NMDC diversifies into coal mining

State-owned iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal. Both the Rohne and Tokisud North blocks located in Hazaribagh district were allocated recently by the Ministry. The allocation was made under Section 5(1) of Coal Mines (Special Provisions) Act 2015 for […]

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Supreme Court approves ArcelorMittal’s acquisition of Essar Steel

The Supreme Court of India has unconditionally approved ArcelorMittal India Private Limited’s (AMIPL) resolution plan for Essar Steel India Limited (ESIL). Completion of the transaction is now expected before the end of the year. After completion, ArcelorMittal will jointly own and operate ESIL in partnership with Nippon Steel Corporation, Japan’s largest steel producer and the […]

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Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India

Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]

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Indian cabinet approves proposal for higher allocation of power to host states after NTPC power projects are complete

The Union Cabinet chaired by Prime Minister  Narendra Modi has approved the proposal of Ministry of Power to allocate 85 per cent power to the Government of Telangana generated from Telangana Super Thermal Power Project (4000MW) of NTPC Ltd. The cabinet also approved the allocation of 85 per cent power from expansion project of Patratu […]

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