Cabinet Clears Revised Jharia Master Plan with Rs 59.40 Bn Outlay
The Cabinet Committee on Economic Affairs has approved the Revised Jharia Master Plan (JMP), designed to address long-standing issues of underground fires, land subsidence, and the rehabilitation of affected families in the Jharia Coalfield. The total financial outlay for the revised plan is Rs 59.40 billion.The plan follows a phased approach, prioritizing the most vulnerable sites for fire control, subsidence mitigation, and family resettlement. In addition to providing housing, the revised plan places strong emphasis on sustainable livelihood generation for displaced families.As part of the ..
Sundaram Home Finance Targets Rs 3 Bn Disbursal in Madhya Pradesh
Sundaram Home Finance, a wholly-owned subsidiary of Sundaram Finance, has expanded its presence in Madhya Pradesh by opening two new branches in Pithampur and Ratlam. With this move, the total number of its branches in the state has increased to five, including existing locations in Indore and Bhopal.The company has set a disbursement target of Rs 3 billion in Madhya Pradesh for the current financial year. This expansion aligns with its strategy of exploring growth opportunities in Tier II and III towns outside South India, while strengthening its base in states where it already operates.Madhy..
NALCO Unveils IA90 Aluminium Alloy Ingot for Auto Sector Use
National Aluminium Company (NALCO), a Navratna Central Public Sector Enterprise under the Ministry of Mines, has expanded its product line with the launch of the IA90 grade aluminium alloy ingot, developed to cater to the evolving requirements of the automobile industry.The IA90 alloy was officially launched at NALCO’s Smelter and Power Complex in Angul. Designed for critical automotive applications, the new grade offers enhanced strength, superior wear resistance, and excellent corrosion resistance. Its high strength and castability make it particularly suitable for the production of wheels..
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