Roadshow on First-ever Offshore Areas Mineral Blocks Auction held in Gujarat (See 'Corp Brief') House Panel discusses on Green Initiatives of Coal Sector (See 'Corp Brief') TRAI releases recommendations on assignment of addl spectrum to Railways (See 'Corp Brief') ADB's USD 350 mn policy-based loan aim to expand India's manufacturing sector (See 'Corp Brief') DRDO, IIT Delhi & Industry sign 10 tripartite agreements (See 'Corp Brief') India partners with France to establish Yuga Yugeen Bharat National Museum (See 'Corp Brief') SARFAESI - Obtaining in-principle approval from company's shareholders, as required u/s 62(1)(c) of Companies Act, 2013, is mandatory before allotting shares to any person: SC (See 'Legal Desk') 11th Round of Commercial Coal Mine Auctions: Pre-Bid Meeting Conducted (See 'Corp Brief') IBC - Karnataka HC refrains operational creditors from proceeding with CoC against corporate debtors, finding that NCLT has resumed hearings which was pending vide interim order: HC (See 'Legal Desk') Mandaviya Chairs 195th Meeting of ESIC (See 'Corp Brief') IPR - Once it is concluded that claims are patent ineligible, it is not necessary to deal with other grounds of decision, such as lack of inventive step: HC (See 'Legal Desk') PLI scheme for automobile given budgetary outlay of 25,938 Cr: Govt (See 'Corp Brief') Capital Market - SEBI can't initiate proceeding as soon as Suspicious Transaction Report is issued from financial intelligence unit without getting it analysed: SEBI (See 'Legal Desk') Govt reviews progress to transform India's regulatory ecosystem for medical products (See 'Corp Brief') PMLA - Apex Court grants bail to former West Bengal Education Minister and MLA Partha Chatterjee in money laundering case arising out of recruitment scam: SC (See 'Legal Desk') Council for Leather Exports presents National Export Excellence Awards (See 'Corp Brief') A&C - There cannot be 'optional' arbitration, where parties are required to mutually agree to invoke arbitration clause: SC (See 'Legal Desk') EPFO urges employers to upload wage details till 31st Jan, 2025 (See 'Corp Brief') A&C - Dispute related to wages and termination of employee are non-arbitrable and can be exclusively dealt with by statutory authorities established under Payment of Wages Act and Industrial Disputes Act: SC (See 'Legal Desk') Ministry of Mines webinar on India's First-ever Offshore Areas Mineral Blocks Auction (See 'Corp Brief') SARFAESI - Mere procedural irregularity or deviation from rules are no grounds to set aside confirmed sale, unless such errors are fundamental in nature: SC (See 'Legal Desk') Grant of Classical Language Status to 5 languages shows our commitment: Minister (See 'Corp Brief') SARFAESI - Right to maintenance is equivalent to fundamental right and shall have overriding effect over statutory rights of creditors: SC (See 'Legal Desk') DPIIT inks MoU with Tally Solutions to mentor manufacturing startups (See 'Corp Brief') A&C - Sec 14 of Limitation Act is applicable to Arbitration and Conciliation Act: SC (See 'Legal Desk') India's Multiple Transitions: Financing a big Investment Push (See 'Corp Brief') Misc - No finding, sentence, or order by Special Judge shall be reversed by Court of appeal on ground of absence, error, omission or irregularity in sanction under Prevention of Corruption Act: SC (See 'Legal Desk') CCI okays acquisition of stake of Speed JVco S.a r.l. (Target) by Ramon Investments (See 'Corp Brief') Misc - Absence of specific prayer seeking transfer of possession has no bearing on character of suit, which is one covered by Sec 16(d) of CPC, when transfer of possession of suit property is implicit in contract: SC (See 'Legal Desk') DPIIT conducts over 1,300 programs to foster deeper understanding of IPRs (See 'Corp Brief') Misc - Liability for payment of compensation under NI Act, pending appeal, can only be fastened upon drawer of cheque, and not on company's official who acted as authorized signatory: SC (See 'Legal Desk') IBC amended six times to strengthen process of Insolvency Resolution: Govt (See 'Corp Brief') Misc - Highest bidder in Notice Inviting Tender cannot have vested right to have auction concluded in his favor: SC (See 'Legal Desk')

Print

Minister inaugurates HCL's Surda Mine Operations

Published: Oct 07, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 07, 2024: UNION Minister of State for Coal and Mines, Satish Chandra Dubey inaugurated the resumption of Surda Mine operations on Saturday. Minister of Water Resources Department, Higher Education and Technical Education, Government of Jharkhand, Ramdas Soren, Member of Parliament from Jamshedpur, Bidyut Varan Mahato, CMD, HCL Ghanshyam Sharma, Joint Secretary, Ministry of Mines, Vivek Kumar Bajpai and senior officials from Central and State Government were present on the occasion.

Satish Chandra Dubey in his address said that resumption of Surda Mine operation is a significant step towards making the nation self reliant in copper. Surda Mine operation will generate employment, revive the local economy and generate about Rs 100 Cr revenue per annum. HCL has plans to enhance the mining capacity of Surda mine from the current level of 0.4 mtpa to 0.9 mtpa in the next seven years. Jharkhand Cabinet has approved lease extension for the Kendadih and Rakha mines recently. Reopening of Kendadih and Rakha mines is on the cards this year which will lead to 2000 direct employment and 10,000 indirect employment among the local populace and triple the production of Indian Copper Complex.

Ghanshyam Sharma, CMD, Hindustan Copper Ltd, said that resumption of Surda mine operation will provide direct employment to around 1100 and indirect employment to about 5000 among the local populace. This will also increase CSR and welfare activities in and around the neighbouring villages. A Capital investment of Rs 50 Crore will be made by HCL for mining operation during the Fiscal Year 2024-25.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.