Hindalco Buys US Alumina Company AluChem for $125 Million
Hindalco Industries, part of the Aditya Birla Group, has bought 100% of a US company called AluChem Companies, Inc. for $125 million. The purchase was made through Hindalco’s American branch, Aditya Holdings LLC. This is an important step for Hindalco, as it enters the high-tech specialty alumina market for the first time. This kind of […]
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Hindalco Buys US Alumina Company AluChem for $125 Million – Explained Simply
Hindalco Industries has bought a US company called AluChem for $125 million. AluChem makes a special kind of alumina (a material used in many industries). Hindalco made this deal through its smaller company, Aditya Holdings. This is a big step for Hindalco. It wants to grow in the area of high-tech and advanced materials, and […]
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Joon Realty launches Adi Grand – a luxury eco-friendly project near Jaipur
Joon Realty, a luxury real estate company, has announced a new project called Adi Grand, a large, eco-friendly retreat spread over 40 acres. It is located on the outskirts of Jaipur, close to the upcoming Delhi-Jaipur-Mumbai Expressway (NH148). This project will cost Rs 450 crore and is designed to combine nature, luxury living, and eco-friendly […]
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Antica Ceramica Launches Kalakriti Tiles Inspired by Indian Art
Antica Ceramica has launched a new collection of tiles titled the Kalakriti Collection. “Kalakriti” is derived from Sanskrit and refers to “art” and “creation.” These tiles combine classic Indian patterns with contemporary appearance. Each tile measures 60×60 cm and features a glossy surface with natural, earthy tones and traditional patterns. They are designed to appear […]
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India Imposes 12% Temporary Tax on Steel Imports to Protect Local Industry
The Indian government has imposed a short-term 12% duty (referred to as a safeguard duty) on certain kinds of flat steel imports, which come primarily from China and Vietnam. This is to safeguard Indian steel producers from an influx of cheap steel entering India. The new regulation began on April 21 and will remain in […]
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Shree Cement Expands Further with New Grinding Unit in Chhattisgarh; Market Cap Crosses ₹1 Trillion
Shree Cement has commissioned a new cement grinding unit in Baloda Bazar, Raipur (Chhattisgarh). It has the capacity to produce 3.4 million tonnes of cement annually. It’s in line with the company’s vision to become bigger by enhancing its existing operations. Recently, they also commissioned another plant with a capacity of 3 million tonnes in […]
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Government Adds 12% Tax on Some Steel Imports to Help Indian Companies
The Union Steel and Heavy Industries Minister, Shri H. D. Kumaraswamy, stated that he is in favor of the government’s move to impose a 12% duty (referred to as a “safeguard duty”) on importing certain grades of steel. This move is intended to shield Indian steel firms from an excess of steel imports, which were […]
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Drydocks World and Cochin Shipyard Forge Strategic Partnership to Boost Ship Repair and Maritime Infrastructure in India
DP World’s Drydocks World has signed a Memorandum of Understanding (MoU) with India’s Cochin Shipyard Limited (CSL), a move prompted by the Ministry of Ports, Shipping, and Waterways of India. The alliance is intended to establish ship repair clusters throughout India, improving maritime infrastructure within the nation and increasing global competitiveness in the industry. The […]
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SCHWING Stetter and MAX-Truder Team Up for Better Concrete Solutions in India
SCHWING Stetter India, a company that manufactures construction and concrete machinery, is now partnering with MAX-Truder, a German company that manufactures precast concrete machinery. This partnership will help SCHWING Stetter grow in the precast concrete market in India. Precast concrete means parts of the building like walls and floors are made in a factory and […]
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Global Network Gathers in Panama to Promote Sustainable Concrete
The Innovandi Global Cement and Concrete Research Network (GCCRN) is hosting its Spring Week from March 17 to 21, 2025 in Panama City. Over 40 universities and 30 companies will come together to accelerate the development of sustainable cement and concrete. The goal is to reduce carbon emissions in the cement and concrete industry and […]
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