Mining major Vedanta Ltd returns back to profit, reports Rs 4,352 cr profit in Q2FY25
Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.
Mining major Vedanta to invest Rs 1 lakh cr in Odisha
Mumbai: Vedanta, a major player in metals and mining, announced plans on Friday to invest Rs 1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant, media reports said.
Vedanta shares surge 3% to hit record high, up 100% in CY24
Mumbai/IBNS: Shares of mining giant Vedanta continued their impressive rally on Friday (Sept. 27), marking gains for the fifth consecutive trading session.
Govt to boost India's critical minerals self-reliance with financial incentives
New Delhi: The government announced on Wednesday its plans to introduce financial incentives for the development of critical minerals, including lithium, as part of its National Critical Minerals Mission.
Coal India to explore lithium blocks in Argentina in collab with US company: Report
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Govt planning to conduct another round of auction for J&K lithium reserves
New Delhi: The Central government is planning to conduct another auction for lithium reserves in Jammu and Kashmir as part of a third round, media reported citing sources.
India's mineral production grows 6% YoY in Jan 2024
New Delhi: India’s mineral production of the mining and quarrying sector grew by 5.9% for the month of January, 2024 compared to the month of January, 2023.
Three mines up for bids on second day of commercial coal mine auctions
New Delhi: On the second day of auctions under the 9th round and 8th round, three mines were put up for auctions for commercial mining, the Ministry of Coal said on Wednesday.
Coal India reports record coal prodn of 704 MT till March
New Delhi: Coal India Limited (CIL) achieved a record production of 703.91 million tonnes (MT) of coal up to March 7 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 day, Ministry of Coal said.
Bids for 9th round and second attempt of 7th round of commercial coal mines’ auction opened today
New Delhi: The coal ministry Tuesday opened the bids for the 9th round and second attempt of the 7th round of commercial coal mines’ auction, which was launched on December 20, 2023.
Mukesh Agrawal appointed Coal India’s new Director (Finance)
Kolkata: Mukesh Agrawal took over as Director (Finance) of Coal India Limited (CIL), the Maharatna public sector coal mining monolith, on Thursday.
Scania India designates PPS Motors sole representative for its mining tippers in India
Kolkata/ Hyderabad: Scania Commercial Vehicles Pvt Ltd has entered into an exclusive partnership with PPS Motors, designating the company as the sole representative for Scania's mining tippers in India, according to a press release.
India to launch first-ever tranche of critical and strategic minerals auction on Wednesday
New Delhi: India's Ministry of Mines will launch the first tranche auction of critical and strategic minerals on Wednesday, an official press release said.
Mines Ministry to support start-ups, MSMEs for research in mineral processing
New Delhi: The Mines Ministry would invite proposals from start-ups, MSMEs and individual innovators to promote research and innovation in mining and mineral processing, according to a statement on Wednesday.
Vedanta Group sets up new unit in Saudi Arabia for copper business
Mining multinational Vedanta group has expanded its business with Malco Energy Ltd, its subsidiary, setting up a new establishment in Saudi Arabia for copper business for SAR (Saudi riyal) 1,00,000, media reports said.