The agreement provides a framework for cooperation in identifying and evaluating opportunities in critical and strategic minerals. Integrated energy major GAIL (India) Ltd has inked an MoU with government‑backed joint venture Khanij Bidesh India Ltd (KABIL) to collaborate in the field of critical and strategic minerals, supporting India’s long‑term resource security. The agreement provides a...
Category: Materials
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RVNL Secures ₹29.77 Billion NMDC Project for Advanced Iron Ore Hub in Visakhapatnam
The company will oversee the project from concept to commissioning, scheduled for completion within 42 months across a 472‑hectare site. The railway infrastructure major, Rail Vikas Nigam Ltd (RVNL), has been awarded a landmark project by the mining sector leader, NMDC, for the execution of a state‑of‑the‑art buffer stockpiles and blending yard facility at Visakhapatnam,...
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India Approves Royalty Reform to Unlock Critical Minerals, Bolster Green Energy, Cut China Reliance
This shift from a per-tonne basis to average sale price-linked rates reflects India’s intent to align royalty accruals with market price variations across mineral grades, while also reducing import dependency. In a significant boost to India’s net zero targets, the Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved the rationalisation of royalty...
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RUSAL Drives AI-Powered Digital Transformation in Logistics and Quality Control
By combining digital logistics with advanced quality analysis, one of the world’s largest aluminium producers underscores the rising role of AI in heavy industry. The world’s largest low‑carbon aluminium producer, RUSAL, has rolled out two artificial intelligence (AI) solutions to boost operational efficiency and product quality as part of its long‑term digitalisation strategy, the company...
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ITA to Launch India Support Programme to Accelerate Industrial Decarbonisation
The ITA has identified more than 65 potential clean industrial projects across sectors, including aluminium, steel, cement, chemicals, and aviation, to advance a first wave to final investment decision within the next two to three years. The Industrial Transition Accelerator (ITA), a global initiative launched at COP28 to fast-track decarbonisation in heavy-emitting sectors, will formally...
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Alba, Epsilon Carbon Sign MoU to Strengthen India-Bahrain Aluminium Supply Chain
The collaboration marks a key step towards enhancing Alba’s supply chain resilience and operational efficiency, while advancing Epsilon Carbon’s plans to set up a coal tar pitch melting facility in Bahrain. Aluminium Bahrain (Alba), the world’s largest aluminium smelter on a single site, has signed a non-binding memorandum of understanding (MoU) with India-based Epsilon Carbon...
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Nithia Capital Acquires Topworth Urja for ₹3 Billion, Expands Long Steel Portfolio
Urja acquisition builds on Nithia’s earlier investments in Evonith Metallics Ltd and Evonith Value Steel Ltd, and follows the successful turnaround and exit from Crest Steel and Power Ltd, which was sold to Amalgam Steel. Nithia Capital and its investment holding arm Evonith Holdings have completed the acquisition of Topworth Urja & Metals for ₹3...
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CS TECH Ai Powers Khanij Online 2.0 Rollout for Transparent Mineral Governance in Chhattisgarh
Nagpur-based geospatial and engineering tech firm leads the digital overhaul of the central Indian state’s mining operations. Nagpur-based geospatial and engineering technology company, CS TECH Ai, has overseen the seamless launch of Chhattisgarh Infotech Promotion Society’s (CHiPS) Khanij Online 2.0 (KO 2.0) platform, marking a key milestone in India’s push for technology-led and transparent mineral...
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JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
JSW Paints will acquire up to 74.76 per cent of Akzo Nobel India for a maximum consideration of ₹89.86 billion, subject to closing adjustments. JSW Paints—the paints arm of the ₹23 trillion JSW Group—has entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel and its...
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Laying the concrete foundation for India’s economic triumph
The four pillars form the foundation for a prosperous and equitable future. The four pillars — infrastructure, investment, innovation, and inclusion — are the cornerstones of India’s economic success. They are not mutually exclusive but intricately connected, creating a powerful synergy that drives the nation forward, says Anil Banchhor, MD & CEO, RDC Concrete India Pvt...