Shyam Middle East Resources expands industrial footprint with AED 40 million investment in Ras Al Khaimah facility

Ras Al Khaimah, May 18 Shyam Middle East Resources FZ-LLC, part of India’s renowned Shyam Steel Group, is establishing a new non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ).

With an investment of AED 40 million, the project marks a significant step in the Group’s global expansion strategy, strengthening its regional footprint while tapping into Ras Al Khaimah’s growing industrial ecosystem.

The agreement was formalised during a signing ceremony at RAKEZ’s Compass Coworking Centre, represented by Shyam Steel Group Chairman Shri Purushottam Beriwala and RAKEZ Sales Director Mustafa Shaker.

Spanning approximately 21,000 m², the facility will be developed in two phases. The first unit is expected to be operational by the first quarter of 2027, followed by the second unit in the next quarter. The facility will process and manufacture non-ferrous metals, including lead, aluminium, and copper, along with alloy production from non-ferrous ingots, with a projected capacity of up to 2,000 tonnes per month. Once fully operational, it is expected to generate around 150 employment opportunities.

Commenting on the partnership, Beriwala said, “Our decision to establish operations in Ras Al Khaimah was driven by its cost-effective operating environment, investor-friendly policies, and strategic connectivity to global markets. RAKEZ provided a seamless set-up experience, supported by efficient processes, readily available industrial land, and a well-integrated. This investment marks an important milestone in strengthening our presence in the Middle East and expanding into new international markets.”

RAKEZ Group CEO Ramy Jallad said, “Shyam Steel Group’s set-up reinforces Ras Al Khaimah’s position as a growing hub for manufacturing and industrial activity. Demand for industrial materials and metal processing continues to grow alongside the region’s construction, infrastructure, and manufacturing sectors, creating strong opportunities for specialised industrial operations. At RAKEZ, we focus on enabling investors to move efficiently from set-up to production through ready infrastructure, responsive support, and a business environment designed for scale. We are pleased to support the Group as they expand their regional footprint and bring new industrial capabilities to the emirate.”

RAKEZ continues to support industrial investors through its integrated ecosystem, combining flexible solutions, world-class infrastructure, and end-to-end support services that enable businesses to establish, operate, and scale efficiently.

AD Ports Group Awards Three Contracts for Noatum Ports Pointe-Noire Terminal in the Republic of the Congo

Brazzaville, Republic of the Congo/ Abu Dhabi, UAE – 18 May 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry, and logistics solutions, announced the award of three major contracts for the design and construction of marine and landside infrastructure, and the sourcing of crane equipment, for the Noatum Ports Pointe-Noire Terminal in the Republic of the Congo.

The container terminal is being developed under AD Ports Group’s majority-owned joint venture with the CMA CGM Group, through its subsidiary CMA Terminals, following an agreement signed between the two parties in February 2025.

The contract awards, with a combined value of approximately AED 735 million (USD 200 million,), mark a milestone in the development of the new container terminal, which is being delivered under AD Ports Group’s 30-year concession agreement with the Government of the Republic of the Congo, extendable by a further 20 years.

The awards include two contracts for marine works and topside works valued at approximately AED 551 million (USD 150 million) to MAR CONTRACTING SARLU and MBTP SA JV, in addition to a AED 184 million (USD 50 million) contract for three ship-to-shore (STS) cranes and nine rubber-tyred gantry (RTG) cranes awarded to Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC).

The container terminal will initially include a quay wall of approximately 420 metres in length and 16 metres in depth, capable of accommodating Patagonia-class vessels, alongside a 100,000 sqm logistics area. Under its concession agreement with the Congolese government, the Group has the right to develop additional multipurpose cargo capabilities, to be evaluated in line with evolving business demand. 

Mohamed Eidha AlMenhali, Regional CEO – AD Ports Group, said: “These contract awards mark a significant step towards delivering a modern and future-ready container terminal at the Port of Pointe-Noire, in partnership with CMA Terminals. This development reflects AD Ports Group’s long-term commitment to investing in high-growth markets and developing integrated maritime and logistics infrastructure that strengthens regional trade connectivity. This strategic investment will not only enhance port capacity, but also to create lasting value for Congolese communities through job creation, skills development, and stronger integration into global trade. In addition, this development will support economic diversification, attract leading global shipping lines, and deliver sustainable value for the Republic of the Congo and the wider region, in line with the vision of our wise leadership in the UAE.”

The foundational contracts advance the development of the new container terminal at the Port of Pointe-Noire, enhancing its capacity to handle larger vessels and higher annual throughput, which further reinforces its role as a regional trade gateway serving Central and West Africa. Construction is expected to be completed in approximately two years.

Based on comparable port developments, Noatum Ports’ Pointe-Noire Terminal is estimated to create up to 9,000 jobs, both directly and indirectly, from the initial phase of construction and through the start of operations.

