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...
Category: Materials
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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...
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Opinion: Growth momentum in steel to continue into FY2022
The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
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Secondary steel sector to play key role in achieving NSP targets
Minister of State for Steel, Faggan Singh Kulaste has said that the secondary steel sector will play an important role in achieving the 300 million tonne (MT) target of steel capacity by 2030-31, as laid out in the National Steel Policy-2017.