Engineering firm John Cockerill to move metal biz global HQ to Mumbai
Mumbai: Multi-national engineering company John Cockerill is moving the global headquarters of its metals business to Mumbai. On Wednesday, the global CEO of the Belgium-headquartered company, François Michel, and other senior executives Vivek Bhide and François David Martino met Maharashtra Chief Minister Devendra Fadnavis to discuss the company’s growth plans.

PNGRB urges GAIL to phase out gas turbines, adopt electric motors
Gas pipelines in India currently use gas-fuelled turbines in compressors.

Evonith targets aggressive ramp-up in steel capacity by 2030
Nithia Capital-owned Evonith Steel, which acquired the bankrupt Uttam Group in 2020, has now set a target to become India’s fifth-largest steelmaker.

Evonith Steel to double capacity with ₹6,000-cr expansion plan
Mumbai: Evonith Steel (formerly Uttal Galva Metallics and Uttam Value Steel) plans to more than double capacity to 3.5 million tonnes per annum from 1.4 mtpa, with an investment of ₹5,500 crore – ₹6,000 crore over three years. The promoters of the company, Nithia Capital, plan to fund the expansion through internal accruals, debt, and an initial public offering in 18-24 months.

Fabex Steel announces second plant in Chityal near Hyderabad

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units. The company also operates a high-capacity plant in Vijayawada, supporting domestic and export demand for pre-engineered buildings and structural steel solutions.

Odisha: NALCO observes vigilance awareness week-2025
 

Gold prices rise on safe-haven demand, hover near record levels
Chennai: After a week-long correction, gold prices began to recover early this week and extended their gains on Wednesday (November 5), supported by sustained safe-haven demand and a softer US dollar. Investors continued to favor bullion amid persistent global economic and geopolitical uncertainties, keeping the metal close to record levels.

Amid high gold prices, Tanishq sees growth through gold exchange programme
Bengaluru: Amid record high gold prices, Tanishq has seen a sharp rise in consumers trading old gold for new purchases. The jewellery major also saw a surge in gold exchange sales during the second quarter, with the trend now emerging as a long-term consumer behaviour shift rather than a festive spike, said Arun Narayan, Senior Vice-President, Tanishq. Gold prices have grown nearly 43 per cent this year from ₹77,913 per 10 grams in January to ₹1,11,350 at present, as per data accessed through bank bazaar.

Adani Energy Solutions to supply 60 MW green energy to RSWM under Rs 60 cr investment
Adani Energy Solutions bags 60 MW renewable energy order from RSWM 
The Financial Express