ArcelorMittal and IIT Madras join for Asia's premier Hyperloop venture

04 Jan 2024 CW Team

In a groundbreaking collaboration, ArcelorMittal, a global steel giant, is partnering with the prestigious Indian Institute of Technology Madras (IIT Madras) to establish Asia's inaugural Hyperloop facility. This innovative venture aims to propel the region into the forefront of high-speed transportation technology, heralding a new era of connectivity and efficiency.

The partnership signifies a fusion of industrial prowess and academic excellence, as ArcelorMittal contributes its expertise in steel manufacturing to bolster the structural integrity of the Hyperloop system. IIT Madras, renowned for its engineering and technological research, will lend its academic brilliance to the project. The Hyperloop facility, once realized, promises to revolutionize transportation by enabling unprecedented speeds in a sustainable and eco-friendly manner.

This strategic alliance reflects a commitment to advancing India's technological landscape, fostering research and development in cutting-edge transportation solutions. The project's success could potentially position the country as a global leader in Hyperloop technology. The collaboration exemplifies the convergence of industry and academia, underscoring the transformative potential of such partnerships in shaping the future of transportation.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..