Coal and Mines Ministry reviews National Mineral Exploration Trust

25 Sep 2023 CW Team

The Consultative Committee for the Ministry of Coal and Mines had convened at the Parliament House Annexe on September 19th to assess the performance of the National Mineral Exploration Trust (NMET). During the session, it was reported in a Ministry of Coal press release that Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi, had stressed the government's commitment to enhancing mineral exploration with the aim of achieving self-reliance in mineral production.

He mentioned that Joshi had highlighted the significance of India's recently published list of 30 Critical Minerals, emphasizing the ongoing efforts to expedite the auction process for these critical minerals within the country. The primary focus of the meeting was the "Performance of NMET concerning its role and responsibility in promoting exploration in the country." The Ministry of Mines, led by VL Kantha Rao, Secretary, provided the committee members with an overview of NMET's performance. It was pointed out that 25 percent of the project cost had been allocated as an incentive for deep-seated and Critical Mineral exploration. For the purpose of promoting mineral exploration, NMET had granted approval to 309 projects with a total value of Rs 21 billion for regional and detailed exploration across the country.

These projects were being carried out by various Notified Exploration Agencies and Notified Private Exploration Agencies (NEAs & NPEAs). Out of the 309 projects that had received approval, 151 had already been successfully completed, while the rest were still in progress. Additionally, eleven blocks had been auctioned by the respective State Governments, resulting in an approximate revenue of Rs 1.69 trillion for the country throughout the lifespan of the mines.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..