Jindal Steel & Power Acquires Allied Strips for Rs 2.17 Billion
Steel

Jindal Steel & Power Acquires Allied Strips for Rs 2.17 Billion

Jindal Steel & Power (JSPL), through its wholly owned subsidiary Jindal Steel Odisha (JSO), has acquired Allied Strips Limited (ASL) for Rs 2.17 billion in cash, making ASL a subsidiary of the company. The acquisition is expected to strengthen JSO’s product portfolio and create operational synergies, as steel produced by JSO can serve as raw material for ASL. Established in 1992, ASL manufactures and supplies a wide range of steel products, including hot rolled coils, cold rolled coils, and CRCA steel. Its output serves key industries such as automotive, white goods, and precision tubes. (Business Standard)

Jindal Steel & Power (JSPL), through its wholly owned subsidiary Jindal Steel Odisha (JSO), has acquired Allied Strips Limited (ASL) for Rs 2.17 billion in cash, making ASL a subsidiary of the company. The acquisition is expected to strengthen JSO’s product portfolio and create operational synergies, as steel produced by JSO can serve as raw material for ASL. Established in 1992, ASL manufactures and supplies a wide range of steel products, including hot rolled coils, cold rolled coils, and CRCA steel. Its output serves key industries such as automotive, white goods, and precision tubes. (Business Standard)

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Mumbai-Ahmedabad Bullet Train Viaduct and Piers Work Completed: NHSRCL

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Mumbai-Ahmedabad Bullet Train Project Slab Casting Starts at Virar Station

The Mumbai-Ahmedabad Bullet Train Project has advanced with the commencement of casting the first slab at the Virar Bullet Train station. A total of nine slabs will be constructed at this level, which will serve as the foundation for track laying at the station.The Virar Bullet Train station is designed to have two levels—a concourse level and a rail level—extending to a total length of 425 meters.The first slab cast measures 50 meters in length and 35.32 meters in width, with an approximate thickness of 300 mm. This slab required 1,555 cubic meters of concrete.In recent developments, the ..

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Infrastructure Transport

Konkan Railway Plans Ro-Ro Train Service to Transport Cars

The Konkan Railway (KR) is considering the possibility of introducing a special roll-on/roll-off (Ro-Ro) train service for car transportation during the upcoming Ganapati festival, provided there is sufficient public demand. The operation of this service would require a minimum of 40 cars to be transported at once.Traditionally, the KR Ro-Ro service has been used for trucks, allowing vehicles to be transported along with their drivers. Over the past 15 months, the corporation secured projects worth Rs 31.50 billion through tendering and is currently executing works valued at Rs 40.87 billion.K..

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