Page 2 - Saket Kumar

Chhattisgarh eyes ₹4 trillion revenue from 65 auctioned mineral blocks

Five Chhattisgarh blocks are part of the Centre's latest critical mineral auction as the state seeks a key role in India's strategic mineral supply chains

Major steelmakers turn to value-added steel as end-users go premium

JSW Steel, Tata Steel, AM/NS India and Jindal Steel are expanding downstream capabilities as demand rises for higher-performance, premium steel products

West Asia war doubled freight costs, says Jindal Steel MD V R Sharma

Jindal Steel aims to raise production to 12-12.5 MT by FY28, focus on value-added steel and boost exports amid rising freight costs and tougher global markets

Coal India sets up Singapore arm to pursue overseas critical mineral assets

CIL Global will explore overseas critical mineral acquisitions and manage investments as the state-run miner looks to diversify its portfolio beyond coal

State levies added ₹7,000 crore to Coal India's bill in FY26: CMD B Sairam

Coal India paid over Rs 32,000 crore in state statutory levies in FY26, with Sairam calling for a stable and predictable taxation framework

Congress-ruled states to jointly challenge MMDR Act in Supreme Court

Karnataka, Kerala and Telangana plan to move the Supreme Court within 10 days, while Congress also seeks to bring Jharkhand on board for the legal challenge

Kerala CM says MMDR amendments could erode states' fiscal autonomy

V D Satheesan said proposed restrictions on taxes and levies on mineral rights and mineral-bearing lands could weaken states' constitutional and fiscal autonomy

MMDR Bill tweak: NMDC flags ₹15,786 crore Karnataka tax exposure

NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law

States to retain 90% of mining-related payments after MMDR Bill: Centre

Mines Ministry says states will continue to receive around 90 per cent of mining-related taxes and statutory payments, amid concerns over the amendment's fiscal impact

MMDR amendment puts state taxing powers back in constitutional crosshairs

The Bill's restrictions on taxing mineral rights and mineral-bearing land have revived questions over Parliament's powers and could open the door to legal challenges by states

Jharkhand CM urges PM Modi to rethink MMDR Bill, flags ₹11,000 crore risk

Hemant Soren says proposed restrictions on states' mineral taxation powers raise constitutional and federal concerns and could hit Jharkhand's mining revenues

States protest Centre's mining 'turf grab'; Reddy defends MMDR Bill

Mines Minister G Kishan Reddy said the MMDR Bill applies only to major minerals and does not affect states' powers over minor minerals, as Kerala warned of legal action.

MMDR Bill can cut legacy mineral levy risks, boost mine economics: NMDC

NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment

FMCG to automobiles: India Inc counting the cost of West Asia conflict

While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow

MMDR Bill may ease retrospective tax burden on miners, steelmakers

The Bill seeks to restrict states' powers to impose taxes and cesses on mineral rights and could provide relief from retrospective liabilities arising from a 2024 SC ruling

Govt may seek to tighten grip over mineral-bearing land with MMDR Bill

The proposed law would restrict state taxes and cesses on mineral rights and mineral-bearing land while invalidating levies that have not yet been collected

Hindalco bets on ₹50K crore projects as debt peaks to ₹80,000 crore

The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27

Coal India enters iron ore mining in latest push towards diversification

Coal India has emerged as the preferred bidder for Odisha's Gadadharpur iron ore block, marking its entry into iron ore mining as it expands beyond coal

Safeguard duty, higher prices to keep steel makers' profitability steady

Crisil Ratings expects steel makers to maintain stable profitability in FY27 as higher domestic steel prices and safeguard duty offset rising coking coal, energy and logistics costs

Coal stocks can meet power sector demand for 62 days: Coal Ministry

India's coal stocks for the power sector can support around 62 days of consumption as production and dispatch rise amid strong supply growth