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Tata Steel: First Indian firm fully loads B24 biofuel voyage Aus to India
Tata Steel announced that it had become the first Indian steel company to embark on a fully loaded journey from the East Coast of Australia to India. According to a press release by the company, the cape vessel named "MV Cape XL" set sail from Gladstone port after loading 148,500 metric tons of coal on April 17 and reached the Kalinga International Coal Terminal Paradip (KICTPPL) port on May 8.
The voyage was highlighted as a significant achievement in sustainable shipping practices within India, marking a notable milestone in the country?s maritime sector. It was noted that the vessel..
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..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
