India signs MoU with IEA for cooperation on critical minerals

15 Nov 2024 CW Team

India’s Ministry of Mines has entered into a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to boost collaboration in the critical minerals sector, focusing on data sharing, policy recommendations, and resource management. This MoU aims to support India’s strategic decision-making and improve resource management in line with global standards, according to the ministry.

The agreement was signed by V L Kantha Rao, Secretary of the Ministry of Mines, and Dr Fatih Birol, Executive Director of the IEA, an agency under the OECD. The signing ceremony, held at Shastri Bhawan in New Delhi, was attended by Union Minister of Mines G Kishan Reddy.

“This partnership will provide India with reliable data, analysis, and policy insights in the critical minerals sector, helping to streamline policies, regulations, and investment strategies,” the ministry said.

Under the MoU, the Ministry of Mines and IEA will collaborate on capacity building, data collection, modelling, and analysis, with plans for joint research projects, workshops, and training programs. These initiatives will focus on advancing technology, improving extraction techniques, and developing recycling methods for critical minerals.

The Union Cabinet approved the MoU on October 3, 2024. The formal exchange of the document was conducted by Joint Secretary Vivek Kumar Bajpai and Tae-Yoon Kim, Head of Energy Minerals Analysis at the IEA.

The ministry highlighted that the MoU represents a major step toward securing India’s critical mineral resources and aligning national policies with international best practices.

(ET)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..