Nalco plans Rs 30,000-cr investment for expansion, diversification by FY28

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State-run aluminium maker Nalco will invest around Rs 30,000 crore by financial year 2027-28 on various expansion and diversification plans. Of this proposed investment, the company will spend over Rs 7,000 crore on a fifth refinery, development of Pottangi bauxite mines and transportation and Utkal D&E coal mines. The remaining Rs 22,000 crore will be […]

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Federation of Indian Mineral Industries seeks waiver of 15% duty on bauxite exports

As exports of non-plant grade bauxite from the country are losing traction in the international market, Federation of Indian Mineral Industries (FIMI) has sought exemption of 15 per cent duty levied on export shipments. The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties. This intervention by the government will […]

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India impose high retaliatory import duties on pulses, steel and iron products from the US

India has raised customs tariff on 29 products, including pulses and iron and steel products, imported from the US as a retaliatory action against the tariff hike by Washington. The duty hike would come into effect immediately for 28 products, while for Artemia, a kind of shrimp, the rate hike would be effective from August […]

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