Construction activities are projected to create up to 800 jobs, whilst direct terminal operations are expected to support a further 400 roles. In addition, up to 7,000 indirect jobs are anticipated through new business opportunities enabled by the terminal.

The development of the Noatum Ports Pointe‑Noire Terminal is closely aligned with the Government of the Republic of the Congo’s vision and the National Development Plan for Congo‑Brazzaville, which prioritises economic diversification, reduced dependence on hydrocarbons, and inclusive growth.

By modernising port infrastructure, enhancing trade competitiveness, and strengthening logistics capabilities, AD Ports Group supports the Government’s ambition to position Pointe‑Noire as a leading maritime and logistics hub for Central and West Africa, whilst generating sustainable economic and social benefits. 

The marine works contract includes the full design and construction of the quay wall, marine structures, crane foundations, quay infrastructure, and associated waterside works. The topside works contract covers the development of a concession area, including container yard infrastructure, operational and administrative facilities, utilities networks, substations, and supporting terminal infrastructure.

The crane supply contract covers the manufacture and delivery of Super Post-Panamax STS cranes, which are amongst the largest and most advanced in container ports. The hybrid RTG cranes are expected to reduce diesel consumption by up to 60% compared to conventional diesel-powered RTGs, equivalent to savings of approximately 1 million litres of fuel per year, and a reduction of around 5,000 tonnes of CO₂ emissions.

AD Ports Group continues to expand across Africa, with port terminals and logistics businesses in Egypt, Tanzania, Angola, Cameroon, and the Republic of the Congo, supporting regional trade integration and long-term economic development. In addition, the Group provides maritime shipping services in West and East Africa, and is building a 20km² industrial and logistics park in East Port Said, Egypt, at the Mediterranean mouth of the Suez Canal.

UNIQLO Brings UT Graphic T Universe Pop-Up to Gurugram

Delhi, May 18 :  Global apparel retailer UNIQLO is bringing the world of UT to Gurgaon with a month-long UT Pop-Up at Ambience Mall, Gurugram from May 15 to June 15, 2026. Designed as a celebration of pop culture and self-expression, the limited-time pop-up invites customers to discover UT, UNIQLO’s graphic T-shirt label, through some of its most globally loved collections inspired by art, manga, anime and characters.

The pop-up features a curated showcase of UT collections across globally recognized cultural franchises including Disney, manga and anime series, gaming titles, and other popular cultural touchpoints. Through UT, UNIQLO continues to bring together creativity and everyday wear, reimagining graphic T-shirts through the lens of LifeWear – simple, high-quality clothing designed to enrich everyday life.

Located at Ambience Mall, Gurugram, the limited-time pop-up has been designed to offer customers an engaging introduction to UT’s distinctive visual universe through seasonal collections, limited-time drops, and dedicated displays inspired by globally loved stories and characters. With graphic T-shirts continuing to see growing popularity among younger consumers and pop culture communities, the pop-up brings together fashion, individuality, and everyday style in a format tailored for customers evolving cultural landscape.

UT, short for UNIQLO T-shirt, is UNIQLO’s graphic T-shirt label that collaborates with artists, brands, characters, games, anime, and cultural institutions from around the world. Featuring collections across art, manga, music, movies, and characters, UT transforms cultural moments into wearable everyday apparel.

As part of the activation, customers and visitors are encouraged to share their favourite UT moments on social media throughout the duration of the pop-up.

VST Tillers Tractors Limited reports 25% revenue growth with strong operational performance

Bengaluru, May 18:  VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced its financial results for the 4^th quarter and the financial year, showcasing continued growth momentum and operational resilience.

 Financial Highlights – FY2025-26

• Revenue from operations increased to ₹1,240 crore, registering a robust growth of 25% compared to ₹995 crore in FY2024-25, marking new milestone in the Company’s revenue growth journey.

·        Operational EBITDA increased significantly to ₹166 crore from ₹70.7 crore in the previous year. Operational EBITDA margins improved by 221 basis points to 13.38% from 11.17% last year. Operational EBITDA is computed after excluding other income and fair value gain/(loss) on investments.

• Profit After Tax (PAT) stood at ₹106 crore as against ₹94 crore in FY2024-25. Excluding the impact of fair value gain/(loss) on investments, adjusted PAT increased by 61% to ₹113 crore from ₹70 crore in the previous year.
• The Company generated strong operating cash flows of ₹132 crore during the year compared to ₹76 crore in the previous year, supported by improved operational performance, efficient working capital management, and a strong balance sheet with healthy cash reserves.

Q4 FY2025-26 Highlights

·        For Q4 FY2025-26, the Company reported revenue from operations of ₹328 crore, registering a growth of 9% compared to the corresponding quarter of the previous year.

·        Operational EBITDA for the quarter increased to ₹46.82 crore from ₹40.37 crore in Q4 FY2024-25, with EBITDA margins improving to 14.2% from 13.4% in the corresponding period last year.

