+
CAG Highlights Poor Exploration Performance by Hindustan Copper
COAL & MINING

CAG Highlights Poor Exploration Performance by Hindustan Copper

The Comptroller and Auditor General (CAG) of India has raised concerns over the inadequate exploration efforts by state-owned Hindustan Copper Limited (HCL).

In an audit report on HCL's operational performance presented in Parliament this week, the CAG pointed out that the company had not undertaken any greenfield exploration in the last three decades. Since 2010, HCL had submitted only eight applications for greenfield exploration, none of which had been approved by the Ministry of Mines. Despite being designated as a "notified exploration agency," the company has not made significant progress in greenfield exploration activities. Additionally, the report revealed that HCL lacks a specific policy or guidelines for exploring its existing copper mines.

The Comptroller and Auditor General (CAG) of India has raised concerns over the inadequate exploration efforts by state-owned Hindustan Copper Limited (HCL). In an audit report on HCL's operational performance presented in Parliament this week, the CAG pointed out that the company had not undertaken any greenfield exploration in the last three decades. Since 2010, HCL had submitted only eight applications for greenfield exploration, none of which had been approved by the Ministry of Mines. Despite being designated as a notified exploration agency, the company has not made significant progress in greenfield exploration activities. Additionally, the report revealed that HCL lacks a specific policy or guidelines for exploring its existing copper mines.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?