CMPDIL And MECL Sign MoU To Boost Mineral Exploration
Union Minister of State for Coal and Mines Satish Chandra Dubey chaired a meeting in Ranchi to review the performance of the Central Mine Planning and Design Institute (CMPDIL). The meeting on May 14 was attended by Chaudhari Shivraj Singh, chair and managing director of CMPDIL, Nilendu Kumar Singh, chair and managing director of Central Coalfields Limited, and I D Narayan, chair and managing director of Mineral Exploration and Consultancy (MECL), together with technical directors and senior officers. The ministry said the review covered exploration activities, report preparation, capital expe..
Government Extends Rs 72.8 bn Rare Earth Magnet Scheme Deadline
The Ministry of Heavy Industries has extended the bid submission deadline for the Rs 72.8 billion (bn) scheme to promote domestic manufacturing of rare earth permanent magnets, setting the new closing date at June 29. The decision followed representations from industry stakeholders seeking additional time to prepare and submit proposals under the global tender process. The ministry said the move aims to widen participation as India pushes to build domestic capacity in critical high?tech materials. The scheme is designed to develop integrated manufacturing facilities for sintered rare earth per..
IndianOil To Form JV For Sustainable Aviation Fuel Project At Paradip
The Board of Indian Oil Corporation (IndianOil) approved the formation of a 50:50 joint venture with M11 Energy Transition Private Limited to develop a 100 KTPA Hydroprocessed Esters and Fatty Acids (HEFA) based Sustainable Aviation Fuel plant at Paradip. The decision was taken at the company board meeting on 18 May 2026, and the project cost is estimated at Rs 10,636 million with a plus or minus thirty per cent tolerance. The proposal remains subject to statutory and Government approvals from NITI Aayog and DIPAM. The project is intended to accelerate the development of sustainable and low-ca..

