India plans to end iron ore leases of mines which have failed to start operations even after 7-8 months of auction

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India’s ministry of mines has proposed to terminate the iron ore leases of those working mines that have not started production even after 7-8 months of auction. Those mines  which have not maintained minimum dispatch for three consecutive quarters are also sought to be terminated from the lease. The mines ministry proposed to do so […]

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Origo to unveil e-auction platform in February; planning to cover three more states

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Gurugram-headquartered agri-tech startup Origo Commodities, primarily known for post-harvest agriculture supply chain management specialization, is getting ready to add major digital components to its operations before the end of the current fiscal. Speaking with indoasiancommodities, Sunoor Kaul, Co-Founder & Director of the firm said the company is all set to unveil a dedicated e-auction and […]

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Only 23 mines out of 38 on auction for commercial mining by Ministry of Coal receive bids

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The Union coal ministry has received offline bids for only 23 coal mines out of the 38 blocks offered for commercial coal auctions. As many as 46 companies have placed their bids physically for commercial coal mining, the government said. On 18 June, the government had launched the maiden auction for coal blocks, where private […]

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Bulk tea sees rise in consumption as well as price, despite Covid-19: ICRA

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Despite the COVID-19 pandemic that has created a demand-supply mismatch, the bulk tea industry has witnessed a sharp increase in both consumption as well as prices, according to a report by ratings agency, ICRA. The bulk tea companies, particularly of northern India are expected to report their best financial performance witnessed in recent history, mainly on the […]

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