Mr. Sanjay Mehta, President - MRAI​
 

India still does not generate enough end-of-life aluminium scrap to meet rising demand for low-carbon metal. Until the domestic scrap pool matures, recycled aluminium sourced through imports remains indispensable for keeping the nation’s 2-million-tonne-plus recycling capacity fully utilised, sustaining competitiveness, and accelerating emissions reduction. A predictable scrap-supply regime strengthens - not threatens - domestic investment by ensuring material stability, rational pricing, and higher capacity utilisation.
 

“India’s secondary aluminium industry is driving the nation’s transition toward circularity, energy efficiency, and global sustainability leadership,” said a spokesperson for the MRAI. “Producing aluminium through recycling uses 95 percent less energy and emits over 90 percent less CO₂ than primary smelting—it’s like importing free electricity into the country.”
 

Recycling generates minimal waste compared with primary production and aligns with NITI Aayog’s Circular Economy Roadmap and Make in India 2.0. The industry empowers MSMEs, operates under BIS and radiation-check standards, and provides safe, high-quality raw material for downstream manufacturing.
By converting this scrap into high-value alloys and exporting them, India earns foreign-exchange surplus while advancing Net Zero 2070 targets. With global demand for green aluminium soaring - led by the EU’s low-carbon markets - India is positioned to become a reliable supplier of sustainable metal.
 

The sector also generates thousands of livelihoods across all skill levels and fosters women’s participation in sorting and quality operations, advancing inclusive and dignified employment in industrial clusters.
 

To sustain this momentum, MRAI urges a progressive and balanced policy framework that reinforces India’s recycling-led growth. Reducing import duty from 2.5% to 0% duty on aluminium scrap will ensure steady feedstock availability for recycling plants and uninterrupted production. A reduction of GST from 18% to 5% or 0% preferably will ease liquidity pressure, encourage formalisation, and enhance competitiveness across the value chain. Further, simplifying TDS on GST provisions will support MSMEs and small recyclers—enabling them to expand, invest, and create green employment at the grassroots level.
 

With stable and forward-looking policies, India’s secondary aluminium industry will continue to power sustainable growth, create green jobs, and strengthen India’s leadership in global circular manufacturing.
 

For more details and media queries: www.mrai.org.in.
 

#MRAI #SecondaryAluminium #CircularEconomyIndia #GreenGrowthIndia #RecyclingIndustry #SustainabilityIndia #LowCarbonAluminium #IMRC2026 #MakeInIndia #GreenJobs #NetZero2070

Home-styled Durga Puja pandal built with SEL Tiger Roofing Sheets under Shyam Metalics Foundation’s ‘Shelter of Protection’ campaign

The roofing sheets that adorn the three beautifully designed home-styled pandals that have been set up at Garia, Dankuni, and Burdwan, will be donated to underprivileged families, transforming festivity into enduring care and protection. This Puja, the brand, stands as a symbol of divine protection and trust, ensuring every unsheltered family rests under a roof that is strong, reliable, and enduring. After the festivities, roofing sheets will be donated to 250 underprivileged families, transforming Maa Durga’s grace into roofs over their heads.

Durga Puja is one of the most cherished cultural celebrations of Bengal, which is seen as the homecoming of Maa Durga, a time when hearts and homes overflow with joy, light, and togetherness. Through this initiative, Shyam Metalics Foundation is carrying that spirit forward by giving its roofing sheets for a greater purpose. It will safeguard families and strengthen communities long after the festivities end. With this campaign, Shyam Metalics celebrates not only faith and tradition but also care and hope for the community. 

Highlighting the purpose of the initiative, Mr. Nirmal Uday, COO, CRM Division of Shyam Metalics, said, “Durga Puja is more than just a festival, it is a reminder of compassion, unity, and renewal. Through our initiative ‘Shelter of Protection,’ we are extending the blessings of Maa Durga beyond the puja grounds to families who need shelter the most. At Shyam Metalics, we believe in transforming faith into meaningful action, and this campaign is our humble attempt to give back to the community that has always been our strength.”

About Shyam Metalics
Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel Industry in West Bengal, Odisha, Jharkhand and Madhya Pradesh with a focus on Long Steel Products, Ferro Alloys, Aluminium and Stainless Steel. The company got listed itself on the exchanges in 2021 and as on date of this press release possesses a market capitalization of Rs. 26,351 Cr. Spearheaded by Mr. Brij Bhushan Agarwal, Chairman and Managing Director, the company strives to deliver unparalleled quality through their customised value-added solutions to meet business requirements. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India (Source: CRISIL Report).

For more information, please visit our website at www.shyammetalics.com

To celebrate the re-emergence of our nation in today’s global order and ahead of the country’s Independence Day, MMTC- PAMP, India's only LBMA-accredited Good Delivery Gold & Silver refiner and recognised as the purest precious metal brand in Asia and India, unveils the ‘Sone ki Chidiya’ Gold Coin.
 

