Cabinet Clears Rs 59.4 Billion Plan for Jharia Rehabilitation
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Revised Jharia Master Plan (JMP), allocating a financial outlay of Rs 59.4 billion to tackle coalfield fires, land subsidence, and the rehabilitation of affected families in the Jharia Coalfield region. The implementation will follow a phased approach, prioritising the most vulnerable zones.The revised plan places a stronger emphasis on sustainable livelihoods for resettled families. Each affected family—whether a Legal Title Holder (LTH) or Non-Legal Title Holder (Non-LTH)—will receive a l..
ABB Debuts Compact IE5 Motor-Drive Unit For Fast Energy Gains
ABB has unveiled its LV Titanium Variable Speed Motor, a fully integrated, plug-and-play package that combines a high-efficiency motor with a purpose-designed variable-speed drive. Engineered in one streamlined housing, the unit delivers IE5 Ultra-Premium efficiency, allowing plant operators to cut electricity use, lower carbon emissions and secure a rapid return on investment. It will be available in India later this year.Because the drive is factory-matched to the permanent-magnet motor, the LV Titanium needs no on-site commissioning: a single engineer can replace an older direct-online indu..
Hindalco Buys AluChem for $125 M to Boost High-Tech Alumina
Hindalco Industries, the metals arm of the Aditya Birla Group, will acquire 100 per cent of US-based AluChem Companies, Inc. for an enterprise value of USD 125 million. The deal, to be executed through subsidiary Aditya Holdings LLC, marks India’s first entry into ultra-low-soda tabular alumina, widening Hindalco’s reach in precision-engineered materials for electric vehicles, semiconductors and advanced ceramics.Strengthening a high-growth, high-margin verticalSpeciality alumina has become a key pillar of Hindalco’s value-added strategy, delivering consistent double-digit growth and hea..
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