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Ministry of Mines Auctions 8 Strategic Mineral Blocks Under Tranche IV

The latest auction includes graphite, vanadium, tungsten, and cobalt blocks

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The Ministry of Mines has successfully auctioned eight critical and strategic mineral blocks across five states under Tranche IV of its mineral auctions, bringing the total number of auctioned blocks to 22. Launched on June 24, 2024, Tranche IV initially offered 21 mineral blocks, with ten progressing to the second round of e-auctions, and eight blocks awarded.

The blocks auctioned are located in Andhra Pradesh, Arunachal Pradesh, Karnataka, Tamil Nadu, and Uttar Pradesh. Notably, four blocks from the North-East region, including Arunachal Pradesh, were auctioned for the first time, signaling an expansion of India’s mining frontier.

Key minerals in this auction include graphite and vanadium, essential for energy storage and green technologies, as well as tungsten and cobalt, which are vital for high-tech and defense applications. The auction saw active participation from major companies such as Hindustan Zinc, Vedanta, Mamco Mining Private, Oil India, and Orissa Metaliks, with premiums ranging from 2.55% to 320%.

The remaining two blocks from Tranche IV will be auctioned by December 2, 2024.

Earlier this year, the ministry launched its third tranche of auctions, granting concessions for seven mineral blocks across five states. These included minerals critical for energy transition, such as lithium, nickel, and Rare Earth Elements (REEs). The government also amended the Mines and Minerals (Development and Regulation) Act, 1957, setting reduced royalty rates for lithium, niobium, and REEs.

India’s growing focus on critical minerals aligns with its push towards clean energy and electric vehicle development. The government’s first-ever report on “Critical Minerals for India” identified 30 minerals essential for advancing renewable technologies, further highlighting the strategic importance of these auctions.

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Star Cement launches ‘Star Smart Building Solutions’

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Nuvoco Vistas reports record quarterly EBITDA

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

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UltraTech Cement increases capacity by 1.4Mt/yr

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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