IM+ Capitals announces acquisition for new iron ore beneficiation plant in Odisha
Steel

IM+ Capitals announces acquisition for new iron ore beneficiation plant in Odisha

IM+ Capitals announces the acquisition of approximately 60 acres of land in Odisha. This strategic acquisition is aimed at establishing a Sponge Iron Ore Beneficiation Plant with a capacity of 1.5 million tonne per annum, through a 100% owned subsidiary, Fedders Electric and Engineering.

The new plant is expected to enhance its production capabilities significantly and is slated to be fully operational by March 2025. This expansion aligns the commitment to sustainable growth and value creation for the company.

The company reported a profit of Rs 94.5 crore in the previous fiscal year, reflecting its strong financial performance and robust business model. Establishing the new plant is a testament to ongoing efforts to invest in high-potential projects that drive long-term profitability and market leadership.

IM+ Capitals announces the acquisition of approximately 60 acres of land in Odisha. This strategic acquisition is aimed at establishing a Sponge Iron Ore Beneficiation Plant with a capacity of 1.5 million tonne per annum, through a 100% owned subsidiary, Fedders Electric and Engineering. The new plant is expected to enhance its production capabilities significantly and is slated to be fully operational by March 2025. This expansion aligns the commitment to sustainable growth and value creation for the company. The company reported a profit of Rs 94.5 crore in the previous fiscal year, reflecting its strong financial performance and robust business model. Establishing the new plant is a testament to ongoing efforts to invest in high-potential projects that drive long-term profitability and market leadership.

Next Story
Resources

Minister announces housing project at Nakshatrwadi under PMAY

The government is committed to provide homes to homeless citizens thereby improving their living standards. As part of this effort, 1056 new homes will be built at Nakshatrwadi in Chhatrapati Sambhaji Nagar under the Pradhan Mantri Awas Yojana (PMAY). This announcement was made by Atul Save, Housing Minister, State, in Chhatrapati Sambhaji Nagar.At an event held at the District Collector's office, Atul Save conducted a computerised lottery to allocate 1,133 homes and 361 available plots in Chhatrapati Sambhaji Nagar, as well as in Latur, Jalna, Nanded, Hingoli, Parbhani and Dharashiv. These ho..

Next Story
Infrastructure Urban

Liebherr-Werk Bischofshofen sets the course for the future

Liebherr-Werk Bischofshofen GmbH is planning to significantly expand its production capacity by building an additional manufacturing plant for small wheel loaders in Wildon, Styria. This strategic decision is a response to the steadily growing wheel loader market and underlines the company's commitment to sustainable growth. The new production site is scheduled for completion in 2029. The Liebherr Group's wheel loader production plant in Bischofshofen employs 1,200 people on a site covering 170,000 m?. With its present capacity, up to 7,000 wheel loaders can be produced each year. In the med..

Next Story
Infrastructure Urban

ESR leases 48,800 sq. ft. industrial space to UPM in Navi Mumbai

ESR Group, Asia-Pacific?s leading real asset manager, has leased 48,800 sq. ft. (over 4,500 sq m of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations. UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new spac..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram