Centre may permit private miners to extract lithium

29 Jul 2022 CW Team

The Government is seeking to modify the law in order to permit private miners to extract lithium, a crucial component of batteries used in electric vehicles and energy storage, as the country strives to become more self-sufficient in green technologies.

The Narendra Modi government aims to change the laws during the current session of parliament, according to a Bloomberg report. Eight minerals will be removed from the restricted list that presently forbids production by private enterprises, including lithium, beryllium, and zirconium. This would enable the government to auction licences to explore lithium reserves.

The country also seeks to expand domestic production of a variety of zero-emission technologies in order to meet its goal of becoming carbon neutral by 2070 and to benefit from opportunities presented by the world's transition to cleaner energy. According to the Mines Ministry, government organisations have been searching for lithium and have found a modest supply at a location in Karnataka. However, India would still need to identify and develop more deposits if it wants to produce lithium on any significant scale and lessen its reliance on imports.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..