DAKAR (Reuters) - A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.
For the April-June quarter (Q1FY21), the company had reported standalone profit before tax (PBT) of Rs 9.23 crore against Rs 1.15 crore in the year-ago quarter.
The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027
The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent
Will set up a Rs 250 cr unit in Rajasthan's Bhilwara, production likely in December or January
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event
Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month
The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors
In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.
In the construction sector, there is a lack of automation and the resultant dependence on manual labourers. The monsoon is expected to affect the return to normalcy in Q2 of FY21
Fimi says existing leaseholders have invested huge resources and time to undertake risky exploration activities and have helped India to discover valuable mineral deposits
100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers
Joint auctions of bauxite and coal blocks expected to reduce dependence on imports
The mining sector is rooting for a uniform tax subsuming all levies and capped at 40 per cent
The sectors that have been most impacted are transport, hospitality, and real estate
India's low grade bauxite have become unviable for the producers in international trade
Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs
Removal of end-use restrictions is a major step forward
The central government has also amended the Mineral Conservation and Development Rules, 2017, said Union Mines Minister Pralhad Joshi