MMTC- PAMP celebrates India’s ‘Nayi Udaan’ with launch of Sone ki Chidiya 10gm Gold Coin
 

This stunning 10-gram, 99.99%+ (999.9+) purity octagonal coin is a tribute that captures the essence of India’s remarkable transformation with a spirit of ‘Nayi Udaan’, a sentiment of taking new flight for a rising new hope, of a new India. The limited-edition coin celebrates both the nation's illustrious golden legacy and its boundless future potential.
 

Celebrating India’s rising status with the launch of this limited-edition minted product offering, Mr Samit Guha, Interim CEO and CFTO, MMTC-PAMP said, “This coin is more than a precious metal, it is a symbolic representation of India’s rise in this new world order. As our nation spreads its wings, taking a Nayi Udaan, across industries from technology to space exploration, from renewable energy to global leadership, the 'Sone Ki Chidiya' captures this moment of national ascendancy.”
 

This collectors’ limited-edition item ‘Sone ki Chidiya’ Gold coin draws inspiration from India's rich history as the world's most prosperous civilisation. Today, as India emerges as a global economic powerhouse, technological innovator, and cultural ambassador, this coin serves as a tangible reminder of the nation's incredible journey from its golden past to an even more promising future.
 

The front side of the coin features India's geographical outline with a majestic golden bird soaring skyward, symbolising the nation's rise with renewed strength, pride, and purpose with Nayi Udaan embossed. The reverse side showcases the words ‘Sone Ki Chidiya’ in Hindi alongside a flock of birds in graceful flight – representing collective progress, unity in diversity, and the freedom to achieve limitless possibilities.
 

Crafted with the finest Swiss craftsmanship and the purest gold, the ‘Sone ki Chidiya’ coin offers investment value and emotional connection. As a limited-edition collectible, this coin is a representation to India’s rich heritage and legacy with a timeless design that bridges tradition with new aspirations.
 

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 99.99%+ (999.9+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP’s official website, www.mmtcpamp.com/shop.

About MMTC-PAMP
A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.
 

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country’s only brand providing the purest gold and silver coins and bars with 99.99%+ (999.9+) purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India’s Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.

MMTC-PAMP, India's only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner is proud to announce the launch of the Laddoo Gopal 50 grams 99.99%+ purity Silver Bar. This exquisite silver bar pays tribute to Lord Krishna, showcasing an image of the childlike innocence and divinity through intricate designs and fine Swiss craftsmanship.
 

MMTC-PAMP unveils the Laddoo Gopal 50 gm Silver Bar, a symbol of devotion, purity, and divine craftsmanship
 

Laddoo Gopal is the child form of Lord Krishna, known for his playful nature and love for sweets. He is a symbol of love and innocence, and is worshipped across India. People often treat Laddoo Gopal like a member of their family, offering him laddoos and decorating his space with care. This silver bar shows a colourful, 3D image of Laddoo Gopal sitting peacefully, surrounded by designs that reflect his playful and divine nature.

The back side of the bar is engraved with a sacred Sanskrit shloka. The verse is a prayer to Lord Krishna, praising him as Vasudeva, Hari, and Govinda, the Supreme being, who removes all troubles and protects us always.

Speaking on the launch, Mr Samit Guha, Chief Financial and Technology Officer from MMTC-PAMP said, “MMTC-PAMP is honoured to offer our valued customers a unique symbol of love, devotion, and faith. Crafted with Finest Swiss craftsmanship and 99.99%+ purity, this bar serves as a spiritual keepsake for devotees of Lord Krishna. It is our tribute to India’s rich cultural heritage and deep-rooted traditions, and we hope it brings blessings of joy, protection, and prosperity to all who receive it.”

MMTC-PAMP’s Laddoo Gopal Silver bar embodies of celebrating India’s rich spiritual heritage through intricate design and craftsmanship. Like all MMTC-PAMP products, the Laddoo Gopal Silver Bar is produced using advanced refining techniques and undergoes rigorous quality checks to meet global purity standards. (Link to the product)

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ (99.99%+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP’s official website, shop.mmtcpamp.com.

About MMTC-PAMP

A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country’s only brand providing the purest gold and silver coins and bars with 999.9+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India’s Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.

Mantra Gold Coatings installs World's largest Gold-Plated Vimana Gopuram at Sri Lakshmi Narasimha Swamy Temple in Hyderabad

Handcrafted by Indian President Awardee artisan Ravindran Stapathi, hailing from the Vishwakarma community, who have been involved and engaged in the temple work for the past 15 generations and more, along with 105 plus direct artisans, helped craft and erect the World's largest Vimana Gopuram. Close to 70 kgs of gold was used along with 11000 kgs of copper, on a solid black granite carved Vimana Gopuram and total work duration, including the copper and gold plating of the Vimana Gopuram took close to 1000 days. 

The golden ornate monumental tower standing 55 feet in height, 66 kilograms in weight, spreading across 10,753 square feet, was unveiled by Telangana’s Chief Minister Shri A Revanth Reddy. This is considered to be Telangana's first gold plated Vimana Gopuram with 50 years warranty.

