed with a $1.25 billion investment to construct a new furnace at its Port Talbot facility. This strategic move underscores Tata Steel's commitment to enhancing its production capacity and strengthening its operations in the steel industry.

The investment in the new furnace at Port Talbot represents a significant milestone for Tata Steel, positioning the company for long-term growth and competitiveness in the global market. The furnace is expected to bolster production capabilities, improve efficiency, and support Tata Steel's efforts to meet..

Tata and Jindal Secure Railway Contract

Tata Steel and Jindal Steel and Power Ltd. have emerged as prominent players among the top five companies to clinch a significant railway order worth ?158.6 million. This lucrative contract underscores their robust capabilities and strategic positioning in the railway infrastructure sector. The development aligns with the broader trajectory of infrastructure expansion and modernization efforts within India's railway network.

The ?158.6 million contract, awarded by the Indian Railways, represents a substantial investment in enhancing railway infrastructure, with a focus on bolstering ca..

Tata and Jindal in top 5 to secure Rs 15.86 bn rail order

Tata Steel, Jindal Steel and Power (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India (SAIL), and Jindal Stainless (JSL) had been awarded steel supply contracts worth Rs 15.86 billion by the Railways.

Bids had been called in July 2023 for procuring Mild/Corten Steel Sheets/Plates/Coils, but the awards were only finalized earlier this month.

Another tender had been called in February 2024 for purchasing stainless steel sheets and plates, which were also awarded at the same time. Steel Authority of India Limited (SAIL), a public sector undertaking, had secu..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..