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The Indian Steel Association (ISA) has formally approached the Odisha government to advocate for a prioritized allocation of iron ore for steelmakers based within the state. They want to make sure their expansion plans aren't derailed by shortages -- basically, raw material supply is the big risk hanging over the industry right now. On Tuesday, ISA's President and Member of Parliament, Naveen Jindal, led a group to meet Odisha Chief Minister Mohan Charan Majhi, to discuss the strategic necessity ...Read More >
New Delhi, Apr 6 (PTI) PC Jeweller Ltd on Monday said its standalone revenue grew 32 per cent annually during the fourth quarter of the last fiscal year ended March 2026. In its quarterly update through a regulatory filing, the company informed that it concluded the fourth quarter of 2025-26 fiscal with a standalone revenue growth of about 32 per cent YoY (year-on-year). The company did not give any reason, but surging gold prices amid geopolitical uncertainties may have boosted the revenue. ...Read More >
New Delhi, Apr 6: PC Jeweller Ltd on Monday said its standalone revenue grew 32 per cent annually during the fourth quarter of the last fiscal year ended March 2026. In its quarterly update through a regulatory filing, the company informed that it concluded the fourth quarter of the 2025-26 fiscal with a standalone revenue growth of about 32 per cent YoY (year-on-year). The company did not give any reason, but surging gold prices amid geopolitical uncertainties may have boosted the revenue. "C ...Read More >
New Delhi: India holds rare earth oxide resources of approximately 8.52 million tonnes, but remains dependent on imports for rare earth magnets and related products due to low-grade domestic deposits, regulatory constraints and a limited processing industry, the Parliament was informed on Thursday. In a written reply in Rajya Sabha, Union Minister of State for Science and Technology, Dr Jitendra Singh, said the Atomic Minerals Directorate for Exploration and Research has identified 7.23 million ...Read More >
New Delhi, April 2 (SocialNews.XYZ) India holds rare earth oxide resources of approximately 8.52 million tonnes, but remains dependent on imports for rare earth magnets and related products due to low-grade domestic deposits, regulatory constraints and a limited processing industry, the Parliament was informed on Thursday. In a written reply in Rajya Sabha, Union Minister of State for Science and Technology, Dr Jitendra Singh, said the Atomic Minerals Directorate for Exploration and Research ha ...Read More >
India's Comptroller and Auditor General (CAG) has called out the state-run Odisha Mining Corporation (OMC) for serious compliance problems. According to the CAG, OMC now owes Rs 1,328.37 crore in penalties after going over production limits. The details came from a report on state public sector undertakings, presented in the Odisha Assembly. The violations happened in 2018-19 at two sites: Kodingamali bauxite mine and Sukrangi chromite mine. Most of the penalty is tied to Kodingamali. Here, OMC ...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 >
NEW DELHI, March 27 (Reuters) - India will hold talks with Argentina, Indonesia and Oman next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore, and access technology, two sources with direct knowledge told Reuters. The talks are expected to begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition, said the sources who did not wish to be identified as the plan wa ...Read More >
Tata Steel shares: The company announced plans to boost domestic capacity by nearly 50%, including a 4.8-million-tonne addition, aimed at strengthening market leadership and securing long-term raw material supplies. Tata Steel shares are expected to be in focus on Monday, December 15, following the company's recent announcements related to large-scale capacity expansion in India and efforts to secure long-term raw material supplies. The steelmaker is planning to increase its domestic production ...Read More >
India's largest iron ore producer, NMDC, had previously reset the prices of the key raw material of steel on August 1 to ₹6,100 for Baila Lump and ₹5,250 for Baila Fines. State-owned miner NMDC has reduced iron ore prices by ₹550 per tonne of Baila Lump and by ₹500 for the same quantity of Fines effective October 22. Revising the prices after almost three months, the company said the new, per tonne price of Baila Lump is ₹5,550, while that of Baila Fines is ₹4,750. These are FOR pri ...Read More >
Panaji: State govt has announced that it will engage a third party to evaluate the grade of freshly extracted iron ore at mines, aiming to collect accurate royalty and premium on the average sale price determined by the Indian Bureau of Mines (IBM). This decision comes as the directorate of mines and geology (DMG) currently lacks a laboratory to assess ore grades.Director of mines and geology, Narayan Gad, said the IBM fixes different prices for iron ore grades ranging from 45Fe to 51Fe. He adde ...Read More >
Fortescue reported a 4% rise in first-quarter iron ore shipments and said it has revised plans for its Australian hematite mining operations that includes a new, low-grade product and is aimed at keeping a lid on costs. Fortescue, the world's fourth-biggest iron-ore producer, said it shipped 49.7 million metric tons of the steelmaking ingredient in the three months through September. That compared to 47.7 million tons in the same period a year earlier, and is a record for a first fiscal quarter ...Read More >
New Delhi: State-owned NMDC on Wednesday said it has slashed prices of iron ore lump and its fines by Rs 550 and Rs 500 per tonne, respectively, with immediate effect. It has fixed the price of lump ore at Rs 5,550 per tonne and fines at Rs 4,750 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.5 per cent iron content, while fines are inferior-grade ores with 64 per cent or less iron content. In the last price revision annou ...Read More >