Mr Pankaj Bhandari, CEO of Mantra Gold Coatings said, “2025 is a significant year for Smart Creations, as it coincides with our celebration of 25 remarkable years of association with temples by consistently delivering Kalasams, Vimanas, Dwajasthambam , Golden chariots, Golden walls and Doors to 7800 temples, both in India and abroad, saving them gold worth Rs 4800 Crores. Today, we are greatly honoured that the Telangana Government, after a careful study of the Global Minamata convention on Mercury recommendations and Indian government’s related ban on the use of mercury in gold plating process, entrusted Smart Creations with the task of crafting Telangana’s first and World’s largest Golden Vimana Gopuram of Sri Lakshmi Narasimha Swamy Temple in Yadagirigutta.”

“This recognition is based on our track record of successfully executing gold plating projects using the modern Nano Tech Golden Deposition (NTGD) technology that adheres to eco-friendly practices by avoiding hazardous emissions like mercury oxide”, he added.

For more details, please visit: www.mantragoldcoatings.com.

About Eco- Friendly Nano Technology
The Vimana Gopuram is designed with Nano Tech Golden Deposition (NTGD) technology, the same as used in NASA / ISRO defense applications and equipment, including the Chandrayaan 1,2 & 3, India’s lander & rover mission to the moon. It minimizes the quantity of actual gold used in plating, which also increases the life and sheen of the gold plating. NTGD technology is used to gold plate temple domes, kalasams, gopuram & dhwajhasthambams in order to amplify the conductivity of these electromagnetic waves, making it superior. Smart Creations has done beautification work with Sashtra and traditional Designs- on Kalasam, Kodimaram , Doors, Chariots, Vahanam , Kavacham, Simhasam and much more in more than 59100 temples.

About Smart Creations
Smart creations have been associated with temples and kumbhabhishekams for more than 25 years and are a pioneer in gold plating for temples. Today with the traditional knowledge of special hand-chosen artisans combined with the latest technology, Smart creations are on a mission of upgrading temples to Golden temples. With a special R & D department, supported by a fully equipped factory, Smart creations have delivered Kalasams, Vimanams, Dhwajhasthambams, Golden chariots, Golden walls, Doors to 7800 temples in India and abroad. Special customization project management methodology is followed for each temple based on the gold plating requirement in terms of its size, the shine, the specific architecture of the temple, the geographical location of the temple in terms of whether it is near the sea, etc., including the temples uniqueness, their traditional rules, which are mandatory as per the specific temple and the time of delivery and execution. Till date, Smart Creations has helped 7800 temples save gold worth Rs 4800 Crores.

ArcelorMittal Nippon Steel India (AM/NS India) today announced the beginning of the acquisition of a land parcel in Anakapalli district, Andhra Pradesh, as part of its plans to set up a state-of-the-art integrated steel plant in Rajayapeta. The initial payment for acquiring the land has been made, and possession is expected soon, paving the way for the company to commence work on the greenfield project.

With proposed initial capacity of 7.3 MTPA, the project reinforces AM/NS India’s commitment to contributing to India’s national ambition to reach 300 MTPA crude steel capacity by 2030 and strengthening domestic manufacturing in line with the ‘Atmanirbhar Bharat’ initiative.

Hon'ble Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu, said, "We welcome ArcelorMittal Nippon Steel India to Andhra Pradesh and are committed to providing all requisite support to ensure its success. This mega steel plant will not only create substantial employment opportunities but also foster socio-economic development for the communities and beyond. This project aligns with our vision of transforming Andhra Pradesh into a leading industrial hub.”

Mr. Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “This investment in Andhra Pradesh deepens and broadens our presence in Indian steelmaking and takes us all closer to Viksit Bharat. This is a proud moment for all at AM/NS India, and Andhra Pradesh; together we hope to make a meaningful addition to India's growing stature as a pre-eminent force in global manufacturing.”

Mr. Aditya Mittal, Chairman, ArcelorMittal Nippon Steel India and CEO, ArcelorMittal, said, “Our investment today is the first step in an exciting plan to build a world-class steel plant in Andhra Pradesh that strengthens our contribution to India’s long-term steel manufacturing ambitions. We thank the Government of Andhra Pradesh for its steadfast leadership and shared commitment to a project that will create jobs and sustainable economic and societal value for local communities, the state and India.”

Chairman of the task force for generating 20 Lakh jobs in AP & Hon’ble Minister of IT & HRD Shri Nara Lokesh welcomed the move and reiterated commitment of Government of Andhra Pradesh to speed of doing business and facilitating AM/NS’s entry into the state of Andhra Pradesh.

Mr. Takahiro Mori, Representative Director, Vice Chairman and Executive Vice President, Nippon Steel and Member, Board of Directors, ArcelorMittal Nippon Steel India, said, “AM/NS India’s proposed plant in Andhra Pradesh illustrates our unstinting ambition to grow Indian steelmaking capacity to support the country’s development. We are grateful to the Government of Andhra Pradesh for its support and commit ourselves to realising this project in a responsible way that strengthens the local economy and elevates India as a significant global steel manufacturing hub.”

