Aluminium Industry Appeals for SEZ Rate Notification

20 Oct 2023 CW Team

The Indian aluminium industry is urging government intervention to establish clear and consistent pricing rates for Special Economic Zones (SEZs). As part of this plea, industry stakeholders aim to address the disparities and uncertainties that have arisen in pricing structures within SEZs. The industry's request arises in light of the significant impact that SEZs have on India's economy, particularly the export-oriented segments of the aluminium sector. The call for government involvement is driven by the need for a transparent and uniform pricing mechanism that can enhance business predictability and boost investments. This initiative holds the potential to stimulate growth and make the SEZs more attractive for aluminium manufacturers, ultimately fostering economic development.

Infrastructure Energy

08 Sep 2025

GST on Coal Raised to 18 per cent, Compensation Cess Removed

The Goods and Services Tax (GST) Council has approved a hike in the GST rate on coal and lignite from 5 per cent to 18 per cent, while simultaneously removing the additional compensation cess of Rs 400 per tonne, previously levied at 40 per cent. The decision, taken on 3 September, is expected to rationalise the tax structure without raising the overall cost burden on power producers or consumers.According to a statement from the Union government, the move is unlikely to impact electricity prices, as the tax adjustment is designed to be revenue-neutral for buyers. The removal of the cess is ex..

SCCL Mines Win 5-Star National Awards for Excellence

Singareni Collieries Company Limited (SCCL) has been awarded 5-Star ratings at the national level for four of its coal mines for the last financial year, recognising the company’s excellence in sustainable mining, safety, and operational practices.The honoured mines include:RG OC-1 Extension from the Ramagundam-3 AreaJK-5 OC from the Yellandu AreaRK-6 Underground Mine and RK-Newtech Mine from the Srirampur AreaThese awards were presented during the 5-Star Rating Awards Ceremony held in Mumbai, where SCCL Chairman and Managing Director N. Balram received the accolades from Union Minister for ..

JFSL Gets Rs 3.96 Billion from Promoters for Expansion

Jio Financial Services Ltd (JFSL) announced on Wednesday that promoter group companies have infused Rs 3.96 billion into the firm to support its expansion plans. The company’s board allotted 500 million convertible warrants at Rs 316.50 per warrant to Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, both part of the promoter group.Each entity has received 250 million warrants, and the total amount received—Rs 3,956.25 crore (Rs 39.56 billion)—represents 25 per cent of the total warrant issue price, in accordance with regulatory norms.This development is par..