Page 17 - Nitin Kumar

How Mines and Mineral Bill 2023 clears roadblocks for private investment

With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals

Lithium auction roadmap to be released by end of August: Mines secretary

Recent parliamentary approval of Mines and Minerals (Development and Regulation) Amendment Bill, 2023, has invigorated efforts to expedite the comprehensive auction roadmap

PMI Electro aims to reduce costs by 30%, boost turnover to Rs 1,200 cr

To meet burgeoning demand targets, the company is banking on its Pune plant, which is set to commence operations by FY25

Coupang to set up technology centre in India, begins recruitment drive

The Indian team will support the company's global technology team, sources said

Incentives for private bus operators to take EV route in the works

China continues to lead the e-bus market, accounting for over 80 percent of global e-bus sales in 2022

Govt to unveil Rs 4,126 crore 'payment security fund' for e-buses

Move to ensure companies get secure, timely payments

Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

The tender, issued on January 4, 2023, failed to attract bids from automakers such as Tata Motors, Ashok Leyland, and PMI Electro Mobility, leading to speculation about its cancellation

Rajya Sabha passes Bill facilitating offshore mining and mineral auctions

The proposed legislation aims to unleash the untapped potential of India's offshore resources and enhance transparency in the allocation of minerals

Centre plans to scrap mandatory electric vehicle incentive-linked tests

After receiving a report from the committee, the ministry is considering scrapping the mandatory testing parameters

Bill introduced to start private mining of deep-seated critical minerals

The move aims to achieve India's energy transition targets

GSI conducts 122 exploration projects for critical minerals this year

In the last three years, a total of 422 critical minerals exploration projects were taken by the scientific agency

Industry players divided over capacity, penalty issues for PLI-AAC bids

"The ministry is committed to finalizing the bidding documents and proceeding with the rebidding process at the earliest," government officials said

GreenCell Mobility receives Rs 3,000 crore in debt funding from REC

The fund will be used to acquire 3,000 e-buses and support energy storage and charging infrastructure

FAME investigation paves way for indigenous EVs, fair competition: OEMs

Disbursement of halted claims will help drive sales in the festive season

Govt to hold stakeholder talks for ACC battery PLI scheme on July 24

"The new bids proposal is in the final stages. Industry consultations will happen on July 24," said top government officials, adding, "The fresh tender is likely in the first half of next month"

Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

FAME-II investigation: Hero Electric gets 10 days to submit papers

Revolt Intellicorp to pay back Rs 44 crore

Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India

The company previously said it planned to set up manufacturing in India, now the world's third-largest car market

Madhya Pradesh govt announces biggest-ever auction of mineral blocks

This includes strategic and critical minerals and metals like gold, diamond, graphite and vanadium

India moves to bridge charging gap as electric car sales cross 100,000-mark

Europe has a public charger for every three electric cars and the United States for every six, shows International Energy Agency data