AM/NS India is continuously pursuing growth opportunities nationwide, deepening its footprint and driving infrastructure development for the country. Its expansion to 15 MTPA from the current 9 MTPA at its flagship plant in Hazira, Gujarat, is progressing well. In Odisha where the company already has a significant presence, plans are underway to set up an integrated steel plant.

About Arcelormittal Nippon Steel India (AM/NS India)

ArcelorMittal Nippon Steel India (AM/NS India) is a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steel manufacturing organisations. A leading integrated flat carbon steel producer in India, the company has a crude steel capacity of 9 million tonnes per annum with state-of-the-art downstream facilities. It produces a fully diversified range of flat steel products, including value-added steel, and has a pellet capacity of 20 million tonnes.

MMTC-PAMP's Ram Lalla Silver Bar (50g) and Ram Lalla Gold Bar (10g, 24K, 99.99%+ purity, featuring an embossed image of Ram Lalla)
 

The specially crafted Ram Lalla Bars, made from the purest 24K gold (99.99%+ purity) and 99.99% silver, have been cherished symbols of devotion since their launch. The 10-gram gold bar and 50-gram silver bar both feature 3D embossed of the Ram Lalla idol, inspired by the divine sculpture installed at Shri Ram Janmabhoomi Mandir in Ayodhya, alongside a detailed depiction of the iconic Ram Mandir on the reverse.
 

As part of the three-day grand celebrations in Ayodhya, MMTC-PAMP joins devotees in the spiritual and cultural activities that resonate with the essence of Lord Ram's teachings.
 

The celebrations commenced on January 11, 2025, with the Abhishek of Ram Lalla by Uttar Pradesh Chief Minister Shri Yogi Adityanath, followed by a cultural program featuring Usha Mangeshkar and Mayuresh Pai. On January 12, 2025, Raga Seva included performances by Sonu Nigam, Shankar Mahadevan, and Malini Awasthi. The event concluded on January 13, 2025, with spiritual rituals and devotional activities.
 

Speaking on the occasion, Mr Vikas Singh, Managing Director & CEO of MMTC-PAMP remarked, “As we celebrate the first anniversary of Ram Lalla Pran Pratishtha, we are honoured to offer devotees the Ram Lalla Gold and Silver Bars. Crafted with 99.99%+ purity, these bars are a testament to our commitment to excellence and our deep respect for Indian culture and traditions. They symbolize faith and devotion, serving as cherished keepsakes of this historic moment. Since the launch of our Ram Lalla collection, these bars have been a cherished treasure amongst our customers.”
 

The Ram Lalla Gold Bar, a 10-gram 24K masterpiece with 99.99%+ purity, and the Ram Lalla Silver Bar, a 50-gram bar featuring a full-colour embossed image of Ram Lalla and an engraving of the Ram Mandir, exemplify MMTC-PAMP's Swiss craftsmanship and purity. Packaged with Assayer Certified Minted Cards for authenticity, these bars are available at MMTC-PAMP Purity Verification Centers, leading jeweller partners, and online at shop.mmtcpamp.com.
 

MMTC-PAMP invites devotees and investors to join in the celebration and acquire these timeless symbols of faith, which honour the sanctity of the Ram Mandir and the spirit of Lord Ram.

About MMTC-PAMP

A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country’s only brand providing the purest gold and silver coins and bars with 999.9+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India’s Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.

Sambhv Steel Tubes Ltd. showcased its product range at METEC India 2024

SAMBHV Steel Tubes Limited showcased its wide range of products at the exhibition, including Mild steel coils, Stainless steel coils, GP coils, steel door frames, ERW Pipes and Tubes, Pre-Galvanised (GP) pipes, CRFH Pipes. The company has designed an engaging and visually striking stall at the event, providing an immersive experience for visitors to explore its product range and innovative capabilities. The company has a single-location backward-integrated manufacturing facility for ERW steel pipes and tubes, spanning the entire value chain—from raw materials to finished products.

Commenting on the company’s participation at the exhibition, Mr. Vikas Goyal, CEO & MD Sambhv Steel Tubes Limited, said, “METEC India provided us with a platform to explore the advancements in the global market and engage directly with customers and suppliers for strategic discussion and negotiations. The event has opened up opportunities to connect, engage in meaningful dialogue, and drive business growth. A well-curated program featuring exhibition showcases, competitions, technical conferences, and live demonstrations has created a dynamic environment that fosters networking and collaboration.”

METEC India serves as a platform for the metal industry in Maharashtra, offering opportunities to explore global market trends and engage directly with suppliers and customers for strategic negotiations. The exhibition features exhibitors from various countries, showcasing innovations and expertise. Attracting visitors from diverse industries, including cable and wire manufacturing, automotive components, electrical, construction, equipment manufacturing, amongst others. METEC India serves as a vibrant hub for professionals to connect, share insights, and seize new opportunities across multiple sectors. The return of the international exhibition and conference to Mumbai after two years was eagerly awaited by the Indian metal industry.

