Indian Mineral Production records positive growth in April 2023

24 Jul 2023 CW Team

Based on the Indian Bureau of Mines (IBM) data, the mineral production index for the mining and quarrying sector in April 2023 reached 122.5, indicating a noteworthy 5.1 per cent increase from April 2022. The cumulative growth from April 2022 to April 2023 compared to the previous year displayed a promising rise of 5.8 per cent.

In April 2023, coal production reached its peak at 73.1 million metric tonnes (MT), followed by lignite at 3.2 MT, and natural gas (utilised) at 2,671 million cubic meters.

Additionally, there were notable quantities of other minerals produced in April 2023. Crude petroleum accounted for 2.4 MT, iron ore saw 24.7 MT, limestone stood at 38.6 MT, and bauxite at 1.5 MT.

Some minerals exhibited impressive positive growth during this period. Phosphorite production experienced a significant increase of 29.1 per cent, reaching 162,000 tonnes. Magnesite followed suit with a growth rate of 27.7 per cent, totalling 10,000 tonnes, while iron ore saw a growth of 13.1 per cent.

Other minerals that displayed positive growth included limestone at 12.7 per cent, copper concentrate at 12 per cent (9,000 tonnes), lead concentrate at 10.6 per cent (29,000 tonnes), coal at 8.8 per cent, manganese ore at 6.9 per cent (265,000 tonnes), and zinc concentrate at 4.1 per cent (130,000 tonnes).

On the contrary, despite being among the highest producers, lignite experienced a decline of 21.2 per cent in April 2023. Chromite production also witnessed a significant drop of 40.1 per cent, amounting to 273,000 tonnes. Bauxite production declined by 24.7 per cent, and gold production was down by 8.1 per cent (102 kg).

Furthermore, crude petroleum production decreased by 3.6 per cent, and natural gas (utilised) went down by 2.8 per cent. Lastly, it's worth mentioning that there were also smaller quantities of lead concentrate at 29,000 tonnes and two carats of diamond produced during this period.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..