PM GatiShakti Group evaluates key Infrastructure projects (See 'Corp Brief') IBC - Waiver of rights under contract such as debenture trust deed cannot be implied if agreement explicitly requires such waiver to be in writing: SC (See 'Legal Desk') IBC - Manner in which bank classifies loan as non-performing asset for accounting or provisioning purposes does not determine IBC, if debt was restructured and acknowledged in fresh agreements: SC (See 'Legal Desk') IBC - corporate restructuring under IBC must be prioritized over stalled and ineffective proceedings under Companies Act to protect public funds and larger economic interest: SC (See 'Legal Desk') IBC - NCLT can't Reject Sec 7 application citing corporate debtor's financial health, once twin requirements of debt & default are established: SC LB (See 'Legal Desk') Misc - civil suit cannot be rejected at threshold under Order VII Rule 11 of CPC merely because it contains ground of coercion, undue influence or misrepresentation: SC (See 'Legal Desk') NI Act - Sec 138 of Negotiable Instruments Act pertaining to cheque dishonor apply only when payment fails because of lack of funds: HC (See 'Legal Desk') SEBI - Principles of natural justice required disclosure of the names and basic details of the complainants, as the adjudication would entail civil consequences: SAT (See 'Legal Desk') India, Kenya hold Working Group Meeting on Agriculture through Virtual Mode (See 'Corp Brief') NIFTEM-K to organise Global Platform with Participation from 25 Countries (See 'Corp Brief') IBC - Moratorium u/s 14 of IBC is intended to preserve debtor's estate from creditor actions aimed at debt recovery, but does not interdict sovereign proceedings in rem for attachment or confiscation under Benami Act: SC (See 'Legal Desk') ESIC commences 75th Foundation Year Celebrations (See 'Corp Brief') Misc - Telecom operator is liable to pay reserve price fixed for November 2012, 2G spectrum auction from February 2, 2012, date on which its licence stood quashed: SC (See 'Legal Desk') Stakeholder Consultation held for inputs on proposed Advanced Manufacturing Systems Mission (See 'Corp Brief') IPR - Registration of Device Mark is to be considered as whole and while determining deceptive similarity with another Trade Mark: HC (See 'Legal Desk') Biotechnology will power next industrial revolution: MoS (See 'Corp Brief') IPR - Trademark could not be removed simply for non-use: HC (See 'Legal Desk') Union Minister inaugurates Special Handloom Expo (See 'Corp Brief') India, Brazil sign TKDL Access Agreement for protection of Patent (See 'Corp Brief') Memorandum of Cooperation signed between Digital Bharat Nidhi and AP (See 'Corp Brief') IPR - Registered mark is liable to be removed if not used for continuous period of five years & three months prior to filing of petition, unless special circumstances are shown: HC (See 'Legal Desk') Footwear Design and Development Institute celebrates 5th Convocation Ceremony (See 'Corp Brief') 96% houses under PMAY-U 2.0 allotted for women (See 'Corp Brief') SEBI - Adjudication proceedings are nullified where the noticee has ceased to exist on account of being struck off the RoC: SEBI (See 'Legal Desk') India-Brazil MoU signed to Deepen MSME Cooperation (See 'Corp Brief') IFSCA-IICA unveil Strategic Roadmap to institutionalize Corporate Governance Ecosystem at GIFT-IFSC (See 'Corp Brief') Grant support extended to 5 Innovators under CSR-backed Programme (See 'Corp Brief') Misc - Notice u/s 91 of CrPC cannot be issued to accused person to compel them to furnish information that is based on their personal knowledge: HC (See 'Legal Desk') MoS holds bilateral Talks with Rwanda ICT Minister (See 'Corp Brief') India, Brazil sign MoU to strengthen and secure steel supply chain (See 'Corp Brief') Misc - SICA - failure to repay dues or subsequent financial incapacity cannot constitute cheating in he absence of fraudulent intent at time of inducement: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Print

Robust Growth in Production of Key Minerals and Aluminium Metal in May month

Published: Jun 29, 2024

By TIOLCorplaws News Service

NEW DELHI, JUNE 29, 2024: IRON ore and Limestone together account for about 80% of the total MCDR mineral production by value. These key minerals exhibited record production levels in FY 2023-24, with production of iron ore at 275 million metric ton (MMT) and limestone at 450 MMT in FY 2023-24.

Continuing the trend, the production of these key minerals in the country has exhibited robust growth in FY 2024-25 (April-May) as per provisional figures. Production of iron ore has increased from 50 MMT in FY 2023-24 (April-May) to 52 MMT in FY 2024-25 (April-May), with 4% growth. Production of limestone has increased from 77 MMT in FY 2023-24 (April-May) to 79 MMT in FY 2024-25 (April-May), with 2.6% growth. The production of manganese ore has jumped by 16.7% over corresponding period previous year with a production of 0.7 MMT in FY 2024-25 (April-May).

In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-May) posted a growth of 1.2% over the corresponding period last year, increasing to 6.98 lakh ton (LT) in FY 2024-25 (April-May) from 6.90 LT in FY 2023-24 (April-May).

India is the 2 nd largest Aluminium producer, 3 rd largest lime producer and 4 th largest iron ore producer in the world. Continued growth in production of iron ore and limestone in the current financial year reflects the robust demand conditions in the user industries viz. steel and cement. Coupled with growth in Aluminium, 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.