The Exhibition offered a diverse and enriching experience each day. Day 1 featured the Tube India conference, co-organised by International Tube Association (India Chapter), focusing on “Emerging Opportunities for a Sustainable Future in the Tube & Pipe Industries.” Day 2 featured Wire India hosting a technical conference, co-organised by Steel & Metallurgy, addressing “Process Innovation & Application Initiatives towards a Clean, Green, and Efficient Wire & Cable Industry in India.” Day 3 delved into "VISION 2047 - 500 MT Steel Production - Initiative Towards Decarbonisation in the Indian Steel Industry," showcasing incremental growth over the years.

METEC India 2024 has given a wonderful opportunity to the company for showcasing its products to an audience from various countries.

About Sambhv Steel Tubes Limited

According to CRISIL Report, Sambhv Steel Tubes Limited is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024. The Company is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.

The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house.

Disclaimer

SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has fled the DRHP dated September 30, 2024 with the SEBI. The DRHP is available on the website of the Company at www.sambhv.com, website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com and the BRLMs, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any Potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision.

This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.

About CRISIL Market Intelligence & Analytics

CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies.

CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the CRISIL Report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the CRISIL Report are based on certain assumptions, which in its opinion are true as on the date of the CRISIL Report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen.

CRISIL Report does not consist of any investment advice and nothing contained in this report should be construed as a recommendation to invest/disinvest in any entity. The CRISIL Report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India.

MMTC-PAMP, India's only London Bullion Market Association (LBMA) Good Delivery gold & silver refinery is proud to launch its latest 22K ‘Tree of Life’ Gold coin. The 'Tree of Life' coin, combines revered symbols with the Finest Swiss Craftsmanship, catering to the discerning tastes of the Indian customers and investors.

MMTC-PAMP's 22K ‘Tree of Life’ 8gm Gold Coin crafted with the Finest Swiss Craftsmanship

The coin's design draws inspiration from symbols deeply rooted in Indian philosophy and art. The Tree of Life, reminiscent of the sacred trees, represents the interconnectedness of all life. The Sun, central to many Indian deities and rituals, symbolizes divine energy and prosperity.

This 8gms coin, crafted from 22k gold with a purity of 916.7+, features an intricately embossed design of the sacred Tree of Life intertwined with the radiant Sun. The symbolism resonates deeply with Indian cultural values, representing prosperity, continuity, and the divine energy that sustains life.

In our Indian mythology, the Tree of Life is called the Kalpavirksha, which originated during the Samudra Manthan (churning of the ocean) between the gods and demons. This tree has many representations in the country, each equally revered from the Banyan Tree to the Coconut Tree in parts of South India. The Banyan tree for instance is considered sacred due to its longevity and positive energy. The Sun is equally important in the Indian ethos for sustaining life, bringing good tidings and radiance. 

Speaking on the launch of the 22K Gold Tree of Life coin, Vikas Singh, Managing Director and CEO at MMTC-PAMP said, "We are thrilled to introduce this special creation to our esteemed customers in India. This coin is our tribute to the rich cultural heritage and deep appreciation for gold in this region. Combining ancient motifs with the Finest Swiss Craftsmanship, this gold coin is ideal for every occasion. We are committed to offering products that resonate with local tastes and traditions. It's not just an investment; it's a piece of art embodying life's blessings and abundance."

Providing the purest gold in the 22 karat range at 916.7+ purity, the Tree of Life gold coin adheres to the highest standards. Weighing at 8 grams, this number is also considered auspicious across many parts of India. This symbolism represents the cycle of life, growth, and renewal, making it not just a valuable investment but also a meaningful keepsake. The mirror finish adds a dazzling brilliance, making it a perfect addition to any puja room or family heirloom collection. More information on MMTC-PAMP products can be obtained from MMTC-PAMP’s exclusive stores, leading jeweller partners, online marketplaces like Amazon and Flipkart, or directly from MMTC-PAMP’s.

website: shop.mmtcpamp.com.

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure highest purity level at 999.9+ of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. 

About MMTC-PAMP
A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country’s only brand providing the purest gold and silver coins and bars with 999.9+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India’s Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024. 

Need to produce indigeneous defence materials for national security - Sh. Bandary Dattatraya, Hon'ble Governor of Haryana, Government of Haryana

The event was presided over by the esteemed presence of distinguished dignitaries including Sh. Bandaru Dattatraya, Governor of Haryana, Government of Haryana, who was the Chief Guest at the event., Mr. S. K. Jha, CMD Midhani Limited, Mr. Vijay Sharma, Director Jindal Stainless Ltd., Sh. S V Chakravarthy, Director (Commercial), SAIL and, Sh. P V Raja Ram, Director (Production) with Addl. charge of Director (Technical), Bharat Dynamics Limited. 

Mrs. Monica Bachchan Duvvuri, Founder & CEO of Metalogic PMS mentioned that, “We are thrilled to host this conference, which aims to highlight the significant contributions of the steel and metals industry to India’s defence sector. By bringing together industry leaders and experts, we hope to spark new ideas and collaborations that will drive innovation and strengthen our nation’s defence capabilities.”

