Page 5 - Saket Kumar

Critical mineral M&A falls 39% in 2024 as lithium prices, demand cool

PwC report says M&A in critical minerals dropped sharply in 2024 as lithium prices plunged, supply fears eased and governments tightened scrutiny on strategic resources

Steel ministry clears ₹5,000 cr scheme to boost low-emission operations

The steel ministry has approved a Rs 5,000 crore scheme to promote low-emission steel, with 80% of funds directed to the secondary sector and incentives linked to emission cuts

Coal India hikes mine fatality ex gratia to ₹25 lakh, adds salary plan

Coal India raised ex gratia for mine fatalities to Rs 25 lakh and launched a salary package with Rs 1 crore accident cover for regular staff and Rs 40 lakh for contract workers

Mines ministry launches sixth critical minerals auction, PSU welfare plan

The mines ministry launched the sixth tranche of critical minerals auction for 23 blocks across 13 states and announced Rs 1 crore insurance cover for PSU miners

Vedanta CEO warns US tariffs risk slowing global energy transition

Vedanta CEO Deshnee Naidoo cautioned that US tariffs could slow global decarbonisation, stressing India must prioritise critical minerals and domestic value chains

Govt to auction 23 critical mineral blocks in sixth tranche on Tuesday

The Centre will launch the sixth tranche of auctions for critical and strategic minerals on Tuesday, offering 23 blocks and announcing the first set of bidders for exploration licences

Aluminium industry needs policy support for next phase of growth: Hindalco

Hindalco and Vedanta executives said policy support, innovation and investment will be critical as India's aluminium demand is set to multiply, driven by urbanisation and industry needs

Govt plans support package for steel, aluminium sectors amid US tariffs

The government is preparing a support package to help steel and aluminium industries after the US hiked import tariffs to 50 per cent, raising concerns of dumping and demand slump

Steel demand weak till September, rebound from October: Naveen Jindal

Naveen Jindal expects steel demand to rebound in October after monsoon weakness, projects double-digit growth in FY26, and calls met coke import quotas a 'permit raj'

Steel industry flags high input cost, seeks support for green transition

Demands include zero duty on natural gas, use of District Mineral Foundation and CAMPA funds

Aluminium extrusion industry body alleges 28 units shut, 5K jobs lost

ALEMAI claims closure of 28 aluminium extrusion units and the loss of 5,000 jobs in the last two years, blaming free trade agreements (FTAs) and rising import dependence for the industry's struggles

Cabinet clears ₹1,500 cr scheme to promote critical mineral recycling

The Union Cabinet has approved a Rs 1,500 crore scheme under the National Critical Mineral Mission to promote recycling of e-waste and batteries for mineral recovery

India to add record 43 GW renewable energy capacity in 2025: Pralhad Joshi

India has added 30 GW of renewable energy capacity so far in 2025 and is on track to reach 43 GW by December, with projects aligning to the 500 GW target by 2030

India's steel demand to triple by 2050 as China's share contracts: WoodMac

India's steel demand is forecast to grow strongly as China's share falls to 31% by 2050, with rising consumption in India and Southeast Asia reshaping global trade flows

A tepid start: India's critical mineral block auctions see weak response

In these auctions, the government grants two types of concessions: a mining lease allows the winning bidder to directly undertake mining operations

Coal India production slump likely to continue for another month

CIL alone meets 80 per cent of India's domestic coal demand across key industries including power, cement, and steel

BS Infra Summit: Fossil fuels can't be eliminated, say industry experts

Industry experts say the country's green energy success depends on a long-term policy vision, targeted investments in infrastructure, and the development of domestic technology and financing solutions

Committed to energy ties with India, says senior US Embassy official

US, India deepen energy ties with focus on critical minerals, nuclear reactors, oil, gas, and smart energy solutions to strengthen long-term energy security

India finalising CCUS Mission roadmap; experts call for LNG contracts

The government is finalising the CCUS Mission roadmap and outlay as experts highlight the importance of long-term LNG supply contracts and domestic gas production for energy security

India-UK FTA to boost aluminium exports as carbon tariffs pose challenge

FTA could triple aluminium exports to the UK by 2030, while R&D collaboration may enable extraction of critical minerals from aluminium by-products