Shirdi Steel and Rollers greenlit for Goa steel unit expansion

25 Aug 2023 CW Team

Shirdi Steel and Rollers has received a significant nod from the Goa State Expert Appraisal Committee (Goa-SEAC) for the expansion of its steel unit within the Cuncolim industrial estate. The company's ambition to elevate production capacity from one lakh tonnes per annum (tpa) to 1.5 lakh tonnes per annum (tpa) is now poised for realisation.

Occupying two plots within the Cuncolim industrial estate, the steel unit's expansion plan encompasses 9,000 square metres. area adjacent to the existing location. The Goa-SEAC's endorsement specifies that this expansion area remains well within the boundaries of the industrial estate.

The expert committee has directed the Goa State Environment Impact Assessment Authority (GSEIAA) to furnish terms of reference (ToR) to Shirdi Steel and Rollers, thereby initiating the process to secure environmental clearance (EC) for the forthcoming expansion endeavour.

In adherence to the issued notification on July 20, 2022, the re-rolling unit (secondary metallurgical processing industry) is required to secure prior clearance within a year from the notification's issuance date. This regulatory impetus underscores the commitment to ensuring sustainable and environmentally conscious growth in the steel sector.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..