The discussions during the event were focused on the growth trajectory of Indian defence sector and its needs from the steel industry to ensure national security and reduce reliance on imports.

Country’s defence sector has started producing and exporting indigenous goods with annual domestic defence production, reached nearly Rs. 1.27 trillion in FY24, a 16.7 percent rise from Rs. 1.09 trillion in the previous fiscal year. In addition, the sector also recorded highest-ever defence exports, reaching $2.5 billion in the fiscal year 2023-24. This significant milestone marks a 25% increase from the $2 billion reported in FY23.

However, the sector still faces challenges like inadequate availability of input materials domestically, which are used for producing defence specific products like special alloy grade material and light weight high tensile products etc. India still ranks amongst the largest defence and arms importing nation accounting for 9.8 percent of the global arms sales. The recent advances in steel manufacturing, fabrication technologies, light weighting of steel was highlighted during the course of the event.

In this regard, Sh. Bandaru Dattatraya mentioned that Defence Ministry has set the target of 70 percent for sourcing of arms and guns produced from indigenous material by FY2027 with the possibility of broader pathways for smaller as well as large scale players. He further added that Defence Ministry has provided level playing field to domestic manufacturers of around 101 arms and ammunitions by planning imports substitution model.

He concluded by adding that this initiative of the government has led to substitute the imports of few defence related equipment including arms and ammunitions like helicopters, ATV, and small range missiles, etc.

In the recent Union Budget of FY25 announced by Fin Min Sh. Nirmala Sitharaman, Ministry of Defence (MoD) has been allocated Rs. 6,21,940.85 crore, the highest among the Ministries. The allocation to MoD for FY 2024-25 is higher by approx. Rs. one lakh crore (18.43%) over the allocation for FY 2022-23 and 4.79% more than allocation of FY 2023-24. Indian steel industry is thriving to supply its steel and reduce the reliance on imports of the defence sector.

This event will bring together industry leaders, policymakers, and experts to explore the critical role of steels and metals in strengthening India’s defence capabilities.

Guest, Devendra Fadnavis, Sunil Joshi, Vedansh Joshi, Ajit Dada Pawar, Dharmaraobaba Atram

During the ceremony, Deputy Chief Minister Shri Devendra Fadnavis expressed confidence that Gadchiroli district will become the most progressive district in the state in the near future. He highlighted that in the future, Gadchiroli alone will account for thirty percent of the state's steel production. Fadnavis also emphasized that Gadchiroli will become Maharashtra's leading district and the largest steel hub in the country.

Dharamraobaba Atram, Ajit Dada Pawar, Devendra Fadnavis, Uday Samant, Vedansh Joshi & Sunil Joshi
 

He spoke about the positive impact of industry on the tribal community, mentioning the establishment of a medical college and the planned construction of an airport in the area. Fadnavis announced efforts to transform Gadchiroli into an education hub and initiate water transportation from Chamorshi to Kakinada port.

Deputy Chief Minister Shri Ajit Dada Pawar remarked on the significance of inaugurating a major company with an investment of Rs. 10,000 crore in Gadchiroli. He stressed that this project will provide significant employment opportunities for local residents and meet the country's steel requirements.

Vedansh Joshi, MD of Surjagad Ispat Pvt. Ltd., stated, "We are contributing to our Prime Minister Shri Narendra Modi ji's vision of Atmanirbhar Bharat by making significant investments and promoting industrial development in Maharashtra. We are establishing an integrated steel plant in the Naxal-affected region of Wadlapeth village, Gadchiroli, Maharashtra, covering an area of 340 acres. Our project includes a 1.6 MTPA Beneficiation Plant, a 1.2 MTPA Pellet Plant,  a Sponge Iron Plant of 4 x 650 TPD, an Induction Furnace of 0.75 MTPA, a Rolling Mill of 0.75 MTPA, a Captive Power Plant with a capacity of 120 MW, and a Pellet Plant of 1.2 MTPA and we plan to extend up to 2 million tons integrated steel plant in phase 2. Upon completion, we plan to achieve 8 million tons of integrated steel production."

The Bhoomi Pujan ceremony was graced by prominent dignitaries, Cabinet Ministers - Uday Samant, and Dr. Dharmaraobaba Atram. Several government officials were also present. The first phase of the project is slated to commence in 2026, with the entire project expected to be completed by 2030.

In conclusion, the Surjagad Ispat Pvt. Ltd. project stands as a testament to Maharashtra’s commitment to industrial growth and regional development. The initiative promises not only economic benefits but also aims to uplift local communities by providing essential services and employment, marking a new chapter in Gadchiroli’s development.

Commenting on the association, Ahamed Iqbal KM, Managing Director, Oralium said, “Oralium is a category innovator and has been leading the aluminium metal-based roofing sheets category through innovations. Oralium delivers innovative and modern aluminium solutions, setting new benchmarks in everything from roofing to extrusions-a single solution for all aluminium needs. Our goal is to expand our presence and visibility across tier 2 and 3 cities and beyond into rural markets." 

