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Mines Department Earns A Record Rs 46,000 Crore From Limestone Auctions

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During the 50-year lease, the mines department auctioned four limestone blocks, collecting a record sum of Rs 46,000 crore.

This is one of the greatest auction receipts in the country after the MMDR Act was amended in 2015. The mineral blocks, two in Nagaur and two in Jhunjhunu, received a premium of 185%.

Subodh Agarwal, assistant chief secretary for mines and petroleum, stated that the auctions took place between January 24 and 28. He stated that Dalmia Cement won the bid providing a premium of 192 percent against a reserve price of 51.50 percent for the Parshuram Gothra East block encompassing 460 hectares in Jhunjhunu.

The block is expected to hold 158 million tonnes of limestone deposits. During the 50-year lease, the state would get Rs 13,243 crore in revenue, in addition to Rs 1,419 crore in royalty, DMFT, and other contributions. According to Agarwal, this is the highest premium obtained at any auction in the country. The state will get revenues of Rs 3,277 crore from the Nagaur block. Pamod Jain Bhaya, mines and petroleum minister, said the record premiums are the result of a transparent auction conducted on the portal of the central government.

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thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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