Hindustan Zinc, Jindal Power vie for Rajasthan Gold Mines

17 May 2024 CW Team

Several prominent Indian firms including Hindustan Zinc, Jindal Power, and JK Cement are competing for the rights to operate two gold mines in Rajasthan. This competitive bidding process, overseen by the Rajasthan government, highlights growing interest in India's mining sector despite regulatory and operational challenges.

The auction, facilitated under the Mines and Minerals (Development and Regulation) Act, aims to allocate mining rights for the Bhukia and Khetri mines in Rajasthan. These mines are estimated to hold significant reserves of gold, attracting bids from major players in the metals and mining industry.

Hindustan Zinc, a subsidiary of Vedanta Resources, is known for its expertise in base metal mining and has expressed interest in expanding its portfolio to include precious metals. Jindal Power, part of the O.P. Jindal Group, aims to diversify its energy-focused business into mining, leveraging its operational capabilities and financial strength.

JK Cement, a leading player in the cement industry, seeks to secure access to raw materials through vertical integration strategies. The company's participation underscores its strategic intent to strengthen its supply chain and reduce dependency on external sources.

The outcome of the bidding process is anticipated to enhance Rajasthan's mining sector, boost local employment opportunities, and stimulate economic growth in the region. Successful bidders will be expected to adhere to stringent environmental and social responsibility standards while contributing to the state's revenue generation through royalties and taxes.

As the auction progresses, stakeholders await the final decision, which will shape the future landscape of gold mining in Rajasthan and contribute to India's mineral resource development goals.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..