ESIC approves Annual Accounts, CAG Report, and Annual Report for 2024-25 (See 'Corp Brief') Goyal inaugurates NEST-02 at Santacruz Electronics Export Processing Zone (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Steering Committee for PM Vishwakarma scheme approves several proposals (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') India's Food Revolution takes Centre Stage at Annapoorna Interfood 2025 (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') NBA releases Rs.6.2 Crore as Access and Benefit Sharing funds to beneficiaries in 5 States (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') Gati Shakti Vishwavidyalaya & Amazon sign MoU to promote Knowledge Sharing (See 'Corp Brief') India-EU Ideathon on Marine Plastic Pollution concluded (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk') 37 supercomputers with total computing power of 40 Petaflops deployed under NSM (See 'Corp Brief') Scindia highlights major expansion and modernisation of India Post Network (See 'Corp Brief') A&C - Objections to execution lie within narrow compass typically only where decree is inherently void or was rendered by a forum lacking jurisdiction and therefore cannot be used to frustrate final arbitral award: SC (See 'Legal Desk') Controller General inaugurates onboarding of MTNL Pensioners onto SAMPANN (See 'Corp Brief') Misc - Till matter is finally decided by trial court, subject matter of suit needs to be preserved: HC (See 'Legal Desk') PM-KUSUM registers Significant Progress: 10,203 MW Installed (See 'Corp Brief') Competition Law - If entities which participated in bid-rigging were cover bidders and not even present in relevant market, and their relevant turnover was nil, then their egregious nature of conduct attracts maximum penalty in terms of Sec 27(b): CCI (See 'Legal Desk') CCI okays proposed acquisition of certain stake in Schneider Electric India Pvt Ltd & Schneider Electric JV Holdings 2 Pte. Ltd. (See 'Corp Brief') CCI nod to proposed combination involving Curefit, Cultfit & Fitness First Luxembourg (See 'Corp Brief') SARFAESI - Provident fund dues must be paid out first from auction proceeds of defunct factory, ahead of claims of secured creditor (the bank), with remaining amounts to satisfy other debts: SC (See 'Legal Desk') India Post unveils Kerala's First Gen-Z Post Office Extension Counter at CMS College, Kottayam (See 'Corp Brief') Global Organic Market rises; India strengthens Exports with Revised NPOP (See 'Corp Brief') A&C - Mere use of term 'arbitration' in contractual clause does not by itself establish binding intent to arbitrate unless parties have clearly agreed to resolve their disputes through that process: SC (See 'Legal Desk') MOIL achieves Best-Ever November Production and Sales Performance (See 'Corp Brief') Power Minister commences COD of 250 MW 3rd Unit of Tehri Variable Speed PSP (See 'Corp Brief') Misc - Adequate treatment is available domestically, mere preference for foreign medical facility does not justify permitting accused facing serious economic-offence allegations to leave jurisdiction: HC (See 'Legal Desk') MoS flags Off Tirupati-Sainagar Shirdi Express (See 'Corp Brief') A&C - No party can invoke Section 11 after competent civil court has already rejected Section 8 application by holding that arbitration clause does not constitute arbitration agreement: HC (See 'Legal Desk') FAME outreach, Niveshak Didi scheme promoting safe banking practices: MoS (See 'Corp Brief') Rail Infra proposals Reviewed to Strengthen Integrated Logistics Network (See 'Corp Brief') IBC - Regulation 2B(3) will not justify unilateral forfeiture of entire Earnest Money Deposit, when scheme is rejected on technical grounds: IBBI (See 'Legal Desk') Smart Metering Adoption: 4.76 Crore Smart Meters installed (See 'Corp Brief') UDBHAV 2025: Telangana tops Medal Tally as Tribal Talent shines nationwide (See 'Corp Brief') PMLA - FIRs being fundamental documents based on which entire case was initiated by ED, failure to serve same is fatal omission on part of enforcement directorate: SAFEMA TRIBUNAL (See 'Legal Desk') Australia-India Education and Skills Council meeting to be held in New Delhi (See 'Corp Brief') RM appeals for generous contributions to Armed Forces Flag Day Fund (See 'Corp Brief') The Human Impact of Raipur-Vizag Corridor (See 'Corp Brief') A&C - Court's scope of inquiry u/s 11 is limited to prima facie examination of existence of arbitration agreement while adjudication u/s 8 is to be made for both existence & validity: HC (See 'Legal Desk') HM inaugurates newly-constructed Bio-CNG and Fertilizer Plant by Banas Dairy (See 'Corp Brief') NMDC signs MoU with IIT Kanpur to strengthen Cybersecurity (See 'Corp Brief') Misc - Decision of Lokpal cannot be challenged in judicial review if there is no procedural infirmity or irregularity in manner in which either CVC or Lokpal conducted inquiry: HC (See 'Legal Desk')

Print

Robust growth in production of Key Minerals & Metals in last 7 months

Published: Nov 29, 2024

By TIOLCorplaws News Service

NEW DELHI, NOV 29, 2024: PRODUCTION of some key minerals in the country has continued to witness strong growth during FY 2024-25 (April-October), after reaching record production levels in FY 2023-24. Iron ore accounts for 69% of the total MCDR mineral production by value. Production of iron ore was 274 million metric tonne (MMT) in FY 2023-24.

As per provisional data, production of iron ore has increased from 152.1 MMT in FY 2023-24 (April- October) to 158.4 MMT in FY 2024-25 (April-October), showing a healthy 4.1% growth. Production of manganese ore has risen by 11.1% to 2.0 MMT in FY 2024-25 (April- October) from 1.8 MMT during the corresponding period of previous year. Production of bauxite has risen by 11.3% to 13.8 MMT in FY 2024-25 (April- October) from 12.4 MMT in FY 2023-24 (April- October).

In the non-ferrous metal sector, primary aluminium production in FY2024-25 (April- October) posted a growth of 1.2% over the corresponding period last year, increasing to 24.46 lakh ton (LT) in FY2024-25 (April-October) from 24.17 LT in FY2023-24 (April-October). During the same comparative period, refined copper production has grown by 6.0% from 2.83 LT to 3.00 LT.

India is the 2 nd largest Aluminium producer, among top-10 producer in refined copper and 4th largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.