In line with its plans to open up the country’s coal sector, the government has called meetings with various stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining. This meeting will be held in Kolkata and Mumbai on January 28 and 29, respectively, the coal ministry said
Birla Corporation is increasing its total cement manufacturing capacity in the next three years to around 20 million tonne per annum (mtpa), spread across western, northern and central India.
It is constructing a 3.9 mtpa factory, along with a 40 Mw power plant and a 10.6 Mw waste-heat recovery one, at Mukutban in Maharashtra. The investment is Rs 2,450 crore and this should be commissioned by the second quarter of 2021-22. It will take the company’s installed capacity from the existing 15.58 to 19.48 mtpa.
The Confederation of Indian Industry (CII) has urged the government to extend the income limit under Pradhan Mantri Awas Yojana (PMAY) to benefit a wider section of society.
The CII suggested that the government should consider increasing the income criteria under the PMAY to Rs. 18 lakh and Rs. 25 lakh from the current Rs. 12 lakh and Rs. 18 lakh in the middle income group (MIG) I and ll categories.
It also recommended a focused action plan to boost the real estate sector as part of its pre-budget recommendations.
Hari Mohan Bangur, Managing Director of Shree Cement, unfolds his plans and his take on the economic situation in the country.
While talking about the expansion strategy and the target in the coming few years, he said, the company’s current installed capacity is 41.9 million tonnes per annum (mtpa) and likely to reach at least 55 mtpa by March 2023. It would go up further to 75-80 mtpa in the next six years. He further added that for the next three years, the capex will be Rs 9,000 crore.
The top Indian philanthropists have launched India Climate Collaborative (ICC), aimed at connecting and strengthening the Indian climate community. This marks the first ever collective response by Indian industry leaders, such as Ratan N Tata, Anand Mahindra, Rohini Nilekani, Nadir Godrej, Aditi and Rishad Premji, Vidya Shah, and Hemendra Kothari, for an effective action “towards a shared climate goal”.