Page 2 - Saket Kumar

France pitches processing partnership for India's rare earth ambitions

French official says India should invest in rare earth processing and refining before domestic mines start production, while expanding technology, financing and research partnerships

Panel clears coal supply for Torrent's Gujarat replacement power plant

The Standing Linkage Committee recommended long-term coal linkage for Torrent Power's proposed Gujarat plant and approved coal supply proposals for projects in Madhya Pradesh and Rajasthan

Coal India's Q1 output falls 7.5% as supplies rise, stocks decline

Coal India produced 169.6 MT of coal in Q1 FY27, down from 183.4 MT a year earlier, while supplies rose 3.5 per cent as the miner reduced pithead stocks

Coal output from captive and commercial mines rose 14.9% in June

Dispatch also increased in June as three new mines, including the Urtan coking coal block, commenced production during the first quarter of FY27

Coal block allocatees now have option to produce insurance surety bonds

Coal block allocatees under the MMDR Act can now use insurance surety bonds instead of performance bank guarantees, easing financing constraints and improving business ease

India's coal imports fall 13% in April; power sector imports drop 25%

Improved domestic coal supplies helped reduce import dependence, with power sector imports falling nearly 25 per cent even as coking coal purchases edged higher

NITI Aayog plans policy to recover critical minerals from mine waste

A technical committee is examining royalty, incentives and commercial viability for extracting critical minerals from mining waste before submitting policy recommendations to the government

Coal India to invest ₹1,900 crore in R&D by FY30 to drive innovation push

State-run miner will scale up research through NaCCER, Centres of Excellence and global partnerships, focusing on clean coal, carbon capture and advanced mining technologies

Andhra Pradesh to allocate land for ₹20K crore rare-earth projects

Of the total, around Rs 16,000 crore is expected to come from upstream processing projects, while downstream magnet manufacturing could account for another Rs 4,000 crore

₹37,500-cr coal-gasification scheme links incentives to competitive bids

Scheme links incentives to competitive bids and project milestones, with subsidy caps and penalties to accelerate coal gasification and reduce import dependence

Power sector faces cost pressure from rising aluminium, copper prices

Rising aluminium and copper prices are driving up costs for India's power equipment and renewable energy sectors, squeezing margins and project economics

Vedanta says decade-long contribution to exchequer reaches ₹4.83 trillion

Vedanta said its payments to the national exchequer rose 13.3 per cent in FY26 to Rs 62,722 crore, taking its cumulative contribution over the past decade to Rs 4.83 lakh crore

Mospi proposes framework to assign monetary value to India's coal reserves

The ministry has recommended the OECD methodology for valuing coal reserves, saying it could strengthen natural capital accounting and support evidence-based policymaking

Commerce ministry calls for govt-level talks on concerns over metal scrap

The ministry has sought engagement with the EU over its Waste Shipment Regulation amid concerns that restrictions on scrap exports could affect Indian industry

Centre auctions 10 critical and strategic mineral blocks in seventh tranche

India auctioned 10 critical mineral blocks in the seventh tranche, expanding domestic supply efforts for rare earths and strategic minerals across new states

India's critical mineral recycling capacity commitments triple target

Recycling commitments under the Rs 1,500-crore incentive scheme reach 850 kilotonnes against a 270-kilotonne target as India accelerates critical mineral plans

NLC India's ₹1 trillion expansion plan takes global route for borrowing

CMD Prasanna Kumar Motupalli spoke about NLC's critical mineral strategy, overseas expansion plans, funding road map, proposed NLC India Renewables initial public offering, and mining expansion plans

Industry seeks policy push to boost structural steel use in construction

Industry executives have called for regulatory reforms, revised building codes and skill development to boost structural steel use as urbanisation gathers pace

Coal gasification projects worth ₹65,000 cr under execution: Coal secy

Government says eight projects backed by incentive support are under implementation as India pushes coal gasification to reduce import dependence and boost industrial capacity

India exports raw aluminium as tariff structure hits manufacturing: GTRI

Think tank GTRI says India's tariff structure encourages exports of primary aluminium while raising input costs for domestic manufacturers and MSMEs