"We are pleased to welcome Eggfirst as our agency of record. We look forward to working with Eggfirst which brings in differentiated expertise as a specialist rural advertising agency with robust digital knowhow.” 

Anup Mukundan, Head of Marketing, Oralium said, “We chose Eggfirst as our agency of record as they come with incredible depth of rural advertising experience and a reputation for deeply thought through creativity, not to mention their digital outreach for connecting with rural markets. I am confident that the team Eggfirst will help us build engaging communication in line with our vision to engage closely with our target market segments. With our new-agency partnership, we are moving towards realizing our vision to become the most preferred metal brand by 2030."

Ravikant Banka, Founder and CEO, Eggfirst said, “We are thrilled to partner with Oralium to offer them communication solutions across platforms. Oralium is in an exciting phase of growth. We look forward to developing effective and dynamic brand engagement narrative for the existing and new consumers, driving brand category and connect for Oralium. It’s an exciting challenge and the entire agency is incredibly delighted to be a part of this growth journey for the brand.”

Oralium is known as a premier brand in the aluminium industry which focuses on downstream value added products. It offers a wide range of high-quality products that include the flagship Oralium Premium Aluminium Roofing, along with aluminium flat rolled products and extruded profiles under the Oralium Systems and Profiles banner.

Dedicated to quality, customer satisfaction, and environmental sustainability, Oralium consistently aims to surpass customer expectations and continuously updates its product line to address the evolving demands of the industry. These foundational values steer all facets of Oralium’s operations, reinforcing its reputation as a reliable market leader.

Eggfirst is in the midst of a tremendous growth spurt and has grown nearly three times in that many years. It has established its expertise as a Specialist Rural Advertising Agency with extreme digital expertise. Having worked with a large number of rural brands across FMCG, BFSI, agri-inputs, building construction materials, and more, it has a deep understanding of the consumers and markets of Bharat. Its true-blue advertising strategies provide a solid foundation for brands, and its digital expertise drives powerful connections with consumers while being cost-effective.
 

About Oralium
Oralium is known as a premier brand in the aluminium industry which focuses on downstream value added products. It offers a wide range of high-quality products that include the flagship Oralium Premium Aluminium Roofing, along with aluminium flat rolled products and extruded profiles under the Oralium Systems and Profiles banner.

The company is headquarted in Mumbai with a robust presence in Kerala, Maharashtra, Goa, Gujarat, Tamil Nadu and Assam.

For more information, please visit - www.oralium.in.

Inaugural panel of Metalogic's National Conference on Steel in Infrastructure
 

Addressing the growth of steel sector in a conference hosted by Metalogic PMS, Sh. Jyotiraditya Scindia in his video message mentioned that “The steel industry has been one of the bulwarks of India’s rapid infrastructure development. And with the Indian government targeting a $5 trillion economy by coming years, this is one industry whose fortunes look bright indeed, despite the recent turbulence due to the COVID-19 pandemic.”
 

Minister also urged industrial players to show maximum participation in infra development projects. “As we embark on various mass transit projects, including high speed rails and integrated bus tents, I would also like to urge all industry players to explore diverse participation models, such as public private partnerships, and by fostering collaboration between the public and private sectors. We can unlock synergies and expedite the implementation of transformative infrastructure projects,” he said.
 

“As we chart a course towards a brighter and more resilient future, let us remain steadfast in our commitment to harness the full potential of steel to build a nation that is prosperous, inclusive, and sustainable,” he concluded.
 

“Whichever country has built its infrastructure it has built from its own steel, one cannot import steel and built its infrastructure which India government realises,” mentioned Sh. Naveen Jindal, Chairman of JSPL who also lighten the conference with his presence. He emphasized on recycling of steel byproducts like slag which can be used as replacement of fertilizers or for road construction which will help in reduction of CO2 emissions. He also urged the industry to produce more and more green steel and use it in infrastructure."
 

Steel usage in the building, construction, and infrastructure domains has seen a consistent annual growth rate of 4.5% over the last four years. These positive trends are anticipated to persist in the near future, with an estimated demand increase of 7-8% in the building and construction sectors, and 8-10% in the infrastructure sector until FY 2025.
 

“There is need to pick up the pace of steel consumption in infrastructure to become a develop country without compromising on quality,” said Sh. Amarendu Prakash, CMD SAIL. He further added that engineering architects should also be having proper knowledge which helps in demand generation which can be provided by including the syllabus in academia.
 

The Schemes like PM Awas Yojana, Housing for all, etc. have so far supported steel demand in the past few years. In addition, this year’s fiscal budget coming up with Rs. 11 trillion capex, 11.1% more than previous year will also increase domestic demand for steel.
 

Increasing freight corridors in India has marked a milestone in India’s transportation infrastructure and has reduced transportation times. Since 2020, dedicated freight corridors have consumed ~18 million tons of steel.
 

“DFC is most important project to Indian Railways project whose estimated cost is approx. Rs. 1.25 lakh cr.,” mentioned Sh. Ravindra Kumar Jain, MD, Dedicated Freight Corridors Corporation of India Limited.
 