Fadnavis will lay the foundation stone for the 4.5-MnTPA capacity at Konsari on July 22, 2025. He will also inaugurate the 5 Million Tonnes Per Annum (MnTPA) iron ore grinding plant at Hedri in Gadchroli district. The grinding plant has been constructed by the Llyods Metals & Energy Limited (LMEL) and made functional in a record time of just one year. LMEL MD B Prabhakaran said: "Not only the foundation stone for Vidarbha first Integrated Steel Plant is being laid at Konsari in Gadchiroli dist ...Read More >
New Delhi [India], July 17 (ANI): India must act decisively to build functional copper reserves and leverage the metal's remarkable recyclability to secure its future economic and strategic interests, recommends the International Copper Association (ICA) India on the Copper Vision Document 2025.According to the report, to build functional reserves, India must promote copper usage now, especially in government procurement and sectors like infrastructure, where copper can replace less critical met ...Read More >
NEW DELHI: Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around 90% of the world's rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are still awaiting clearan ...Read More >
NEW DELHI, July 10 (Reuters) - Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around 90% of the world's rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are st ...Read More >
New Delhi, Jul 9 (PTI) The proposed 50 per cent import tariff on copper announced by US President Donald Trump will not have any impact on Indian companies as the country is copper-deficient, according to an industry official. Also, Coal and Mines Minister G Kishan Reddy on Wednesday said India will discuss the impact of US tariffs on copper. Also Read | Belagavi Shocker: 3 of Family Members Die by Suicide After Consuming Poison Over Debt in Karnataka. International Copper Association India M ...Read More >
Malanjkhand (Madhya Pradesh): Sanjiv Kumar Singh, Chairman and Managing Director of Hindustan Copper Limited (HCL), has said that HCL is working to ramp up its production from 4 million tonnes to around 12 million tonnes in the coming 6 years. Mentioning Prime Minister Narendra Modi's vision of 'Viksit Bharat 2047', he asserted that copper plays a very crucial role in all industries, including the automobile. In an exclusive interview with ETV Bharat, Singh said, "Copper plays a very important ...Read More >
New Delhi/ Angul (Odisha) [India], July 4: Jindal Steel today announced a significant milestone in its strategic growth journey. The Government of Odisha has issued a Letter of Intent (LoI) to the Company for the grant of a 50-year Mining Lease for the Roida-I Iron Ore and Manganese Block, located in Keonjhar District. Spread across 104.84 hectares, this vital mineral resource significantly enhances Jindal Steel's raw material security and underscores its commitment to integrated and sustainable ...Read More >
New Delhi, Jul 4 (PTI) Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 04, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. Spread across ...Read More >
Keonjhar: Three persons died when an illegal manganese quarry collapsed under incessant rain in Keonjhar district on Tuesday evening. The incident took place near Bichakundi village in Baitarani reserve forest under Joda police station limits.The deceased were identified as Sandeep Purti (25), Guru Champia (18) and Kande Munda (19), all residents of Bichakundi village. The victims were daily wage labourers engaged in illegal manganese extraction from the Dalpahar mine.According to the police, co ...Read More >
Bengaluru - In what is being hailed as the largest industrial transformation in Dutch history, Tata Steel Nederland has submitted its Environmental Impact Assessment (EIA) to the Province of North Holland - marking a major milestone in its ambitious Green Steel plan. The comprehensive report lays bare the environmental and health implications of Tata's plans to overhaul its steel production at the Ijmuiden site. The new steel plant, which will operate using natural gas and green electricity ins ...Read More >
The index of mineral production for the mining and quarrying sector for March 2025 stood at 156.8, increasing by 0.4% over March 2024. Minerals like iron ore, manganese ore and zinc concentrate saw notable increase in production during March 2025 compared to March 2024. Production of iron ore rose by 5.7% to 25.9 million metric tonne (MMT) during the said period. Manganese ore production grew by 9.7% to 0.39 MMT and production of zinc concentrate rose by 5.5% to 0.19 MMT in March 2025 over March ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth ...Read More >
New Delhi [India], December 4 (ANI): MOIL Limited, a Miniratna state-owned manganese-ore mining company, has recorded production of 1.63 lakh tonnes of Manganese Ore in November this year which is the best November performance since inception, the Ministry of Steel stated on Wednesday. The ministry said that during first eight months of FY'25, the company has recorded production of 11.80 lakh tonnes, which is higher by 8.46 per cent over corresponding period last year (CPLY). On the sales fron ...Read More >
African face painting is a dynamic and significant aspect of the continent's cultural heritage. It holds profound traditional importance, used for various purposes ranging from rites of passage to symbols of status and identity within communities. Artists use natural pigments to create complex and symbolic designs on the canvas of the human face. These works of art reflect the rich diversity and artistic creativity inherent across the African continent. African face painting has a rich history ...Read More >
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