Jindal Steel & Power Acquires Allied Strips for Rs 2.17 Billion

08 Apr 2025 CW Team

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)

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

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Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

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