AM/NS to buy Essar Group’s port assets
PORTS & SHIPPING

AM/NS to buy Essar Group’s port assets

ArcelorMittal Nippon Steel India has agreed to purchase Essar Group's port, power, and other logistics and infrastructure assets for approximately $2.4 billion. AM/NS India is the sole financier of the transaction. The acquisition includes a 25 mt captive jetty at Hazira Port in Gujarat, a...

ArcelorMittal Nippon Steel India has agreed to purchase Essar Group's port, power, and other logistics and infrastructure assets for approximately $2.4 billion. AM/NS India is the sole financier of the transaction. The acquisition includes a 25 mt captive jetty at Hazira Port in Gujarat, a 16 mt deep draft terminal at Visakhapatnam Port with an integrated conveyor connected to an 8 mt iron ore pellet plant in the port city, and a 12 mt deep-water jetty at Paradip Port in Odisha with a dedicated conveyor that handles all its pellet shipments Contact: ArcelorMittal Nippon Steel India Website: www.amns.in

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Real Estate

Jharkhand to Allot 181 Flats via Online Lottery in February

The Jharkhand State Housing Board (JSHB) will allot 181 houses and flats through an online lottery system starting February. The process will be held for the first time entirely online, and interested applicants can apply from February 10 to March 10 via the JSHB's official website. Properties will be available under different categories, with the allotment based on a 90-year lease. Categories include Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and Higher Income Group (HIG), with varying sizes of houses and prices. For EWS, houses will have a super b..

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Infrastructure Urban

UP Cabinet Okays Municipal Bonds for Infrastructure

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Infrastructure Urban

Haryana Proposes New Policy on Tree Felling

The Haryana government has proposed a new policy on tree felling across non-forest land, which would remove the requirement for approval in urban areas on plots allocated by government bodies for residential, industrial, or infrastructure development. Currently, the forest department’s consent is mandatory for tree felling. The proposed policy seeks to replace all previous directives on tree felling outside forest areas, including those areas notified under Section 3 of the Punjab Land Preservation Act (PLPA), 1900. A committee is set to be formed to finalize the policy and revise compensat..

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