Posco, Adani Group to set up $5 billion Mundra steel mill

17 Jan 2022 CW Team

South Korean group Posco and Adani Group have entered an agreement to jointly build an integrated steel plant worth USD 5 billion in Gujarat. This was the third attempt of the South Korean company to have a substantial manufacturing presence in India.

The initial non-binding agreement between the two companies states that the environment-friendly steel mill will be established in Mundra, Gujarat, which is also Gautam Adani’s home state.

However, details regarding the new plant’s investment and manufacturing capacity have not been disclosed.

This alliance is an amazing step for the Adani Group which is so diversified and has interests in various sectors such as ports, logistics, power, airports, mining, infrastructure, and so on.

Recently Adani announced plans for major investment for becoming the world’s best renewable energy company.

They are also uniting with new-age businesses as part of their plans for their super-app and investment in data centers.

According to a statement, renewable energy, hydrogen, and logistics are the further sectors in which the two companies plan on collaborating further at a group level for the reduction in global carbon footprint.

The companies have plans for tapping into renewable energy sources as well as green hydrogen, aligning with ESG commitments for sustainable and efficient energy.

Image Source

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..