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DPR for Vandalur-Vandavasi industrial corridor to Cheyyar Sipcot under development
The Tamil Nadu Road Development Company (TNRDC) is preparing a Detailed Project Report (DPR) for the development of an industrial corridor connecting Mannivakkam near Vandalur to Vandavasi in Tiruvannamalai district. This proposed corridor will enhance connectivity to the Cheyyar SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial Complex and the Oragadam Industrial Hub, further strengthening the state’s industrial growth.TNRDC has suggested upgrading State Highway-116, which runs from Kancheepuram to Vandavasi, into a six-lane road. The Cheyyar SIPCOT complex, which spa..
CIL urged to prioritise coal production to reduce imports: Minister G Kishan Reddy
Union Minister G Kishan Reddy has called on Coal India Limited (CIL) to focus on ramping up domestic coal production and scaling up supply to reduce the country’s dependency on coal imports. CIL, which accounts for over 80% of India's domestic coal output, was highlighted as key to India’s energy security.Speaking on the occasion of CIL’s 50th Foundation Day, Reddy praised the company’s efforts to improve workers' welfare, particularly through the introduction of Performance Linked Incentives for contractual workers, effective FY 2023-24.The launch of commercial coal mining has brought..
Cement manufacturers report margin decline in September quarter amid lower prices
Cement manufacturers have reported a decline in margins during the September quarter, primarily due to lower prices, which led to reduced sales realization. Smaller companies such as Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement experienced a drop in both topline and sales volume. However, leading players like UltraTech Cement, Ambuja Cement, and Dalmia Bharat performed better, primarily due to several recent acquisitions that have bolstered their market position.The industry faced challenges, including an extended monsoon, floods, and slow government demand, all of w..
