KEI Industries Faces Rs 8 Crore Daily Loss Amid Wage Dispute

21 Jun 2024 CW Team

Coal India Limited (CIL) has taken a significant step by awarding 23 closed and discontinued mines to private sector players. This move marks a strategic shift in India's mining sector, aimed at enhancing operational efficiency and revitalising dormant mining assets.

The decision to involve private sector firms in managing these mines is expected to bring in new technologies, investments, and expertise, thereby boosting coal production and reducing dependency on imports. The allocation process prioritises firms with robust plans for sustainable and efficient mining operations.

The mines, previously underutilised due to various operational challenges, are now poised for revitalization under private management. This initiative is part of India's broader efforts to optimise resource utilisation and foster competitiveness in the coal mining industry.

By engaging private sector participation, Coal India aims to unlock the potential of these mines, ensuring their productive use while adhering to environmental and regulatory standards. The move is also anticipated to generate employment opportunities and stimulate local economies in the regions where the mines are located.

The allocation of these mines underscores India's commitment to enhancing domestic coal production and reducing reliance on imports, aligning with the country's energy security goals. It reflects a strategic approach to revitalising India's mining sector through partnerships with private enterprises, driving economic growth and sustainable development.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..