Mineral and Metal Production on Growth Path in FY 2024-25

28 Feb 2025 CW Team

India’s mineral and non-ferrous metal production maintained strong growth in FY 2024-25 (April-January), building on record levels achieved in FY 2023-24. Iron ore, which contributes 70% of the total MCDR mineral production by value, saw production reach 274 million metric tonnes (MMT) in FY 2023-24. According to provisional data, iron ore production rose by 3.5% to 236 MMT in FY 2024-25 (April-January) from 228 MMT in the same period last year. Manganese ore production increased by 11.1% to 3.0 MMT, up from 2.7 MMT, while chromite production climbed 8.7% to 2.5 MMT from 2.3 MMT. Bauxite production also grew by 5.6% to 20.6 MMT compared to 19.5 MMT in the previous fiscal year. In the non-ferrous metal sector, primary aluminium production grew by 1.2%, reaching 35.10 lakh tonnes (LT) in FY 2024-25 (April-January) from 34.67 LT in the same period last year. Refined copper production saw a significant 7.4% increase, rising to 4.50 LT from 4.19 LT. India remains the world’s second-largest aluminium producer, among the top 10 in refined copper production, and the fourth-largest iron ore producer. The consistent rise in iron ore output reflects strong demand from the steel industry, while growth in aluminium and copper production highlights continued economic activity in sectors like energy, infrastructure, construction, automotive, and machinery. (PIB)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..