·        Reported Profit After Tax (PAT) for the quarter stood at ₹5 crore as against ₹25 crore in Q4 FY2024-25. Excluding the impact of fair value gain/(loss) on investments, adjusted PAT increased by 36% to ₹39 crore from ₹28 crore in the corresponding quarter of the previous year.

The real value of water is felt only when it runs dry: DropTalk 2026

DropTalk 2026, Water Sustainability Summit, Bringing Together Leaders in Water, Climate and Sustainability

Bengaluru, May 18: DropTalk 2026, a two-day summit dedicated to conversations, collaboration and action on water and climate sustainability, was held at Indian Institute of Science (IISC) in Bengaluru. Hosted by FluxGen Sustainable Technologies, in collaboration with Indian Institute of Science (IISc), Department of Instrumentation & Applied Physics, Interdisciplinary Centre for Water Research (ICWaR), Centre for Sustainable Technologies (CST) and OpenWater. The summit is sponsored by Murugappa Water Technology and Solutions (MWTS).

The summit has brought together policymakers, researchers, industry leaders, startups, environmentalists and students to deliberate on innovative and sustainable approaches to water management, climate resilience and environmental stewardship.

Speaking at the inaugural session, Rajeev Gowda highlighted the need for stronger collaboration between academia, industry and policymakers to address critical sustainability challenges. He emphasised that Bengaluru possesses the talent, institutions and innovation ecosystem required to emerge as a global hub for research-driven solutions in water and climate sustainability.

The event also featured thought-provoking discussions on the growing challenges of water scarcity, climate change and sustainable resource management. Experts stressed the importance of adopting integrated “One Water” approaches that combine rainwater harvesting, wastewater reuse, watershed protection, lake rejuvenation and efficient urban water management practices.

Addressing the gathering, Jaytheerth Nadgir underscored the importance of collective responsibility in securing a sustainable future for the next generation. He also highlighted India’s growing leadership in cleantech innovation and the need to recognise and support indigenous solutions emerging from startups, research institutions and industry.

DropTalk 2026 featured a wide range of engaging sessions and immersive experiences, including HydroMingle, Jal Samvaada, Flow Forward, Women in Water, lake walks, technology showcases and discussions on industrial water management and sustainability. One of the key highlights of the summit is the Painting Competition for school students, aimed at inspiring young minds to think creatively about sustainability, water conservation and environmental responsibility.

Dr. Krishna Raj, Professor and Head RBI Chair Professor Centre for Economic Studies and Policy Institute for Social and Economic Change (ISEC) said “every drop of water has value, regardless of whether it comes from rivers, groundwater, rainwater or even wastewater. India urgently needs to redefine and reimagine water management, as climate change and rising demand are creating severe risks to future water availability. We know the price of water, but we often fail to understand its true value. Water is no longer a free resource — it is an economic, social and environmental asset that must be conserved and managed responsibly for future generations,” he observed.

Ganesh Shankar, Founder, FluxGen Sustainable Technologies said, “the real value of water is felt only when it runs dry. Urban India must move from a unidirectional water supply approach to an integrated ‘One Water’ management system that includes rainwater harvesting, wastewater reuse, lake restoration, watershed protection and efficient consumption practices. Source protection and watershed management are critical for ensuring sustainable water supply to cities like Bengaluru. Governments, industries and citizens must work together to improve water accounting, reduce pollution and promote equitable access to safe drinking water,”

Prof. Rajeev Gowda, former MP and Chair, Bengaluru Research and Innovation Network “Bengaluru has the talent, institutions and industry ecosystem needed to become a global hub for research and innovation. Through the Bengaluru Research and Innovation Network, we want to break silos, build collaborations and create platforms where interdisciplinary ideas can emerge and solve real-world challenges like water sustainability. We cannot allow Bengaluru to face a future of water scarcity. Two years ago, headlines warned that Bengaluru could become the next major city to run dry, but with integrated solutions such as wastewater reuse, rainwater harvesting, lake rejuvenation and groundwater recharge, we can build a sustainable water future for the city.”

“Water management requires both innovation and policy alignment. From projects like the KC Valley initiative to apartment-level wastewater treatment and reuse, Karnataka is already moving towards a ‘One Water’ approach, but we need more research-backed ideas and stronger collaboration between academia, policymakers and industry,” he added. According to him, “Water sustainability is not just a policy issue, it is a responsibility we owe to the next generation. I personally believe that we must act today so that we never have to apologise to our children for the environmental challenges they inherit tomorrow,”

Jaytheerth Nadgir, CEO Murugappa Water Technology & Solutions said “India is witnessing a golden phase of innovation in clean technologies. Startups, research institutions and industries are doing remarkable work in areas such as water management, sustainability and cleantech, and it is important that we recognise and celebrate our own achievements. The future of agriculture, sustainability and water conservation are deeply interconnected. If we truly want to improve farmers’ incomes and build a sustainable future, we must focus on the ‘soil to soul’ approach, where responsible management of natural resources becomes central to development,”