MOIL Achieves Record September Production and Strong Q2 Performance
MOIL posted its best-ever September production of 1.52 lakh tonnes, up 3.8 per cent from the same period last year, reflecting robust operational performance. Exploratory core drilling also surged to 5,314 metre, a 46 per cent increase, highlighting the company’s focus on expanding its resource base.For Q2 FY26 (July–September 2025), MOIL achieved record quarterly production of 4.42 lakh tonnes, up 10.3 per cent year-on-year, and sales of 3.53 lakh tonne, growing 18.6 per cent over the same quarter last year. Exploratory drilling for the quarter reached 21,035 metre, marking a 4.1 per cent..
Tata Steel Faces Rs 24.11-Bn Demand from Odisha Authorities
Shares of Tata Steel came under pressure as the company faces a fresh financial demand of Rs 24.11 billion from Odisha authorities. The claim arises from alleged shortfalls in dispatch obligations at the company’s Sukinda mine under the Mine Development and Production Agreement (MDPA). Authorities have included both the asserted sale value of the shortfall and the appropriation of performance security under Rule 12A of the Minerals Concession Rules, 2016.Tata Steel has disputed the demand, stating that it has substantial grounds to challenge it legally. In a statement, the company said, “T..
ECMS to Boost India’s Local Electronics Value Addition to 40%
India’s first Electronics Component Manufacturing Scheme (ECMS) is poised to double local value addition in the production of finished electronic goods to 35–40 per cent over the next five years, according to industry body Elcina.The scheme has attracted record investment proposals worth Rs 1.15 trillion, more than double the initial target of Rs 590 billion. A total of 249 companies have submitted applications, which will undergo screening before approval.Elcina Secretary General Rajoo Goel said, “This is a game changer for India’s electronics ecosystem, boosting value addition from t..
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