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NEW DELHI, April 1 (Reuters) - India does not plan to go ahead with auctioning deep-sea mining rights due to a lack of technological preparedness and expectations of a weak response from potential bidders, two sources familiar with the matter told Reuters. In November of 2024, India had announced the maiden auction of 13 offshore mineral blocks that included three lime mud blocks, three construction sands blocks and seven polymetallic nodules blocks in the first tranche. The blocks contained ...Read More >
New Delhi: Coal India arm SECL on Wednesday said it has registered a 5.26 per cent growth in production and 4.6 per cent increase in offtake, the volume of dry fuel supplied, in 2025-26, signalling steady progress amid rising energy demand. SECL recorded the total coal production of 176.2 million tonnes (MT) in FY26, up 5.26 per cent from 167.4 MT produced in 2024-25. The company's coal offtake in FY26 stood at 178.6 million tonnes compared to 170.7 MT in FY25. Also Read: West Bengal polls: C ...Read More >
New Delhi: The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled since no bids wer ...Read More >
New Delhi, Apr 1 (PTI) Auto components maker Kay Jay Forgings Ltd has filed draft papers with markets regulator Sebi to raise Rs 360 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of shares worth Rs 60 crore by promoters, taking the total issue size to Rs 360 crore, according to the draft red herring prospectus (DRHP). The company may also consider a pre-IPO placement of up to Rs ...Read More >
A Bharat Rashtra Samithi (BRS) delegation on Monday submitted a memorandum to the Telangana governor, demanding the immediate removal of state revenue and housing minister, Ponguleti Srinivas Reddy, pending inquiry into allegations of illegal mining and encroachment against his construction firm. The delegation to the Lok Bhavan was led by party working president KT Rama Rao (KTR). The delegation alleged that Raghava Constructions, owned by Srinivas Reddy, undertook mining activity in restrict ...Read More >
Bilaspur (Chhattisgarh) [India], April 1 (ANI): South Eastern Coalfields Limited (SECL) has achieved a significant milestone in FY 2025-26, emerging as the only subsidiary of Coal India Limited to register positive growth across all three key performance parameters--coal production, offtake and overburden removal (OBR). SECL recorded coal production of 176.2 million tonnes, reflecting a growth of 5.26% (8.8 MT) over the previous year. Coal offtake stood at 178.6 million tonnes, registering a gr ...Read More >
New Delhi, Apr 1 (PTI) Coal India arm SECL on Wednesday said it has registered a 5.26 per cent growth in production and 4.6 per cent increase in offtake, the volume of dry fuel supplied, in 2025-26, signalling steady progress amid rising energy demand. SECL recorded the total coal production of 176.2 million tonnes (MT) in FY26, up 5.26 per cent from 167.4 MT produced in 2024-25. The company's coal offtake in FY26 stood at 178.6 million tonnes compared to 170.7 MT in FY25. With 364.3 million ...Read More >
Bilaspur (Chhattisgarh) [India], April 1 (ANI): South Eastern Coalfields Limited (SECL) has achieved a significant milestone in FY 2025-26, emerging as the only subsidiary of Coal India Limited to register positive growth across all three key performance parameters--coal production, offtake and overburden removal (OBR). SECL recorded coal production of 176.2 million tonnes, reflecting a growth of 5.26% (8.8 MT) over the previous year. Coal offtake stood at 178.6 million tonnes, registering a gr ...Read More >
New Delhi [India], March 30 (ANI): Rating agency ICRA highlighted that the revenue growth of construction players hit a speed bump in 2025-26, with road focussed contractors among the worst hit. The construction sector is likely to witness a muted revenue growth of 2-4 per cent in 2025-26, after an almost flat performance in 2024-25, according to an analysis by ICRA. However, it expects the industry to witness a revenue growth of 6-8 per cent in 2026-27 after two bleak years. Shrinking order b ...Read More >
