Gayatri Rubbers Secures Rs 10.5 Million Rail Supply Orders
Gayatri Rubbers and Chemicals Limited has secured new orders worth over Rs 10.5 million from Indian Railways and Defrail Technologies Limited, marking a significant step in its contribution to India’s expanding rail and transport infrastructure. The contracts, to be fulfilled within 60 days, reflect growing confidence in domestic manufacturing for critical components.The larger order, valued at Rs 6.5 million, was placed by Defrail Technologies Limited for EPDM Rubber Gaskets and Neoprene Sponge Rubber Gaskets. Simultaneously, Indian Railways awarded a contract worth Rs 4 million for similar..
India Plans Rs 13.5 Billion Scheme for Rare Earth Magnets
The Indian government is preparing to launch a Rs 13.5 billion incentive scheme to promote the domestic production of rare earth magnets, in a move aimed at reducing the country’s reliance on Chinese imports, according to official sources.The proposed scheme, expected to run for seven years, will support the creation of a local supply chain for rare earth magnets—critical components used in electric vehicles, electronics, and defence equipment. Subsidy levels are still being finalised, with industry proposals ranging from 30 to 50 per cent support. The final subsidy structure will influenc..
Chhattisgarh Lauded for Rs 165 Billion DMF Projects
The Union Ministry of Mines has commended Chhattisgarh for its exemplary implementation of development initiatives under the District Mineral Foundation (DMF). The state has channelled DMF funds towards inclusive growth in mining-affected areas, focusing on education, healthcare, drinking water, infrastructure, and livelihood enhancement.As per an official release, development works worth over Rs 165 billion have been approved across the state, covering 101,313 projects, out of which 70,318 have already been completed.During the National DMF Workshop held in New Delhi, Union Minister of Coal a..
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