KABIL, CAMYEN SE join forces for India's 1st lithium mining project

19 Jan 2024 CW Team

This marks the inaugural lithium exploration and mining project undertaken by a government company in India, emphasising the government's commitment to acquiring technical and operational expertise in brine-type lithium exploration, exploitation, and extraction.

The lithium-rich brines, situated in Argentina's Catamarca province and spanning an area of approximately 15,703 hectares, form the focal point of the project, which is estimated to cost around Rs 2 billion ($24 million), according to a statement by KABIL.

In contrast to traditional mining methods, brines containing lithium, sourced from salt flats or underground reservoirs, will be pumped to the surface. Subsequently, these brines will be spread in expansive shallow ponds for evaporation, enhancing the lithium concentration before undergoing extraction processes.

KABIL, a government entity dedicated to identifying, acquiring, developing, processing, and commercially utilising strategic minerals abroad for supply in India, plans to establish a branch office in Catamarca, Argentina.

Argentina, being a part of the "Lithium Triangle" along with Chile and Bolivia, boasts more than half of the world's lithium resources. Recognising lithium's strategic significance in the shift towards a greener economy, the Indian government aims to secure its own lithium supply, especially after discovering substantial lithium deposits in Rajasthan in May of the previous year. These domestic deposits are anticipated to fulfill 80% of India's lithium demand.

As part of the government's commitment to green technology, the Ministry of Heavy Industries is actively establishing 50 GWh of Advanced Chemistry Cell (ACC) capacity for energy storage under the Performance Linked Incentives program. With 30 GWh already allocated, the ministry recently announced its intention to re-issue a tender for manufacturing the remaining unallocated 20 GWh. The move aligns with projections from a World Bank report indicating a 500% increase in global demand for lithium by 2050.

Khanij Bidesh India (KABIL) has inked a deal with Catamarca Minera Y Energetica Sociedad Del Estado (CAMYEN SE), a mining company based in Argentina, to collaborate on the exploration and development of five lithium brine blocks. This initiative is a crucial step for India to secure a stable supply of lithium, a vital component in batteries for various applications, including electric vehicles and smartphones. This marks the inaugural lithium exploration and mining project undertaken by a government company in India, emphasising the government's commitment to acquiring technical and operational expertise in brine-type lithium exploration, exploitation, and extraction. The lithium-rich brines, situated in Argentina's Catamarca province and spanning an area of approximately 15,703 hectares, form the focal point of the project, which is estimated to cost around Rs 2 billion ($24 million), according to a statement by KABIL. In contrast to traditional mining methods, brines containing lithium, sourced from salt flats or underground reservoirs, will be pumped to the surface. Subsequently, these brines will be spread in expansive shallow ponds for evaporation, enhancing the lithium concentration before undergoing extraction processes. KABIL, a government entity dedicated to identifying, acquiring, developing, processing, and commercially utilising strategic minerals abroad for supply in India, plans to establish a branch office in Catamarca, Argentina. Argentina, being a part of the Lithium Triangle along with Chile and Bolivia, boasts more than half of the world's lithium resources. Recognising lithium's strategic significance in the shift towards a greener economy, the Indian government aims to secure its own lithium supply, especially after discovering substantial lithium deposits in Rajasthan in May of the previous year. These domestic deposits are anticipated to fulfill 80% of India's lithium demand. As part of the government's commitment to green technology, the Ministry of Heavy Industries is actively establishing 50 GWh of Advanced Chemistry Cell (ACC) capacity for energy storage under the Performance Linked Incentives program. With 30 GWh already allocated, the ministry recently announced its intention to re-issue a tender for manufacturing the remaining unallocated 20 GWh. The move aligns with projections from a World Bank report indicating a 500% increase in global demand for lithium by 2050.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Infrastructure Urban

11 May 2026

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Infrastructure Urban

11 May 2026

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..