Author: Business Jharkhand

Ranchi: A high-level meeting was held between senior officials of the State Government, Ministry of Coal, Coal India, and its subsidiary units in the presence of Chief Minister Hemant Soren and Union Coal Minister G. Kishan Reddy. The meeting focused on various issues related to coal mining and their solutions. During the meeting at the Chief Minister’s residential office, the Chief Minister emphasized the need for better collaboration between the Central and State Governments in areas like Coal Mining, Production, Transportation, Land Acquisition Compensation, Displacement, DMFT funds, and CSR activities. He mentioned that resolving coal mining-related problems will help change…

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Raigarh: The TinkrHat STEM School project has been launched at the Government Primary School in Kodkel with the support of Hindalco CSR and TinkrHat Innovation Foundation (TIF). The event was graced by the presence of District Education Officer Dr. K. V. Rao, Block Education Officer Monika Gupta, Village Sarpanch Ms. Ramila Rohit Sidar, School Committee President Suresh Sidar, Hindalco HR Head Prem Kumar Singh, and senior citizens from the Kodkel village. Through this initiative, primary school children will have the opportunity to learn the principles of Science, Technology, Engineering, Arts, and Mathematics (STEAM) in an interactive and fun way. District…

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The Jharkhand Revenue, Registration, and Land Reforms Department has launched a comprehensive review of all mining leases in the State to ensure adherence to regulations. The investigation will focus on verifying the clarity of consideration amounts in lease registrations, proper execution by authorized Government representatives, and compliance with stamp duty and registration fees. Inspectors will also examine documents related to cooperative societies and other entities. Any discrepancies will prompt corrective actions, addressing concerns raised by the Accountant General regarding irregularities. This initiative is part of the Government’s push to enhance transparency, curb corruption, and boost revenue collection in the mining…

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Highlights Phase-1 Commissioning Timeline: PVUNL’s 2,400 MW Phase-1 project, comprising three units of 800 MW each, will commence operations in 2025. The first unit is set to begin commercial power generation by January, the second by September, and the third by December. Power Allocation to Jharkhand: As per the MoU between NTPC and JBVNL, 85% of the generated power will be allocated to Jharkhand, ensuring affordable and reliable electricity for the State. Phase-2 Expansion Plans: Preparations are underway for Phase-2, which will add an additional 1,600 MW (2×800 MW) capacity, further bolstering the region’s power generation capabilities. Coal Supply from…

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The Government of India will launch another phase of the Production-Linked Incentive (PLI) scheme for the Steel sector on Monday. Union Steel Minister H.D. Kumaraswamy will officially kick off the ‘PLI Scheme 1.1’ and invite applications starting from 6th January. The Ministry of Steel stated that the new round of the scheme aims to boost domestic production of special steels, attract capital investment, and reduce imports. The Government had earlier launched a PLI scheme specifically for special steels, which has already attracted investments worth Rs. 27,106 crore. This investment is expected to lead to the production of 79 lakh tones…

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Jharkhand is all set to auction six mineral blocks located in the districts of Seraikela-Kharsawan, Giridih, and Palamu. The Mining and Geology Department has completed the auction process for these blocks. Among these, three gold mineral blocks are located in Seraikela-Kharsawan, one graphite block in Palamu, and one copper and one base metal block in Giridih. Jharkhand is one of the leading States in the country in copper mineral reserves, contributing 21% to the national copper production. The auction is expected to generate significant revenue for the state government and provide employment opportunities through the establishment of mineral-based industries. Mineral…

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The Coal sector has achieved a remarkable growth of 7.5% in November 2024, leading the performance of the eight core industries. According to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce and Industry, the Coal sector reached 199.6 points in November 2024, shown a 7.5% (provisional) increase compared to 185.7 points in November 2023. Between April and November 2024, the Coal industry’s index reached 172.9 points, up from 162.5 points during the same period last year, marking the highest growth of 6.4% among all eight core industries. The ICI measures both the combined and individual…

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Hindalco Industries Limited distributed blankets to the needy villagers of the Pakhar Bauxite Mines area on Sunday as part of its CSR initiative. Hindalco officials stated that, in view of the increasing cold wave in the area, blankets were distributed among the villagers of Sarnapat, Banglapat, Dumarpat, Pokharpat, Hurhad, Nawatoli, Buchi Tand, Dahrbati, Pakhar, Deepatoli, Semarkhad Ambakona, and other surrounding areas to provide relief from the biting cold. The event was conducted under the guidance of CSR Head Neeraj Kumar and Shweta Upadhyay at the Pakhar Mines in Lohardaga. Hindalco officials, including Manager Jitendra Kumar, Sanjay Singh, Anil Singh, Satyavrat Behera, Birendra…

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In a groundbreaking development for India’s mining industry, a successful trial of the digital Dozer Push Mining technology was conducted at the Parsa East Kete Basan (PEKB) mine in Chhattisgarh’s Udaipur block, led by Adani Natural Resources. This trial, guided by CSIR and CIMFR, marks a major milestone towards autonomous digital mining, with the aim of enhancing productivity and safety. The innovative Dozer Push Mining method uses an unmanned automated drill to perform cast blasting, followed by the use of a specially designed large dozer machine to move the blasted material to designated areas. This technology aims to overcome challenges…

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East Singhbhum, Jharkhand: Production and mining development activities at Hindustan Copper Limited’s (HCL) Kendadih Mines had stopped after the lease expired on 31st July, 2023. However, in September, following the initiative of Education Minister Ramdas Soren, Chief Minister Hemant Soren brought a proposal to the Cabinet, securing a 20-year lease for both Kendadih and Rakha mines for HCL. Despite this, mining operations, including ore extraction and transportation, remained suspended due to the lack of full environmental clearance for the entire lease area. Now, progress seems imminent as efforts are underway to resolve the environmental clearance issue. The total lease area…

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