BHUBANESWAR: The state-run Odisha Mining Corporation (OMC) has paid a staggering Rs 4,364.15 crore as penalty for excess and unauthorised mineral production, raising serious concerns over compliance with statutory regulations and internal controls. The penalties were imposed for violation of environmental and mining laws, including the Environment Protection Act, Forest Conservation Act and provisions governing mining plans and clearances. The issue assumes significance in light of the Supreme ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. About 97% of the machines used to mine Bitcoin currently come from companies based in China. This heavy reliance on foreign technology has created a bottleneck at American ports and raised alarms about the long-term security of the network. To fix this, US Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act. The bill aims to move the production of special ...Read More >
Mining production growth slightly improved to 3.1 per cent. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India's industrial production rose 5.2% in February, driven by manufacturing growth * Factory output, measured by IIP, increased 2.7% in February 2025 * January 2026 industrial growth revised to 5.1% from earlier 4.8% estimate Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: India's industrial production grew 5.2 per cent in February, mainly due t ...Read More >
Bhubaneswar: State-owned Odisha Mining Corporation (OMC) is liable to pay Rs 1,328 crore in penalties for excess production in two of its mines, a CAG report has flagged.The report on state PSUs, tabled in the assembly on Tuesday, said in the Kodingamali bauxite mine, OMC produced 27 lakh MT of bauxite in 2018-19 against the approved consent to operate (CTO) limit of 22.6 lakh MT. This resulted in 4.4 lakh MT of excess production, attracting a penalty of Rs 1,298.39 crore.In the Sukrangi chromit ...Read More >
Chennai (Tamil Nadu) [India], March 31 (ANI): Union Minister and Bharatiya Janata Party (BJP) Tamil Nadu election in-charge Piyush Goyal, alongside State President Nainar Nagenthran, on Tuesday, released a "chargesheet" in Chennai targeting the DMK government ahead of the upcoming Tamil Nadu Assembly Elections. Accompanied by leaders including K Annamalai and Tamilisai Soundararajan, Goyal described the upcoming Assembly election as a "turning point" in the state's history, expressing confidenc ...Read More >
Bhubaneswar: Seven state-run companies and corporations in Odisha posted a combined loss of ₹794.98 crore in the financial year 2022-23, according to a report by the Comptroller and Auditor General of India (CAG) tabled in the Assembly on Tuesday. The audit assessed the financial performance of 29 State Public Sector Enterprises (SPSEs), of which seven entities reported losses during the fiscal. The total loss marks a significant rise from ₹453.11 crore recorded by the same set of entities in 2 ...Read More >
Bhubaneswar, Mar 31 (PTI) Seven Odisha government-run companies and corporations incurred a loss of Rs 794.98 crore during the financial year 2022-23, the CAG said in a report. Comptroller and Auditor General of India (CAG) audited the financial performance of the State Public Sector Enterprises (SPSEs) for the financial year 2022-23 and mentioned its findings in a report, which was laid before the assembly on Tuesday. Of the 29 government companies and corporations audited by the CAG, seven e ...Read More >
Sanand (Gujarat), Mar 31 (PTI) Prime Minister Narendra Modi on Tuesday said the 21st Century has brought several challenges and global supply chains have been affected due to conflicts, emphasising that the government is laying a strong foundation for technology and energy security in the coming decades. Modi inaugurated Kaynes Semicon's outsourced semiconductor plant in Sanand, marking the commencement of production, and said India is strengthening its role as a reliable semiconductor supplier ...Read More >
Sanand, March 31: Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals. Addressing the gathering after Kaynes Semicon's OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of goods an ...Read More >
Indian security forces, including reserve guards seen in this 2025 photograph, in Bastar, have been battling Maoist fighters for decades India's decades-old Maoist insurgency has been effectively defeated, fulfilling a long-standing deadline to "eradicate" the movement after a sustained military offensive, officials said Monday. Home Minster Amit Shah told parliament that India was "free" of the rebels, known as the Naxals, with only final steps of military operations remaining. The nearly si ...Read More >
The government has cancelled the auction of 11 critical and strategic mineral blocks in the sixth round due to poor investor response and a lack of qualified bidders. Five blocks received no bids, five had fewer than three technically qualified bidders, and the Beku Rare Metal Block in West Bengal was also annulled. The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of quali ...Read More >
