JSW Steel to sell Italian biz as revival fails

12 May 2022 CW Team

JSW Steel will soon put its subsidiary in Italy on the block on as many efforts by the company to revive the business have failed amid rising raw material cost and pressure mounting to make fresh investment to cut emission.

JSW Steel had acquired the second largest steel plant at Aferpi for Rs 451 crore from Algeria-headquartered Cevital in 2018. Having lost the battle with ArcelorMittal then for acquiring a steel plant Ilva SpA, JSW Steel was then very bullish about revival of the stressed Aferpi.

However, the plant could not be turned around despite huge investment to upgrade it and cut-down on cost. The Russian invasion of Ukraine has made matters worse by pushing up the cost all around, sources said.

The Italian unit has reported an EBITDA loss of Euro 6.8 million in December quarter against EBITDA of Euro 6.1 million in September quarter due to certain one-time write-offs and impairment charges.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..