Page 2 - Saket Kumar

New steel policy eyes 600 MT capacity, 500 MT consumption: Steel secretary

The government also plans a ₹5,000 crore Viksit Bharat Ispat scheme for small producers, with incentives linked to output and lower carbon emissions

India's Essar group to invest $18 bn in steel manufacturing in the US

The plan includes a proposed $15 billion steel complex in Iowa and nearly $3 billion already invested in a Minnesota iron ore mine and pelletising facility

No coal shortage, says Reddy; plants with critical stocks rise to 82

Thermal power plants had 21.8 million tonnes of coal stocks, around 37 per cent of the normative requirement, as the number of plants with critical stocks rose to 82

IEX subsidiary Indian Coal Exchange applies for coal exchange licence

The proposed physical delivery-based exchange will provide a transparent, technology-enabled marketplace for coal trading under the Coal Exchange Rules, 2026

Mining and construction equipment industry to grow 8-10% in FY27: Icra

Industry volumes are expected to reach 1.5 lakh units in FY27, but higher steel, logistics and imported component costs could reduce operating margins

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

The integrated project includes an iron ore processing plant at Bacheli, a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar in Chhattisgarh

DGFT delists 15 scrap-inspection firms over lapses in issuing certificates

DGFT withdrew recognition of 15 inspection agencies over certification lapses, while metal scrap importers flagged penalties, added costs and shipment disruptions

Mines secy flags delays in mine operations; lithium, nickel schemes soon

Mines Secretary Keshav Chandra said delays after clearances and lease signing were affecting mineral production, while lithium and nickel processing schemes are due soon

Govt to fast-track recycling reforms, consider industry's demands: Reddy

Recyclers sought the abolition of the mandatory pre-shipment inspection certificate regime and proposed a technology-driven inspection mechanism at Indian ports

Coal India plans to raise annual R&D spending to ₹500 crore by FY30

The state-run miner plans to scale up research spending across mining, critical minerals, clean coal and energy-transition technologies, with the annual outlay reaching Rs 500 crore by FY30.

Mining to recycling: Pvt companies building India's lithium supply chain

From Zimbabwean mines and domestic refineries to battery recycling, Lohum, Altmin, Attero and Navprakriti are building alternative sources of lithium amid country's high import dependence

Non-ferrous scrap EPR regime faces portal, target-calculation gaps

Industry sources say the CPCB portal is yet to become operational, while the average-life parameter needed to calculate recycling obligations has not been published

NMDC targets net-zero operational emissions by 2047, plans 90% reduction

State-run iron ore producer plans to cut operational emissions by at least 90 per cent through renewable energy, electrification, low-carbon fuels and CCUS

Centre to launch 16th round of commercial coal mine auctions on Thursday

The latest round will offer fully and partially explored coal blocks under liberal terms, with no end-use restrictions and 100 per cent FDI through the automatic route.

UP's 973-mt captive coal block remains idle 11 years after allotment: Govt

The Coal Ministry has asked Uttar Pradesh to expedite development of the Saharpur Jamarpani block, saying UPRVUNL has made no progress towards operationalising the mine

Coal ministry signs production agreements for six auctioned coal mines

Six mines with reserves of 1,504 million tonnes are expected to attract Rs 1,743 crore in capital investment, while the 16th auction round offers 25 coal blocks

Solar Industries to acquire South Africa's Omnia for ₹12,951 crore

All-cash acquisition will expand Solar Industries' global mining footprint and add Omnia's explosives, blasting solutions and ammonium nitrate capabilities

Tara block auctioned, mining awaits green clearances: Chhattisgarh body

CMDC said mining at the Tara coal block cannot begin until the successful bidder obtains forest and environmental clearances, a mining plan, lease and other statutory approvals

Brics nations call for resilient critical mineral supply chains

New Delhi Declaration calls for diversified and sustainable supply chains, benefit sharing and value addition in resource-rich countries as demand for clean-energy minerals rises

Captive coal mine output expected to cross 190 MT in FY27: Govt

Captive mines produced 68.98 MT up to September 10, up 5 per cent year-on-year, while the government expects output to cross 190 MT during the current financial year