Synopsis: NLC India JV begins coal production at Pachwara South block in Jharkhand, with 9 MTPA capacity, strengthening fuel supply for the 3×660 MW Ghatampur thermal power project. NLC India has commenced coal production at the Pachwara South Open Cast Mine in Jharkhand, marking a key operational milestone for the state-run energy company. NLC India Pachwara South coal block: NLC India Ltd (NLCIL) announced that coal production has commenced at the Pachwara South Open Cast Mine in Jharkhand o ...Read More >
NEW DELHI, March 31 (Reuters) - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track. Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates (JAIA.NS), opens new tab to Adani, a portfolio that includes homes, power, ceme ...Read More >
New Delhi: The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled since no bids we ...Read More >
New Delhi, Mar 31 (PTI) The government has cancelled the auction of 11 critical and strategic mineral blocks which were put on sale in the sixth round on account of poor investor response and lack of qualified bidders. The development comes as a setback to the government's efforts to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions. In an annulment notice, the mines ministry said that the auction process for 5 mineral blocks was cancelled si ...Read More >
New Delhi [India], March 31 (ANI): Healthy manufacturing growth pushed up India's industrial output in February, even as rising energy prices and input cost pressures emerged as key concerns for the sector, according to a report by Crisil. The Index of Industrial Production (IIP) grew 5.2 per cent year-on-year in February, slightly higher than 5.1 per cent in January, led by improved manufacturing performance. Also Read | Junos 2026 Highlights: From Rush's Surprise Act to Drake's Nelly Furtado ...Read More >
New Delhi [India], March 31 (ANI): Healthy manufacturing growth pushed up India's industrial output in February, even as rising energy prices and input cost pressures emerged as key concerns for the sector, according to a report by Crisil. The Index of Industrial Production (IIP) grew 5.2 per cent year-on-year in February, slightly higher than 5.1 per cent in January, led by improved manufacturing performance. "The Index of Industrial Production (IIP) edged up to 5.2% on-year in February from ...Read More >
BASTAR (India), March 31 -- India yesterday declared the country free of the Maoist insurgency, fulfilling a long-standing deadline to defeat the decades-long rebellion. Home Minster Amit Shah told parliament India was "free" of the rebels, known as Naxals. "I can say it openly, that we have become Naxal-free -- there is no hesitation in saying this," Shah told parliament, adding that "once the entire operation is completed, I will also inform the country." India in the last two years stepped ...Read More >
Hyderabad/New Delhi: Union Coal Minister Kishan Reddy assured the Rajya Sabha that India's coal sector remains resilient despite global geopolitical tensions. Responding to unstarred questions, he emphasised that domestic production has crossed one billion tonnes for the second consecutive year, ensuring energy security and minimising dependence on imports. With 165 million tonnes of coal stock at mines and 54 million tonnes at thermal power plants, an uninterrupted supply to power and industria ...Read More >
NEW DELHI : The country's industrial output growth accelerated in Feb, led by a recovery in the manufacturing sector, but the West Asia conflict is expected to weigh heavily on the crucial sector in the months ahead.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production rose 5.2 per cent in Feb, a tad higher than the upwardly revised 5.1% in Jan. The manufacturing sector rose 6 per cent in Feb, higher than 2.8 per cent in Feb last year and above ...Read More >
Top iron ore miner Vale SA (NYSE: VALE) is aiming to boost its business in India by ramping up shipments to the country and seeking to trade its ore globally, tapping into one of the world's fastest growing steel markets. "India could be an opportunity not just for sales, but also to source iron ore, blend it and trade it -- finding better markets for their product," Commercial Executive Vice President Rogerio Nogueira said in an interview. The world's most populous nation has been a bright sp ...Read More >
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