Page 5 - Saket Kumar

JSW, Posco sign agreement to set up 6 MTPA steel plant in Odisha

Odisha being considered as a potential site; final terms of the agreement are subject to feasibility and approvals

Self sufficiency in critical minerals a work in progress, says PM Modi

Highlighting government efforts, PM Modi said the National Critical Minerals Mission (NCMM) has already been launched, with exploration work underway at more than 1,200 locations

MMDR Bill proposes mine expansion, relief on critical mineral charges

Bill allows easier lease expansion for deep-seated minerals, waives charges for critical minerals, removes captive sale cap, and sets up mineral exchanges to boost mining output

Govt targets 1K patents in critical minerals by 2031 under national mission

National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence

Coal India opens power market access for TPPs using linkage coal

The new rule applies to all existing and future FSAs and extends to all power generators, including central and state Gencos and independent power plants

Only nominated firms to mine offshore uranium, thorium under new norms

The new rules notified under the Offshore Areas Mineral (Development and Regulation) Act, 2002, are aimed at unlocking India's offshore atomic mineral potential

Ministry of coal awards 7 coal blocks in 12th round of commercial auction

Blocks expected to fetch Rs 720 crore in annual revenue, attract Rs 787.5 crore investment, and generate over 7,000 jobs, says Coal Ministry

Steel quality control order duplicative and hurts MSMEs, says GTRI

The report also flagged potential market distortion, citing exemptions for finished products like welded pipes, which appear to favour value-added imports over domestic manufacturing

Coal India Q1 net falls 20% to ₹8,743 crore on weak operating performance

Revenue drops 4.4% to Rs 35,842 crore; EBITDA margin down to 39.8% from 43.5%; EPS slips to Rs 14.19 in June quarter

Govt may mandate public procurement of 25% sustainable green steel

Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel

Cabinet approves ₹7,000 crore NLCIL investment in renewables push

Centre eases investment restrictions for NLCIL, enabling 10 GW renewable energy target by 2030 and transfer of existing assets to new clean energy subsidiary NIRL

ICRA forecasts muted growth for mining and construction industry in FY26

ICRA predicts 2-5% growth for mining and construction in FY26 due to factors like erratic monsoons, delayed project awards, and rising equipment costs after regulatory changes

Govt proposes to align avg sale price of rock phosphate with global rates

Facing a DAP shortage, the Centre plans to link rock phosphate prices to global rates to encourage domestic production and reduce dependence on imports from Jordan, Morocco, and others

Centre launches targeted DMF push for aspirational districts initiative

Eyes ₹32,000 crore local development boost

BCCL restarts long-shut coking coal mine under private partnership model

First project under the Mine Developer and Operator (MDO) model to produce 52 million tonnes over 25 years

Govt awards seven-star ratings to three mines for green practices

Mines are rated on mine-level impact management, progressive mine closure and restoration, social welfare, and reporting, with three mines receiving seven-star ratings for their exceptional practices

India misses marine export target by over ₹37,000 crore under PMMSY

Looming US tariff threats may further hurt the sector, say experts

Centre charts roadmap for six-fold rise in copper, aluminium output

Govt unveils copper and aluminium vision documents targeting output expansion, global mineral asset acquisition, higher recycling and low-carbon technologies

Switch to green steel in India will take decades, say industry leaders

Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda

Captive and commercial coal mines post 16.3% rise in output in Q1

Coal production rose 16.39 per cent Y-o-Y in Q1 FY26 with 15.57 MT output in June as Utkal A mine got operational clearance and over 200 blocks were allocated so far