Rs 15 Bn Scheme Targets 0.3 Mn Tonne Critical Mineral Recycling

26 Nov 2025 CW Team

The Ministry of Mines reviewed the progress of the Rs 15 billion Incentive Scheme for Critical Mineral Recycling, with Secretary (Mines), Piyush Goyal, assessing the implementation status alongside officials and representatives of the Jawaharlal Nehru Aluminium Research, Development & Design Centre (JNARDDC), Nagpur. JNARDDC, the Project Management Agency for the Scheme, reported a significant number of beneficiary registrations on the designated application portal.

The Scheme forms a key pillar of the National Critical Mineral Mission and aims to build an annual recycling capacity of three lakh tonnes for the extraction of critical minerals from secondary sources such as e-waste, spent lithium-ion batteries and industrial scrap. Approved by the Union Cabinet on 3 September 2025, it was launched with detailed guidelines on 2 October 2025 and will remain open for applications until 1 April 2026.

As part of its role, JNARDDC organised a workshop and stakeholder consultation on 21 November 2025, which drew participation from around 30 prospective beneficiaries, including start-ups, recyclers, technology developers and industry stakeholders. Attendees were guided through portal registration, eligibility norms, documentation requirements and incentive procedures, with operational queries addressed in detail. The PMA also provided hands-on support to participants navigating the online workflow to ensure accurate submissions.

During the review, the Secretary directed JNARDDC to continue holding such consultations throughout the Scheme period to support applicants and ensure smooth implementation. JNARDDC reaffirmed its commitment to providing helpdesk support and timely clarifications to all stakeholders.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..