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Metals & Mining

Indian Metals & Ferro Alloys’ (IMFA) 4.5 M.W. solar-based power unit at Therubali village in Rayagada district of Odisha is nearing completion. The development is estimated to cost Rs.50 crore. Project received environment clearance (EC) in 2016, but could commence work on the power unit only in 2018. The Kolkata-based Vikram Solar is the contractor […]

Aditya Birla Group’s Hindalco Industries will make an investment of Rs 3,500 crore in Gujarat. Company will set up the country’s biggest aluminium extrusion and aluminium recycling plants in Kutch. In this regards, the company has inked a memorandum of understanding (MoU) with the state government. Company will invest Rs 2,000 crore in two phases […]

State government in Karnataka has decided to develop 3 important mining regions entailing an investment of Rs.340 billion. In this connection a detailed presentation has been forwarded during the recent review of the progress of the Comprehensive Environment Plan for Mining Impact Zone (CEPMIZ) scheme in Bengaluru, said industry sources, claiming that the three regions […]

India’s biggest non-ferrous metal companies Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP trade agreement). Aluminium, copper and zinc producers fear a further blow to the industry going by their experience of the India-Asean free trade agreement. These companies with […]

Vedanta is planning to expand its alumina refinery at Lanjigarh in Odisha to six million tpa by 2021 by using alternate bauxite resources. Plant at Lanjigarh produced around 1.2 million tonne of alumina in FY18 and has a current capacity of two million tonne. Plant currently imports 2.5 to 3 million tonne of bauxite and […]

State-run Coal India is considering outsourcing coal bed methane production to global operators and will set aside Rs.3,000 crore to part-finance initiative,. “We plan to appoint global mining development operators (MDO) for outsourcing methane production from Coal India’s blocks,” a senior Coal India executive told ET. “They would be undertaking the initial investments necessary for […]

Government plans to auction 12 mineral blocks, including eight iron ore mines in next 2 months, according to an official document. Of the 12 blocks to go under the hammer in August and September, three are graphite blocks in Jharkhand, one is a limestone block in Andhra Pradesh and the remaining eight are iron ore […]

Ministry of Coal has issued directions to Nominated Authority to allocate 27 more mines to sectors including steel and cement. Of the 27 coal mines, 6 will be for the end-use production of iron and steel, 13 coal mines for the end-use of iron and steel, cement, and captive power plants, two coal mines for […]

Almatis, a global world leader in production and supply of premium alumina and alumina-based products, is setting up a new Tabular Alumina plant in Falta, West Bengal to fuel its growth plans across Asia. Previously a part of global aluminium major, Alcoa, Almatis is owned since September 2015 by OYAK, the largest private pension fund […]

JSW Steel is planning to invest around Rs. 45,000 crore till FY21 apart from modernising and expanding capacities of its downstream businesses. Projects will further enhance our efficiencies and generate superior returns. Completion of these projects will take our overall capacity from 18 milliom tpa to 24.7 million tpa by March 2020. Company is looking […]