In terms of generating demand for steel, Sh. Ravindra Kumar mentioned that Indian Railways has massive investment plans for adding 40,000 tracks km in next 5 years which is capable of generating 9.60 lakhs tons of rail, 1.4 lakh tons of structural steel and 12 lakh tons of reinforcement steel, he further concluded by saying that DFC is ready to extend all possible support for transportation of steel.
 

Recently, Hon’ble Prime Minister Shri Modi inaugurated the 401 km stretch of the Eastern Dedicated Freight Corridor (EDFC) and the 244 km stretch of the Western Dedicated Freight Corridor (WDFC), constructed at a combined cost of Rs. 252.22 billion cost which has served a dual purpose of utilizing major volumes of steel and cement and at the same time eased the logistics burden on the industry.

As per the findings, almost 38% of India’s copper demand is met through scrap copper. In the fiscal year 2021, India generated almost 350 KT (kilo tonne) of end-of-life and process copper scrap, supplemented by the import of an additional 80 KT of copper scrap.

Most of the remelted copper is used in form for rods and billets concentrated in the electrical and electronics segment. The recycling process must focus on refining high-grade scrap and smelting & refining low-grade scrap to eliminate impurities. However, the share of secondary smelting and refining of scrap in India remains at a mere 1%, significantly trailing behind leading economies such as China (32%), the EU (30%) and Japan (16%).

Presently, India primarily relies on direct melting of scrap, resulting in variable copper purity due to the use of diverse scrap types. Traditional methods are employed to reduce impurities, producing copper rods or billets which are non-compliant to the national standard. The Indian Copper Stock and Flow model indicated that a significant portion of direct melt copper scrap goes into semis production. This percentage is notably higher compared to key global economies, with Japan, the EU or China.

The direct remelting of copper in semis fabrication raises quality concerns, especially regarding tramp elements (elements that cannot be removed easily by direct remelting process) in conductor applications. ETP grade copper, with a required purity of 99.9% or more as per IS12444 standards, is crucial for all electrical installations.

Mr. Shreegopal Kabra, MD & Group President, RR Global said, “Poor-quality wires and cables contribute to the high rate of building fires and electrocutions in India, leading to nearly 14 deaths daily. The widespread copper quality and insulation issues resulting from direct melting of scrap, particularly in wire and cable production, greatly affects the end users and market stakeholders. This situation calls for stricter regulations and quality control measures to uphold fire safety standards and ensure the reliability of copper products.”

ICA India's study on building wire samples across India validated the issue of poor quality of scrap copper. The study highlighted that 26% of the samples failed the conductor test as prescribed by IS164. Notably, all failures were associated with products from local brands of non-listed companies, revealing a direct correlation to the sourcing of poor-quality copper rods.

This alarming trend underscores the urgent need for investment in secondary smelting & refining of scrap processing in India to align the quality with ETP copper standards. India has done well to create an efficient collection rate of copper scrap, however, the processing of copper scrap needs a larger focus and a shift from direct remelting to real recycling is the need of the hour. The effective and stringent implementation of recently announced Quality Control Orders (QCO) for copper product will go a long way in ensuring the adoption of best practices in scrap processing and recycling, thereby improving the quality of scrap copper.

Annexure:

Data from ICA’s study on building wire samples across India

Category 1 – NSE Listed Companies’ Brands; Category 2 – Regional Non-Listed Companie’s Brands, Category 3 – Local Non Listed Companies’ Brands

Data from ICA’s Study

About ICA India (International Copper Association)

The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the leading not for profit organization for the promotion of copper worldwide set up in 1959. ICA has been operating since 1998 in India and has built an active association with the growing number of copper users through its programs. ICA India Programs are committed to improving the quality of life through better Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing better standards, across various products, applications, and industries, by leveraging upon the superior technical performance of copper.

Metalogic National Conference on Steel in Infra

Under the esteemed presence of distinguished dignitaries including Nagendra Nath Sinha (IAS, Secretary, Ministry of Steel), Maj. Gen Ashok Kumar (Ministry of Defense), Naveen Jindal (Chairman, Jindal Steel & Power), Amarendu Prakash (CMD Steel Authority of India Ltd.) and Ravindra Kumar Jain, IRSE, Managing Director, Dedicated Freight Corridor Corporation of India, the conference anticipates engaging discussions and valuable insights.

Monica Bachchan, Founder & CEO of Metalogic PMS, emphasized that this conference is more than just about steel. She expressed, "The goal is to unite various user industries, which becomes feasible when we encompass the entire value chain, including architects, structural and civil engineers, infrastructure developers, and steel manufacturers."

The conference will also feature the unveiling of an online portal by TMT Junction owned by Mr. Suresh Bajoria, a startup based in Nagpur. This platform aims to facilitate the buying and selling of steel online, streamlining the process for manufacturers and users alike.

The conference aims to raise awareness about the advantages of utilizing steel over other materials in the construction of infrastructure. Recent statistics indicate that while the steel to cement ratio in India stands at 0.35, it exceeds one in other countries. Moreover, steel-framed construction constitutes only 10 per cent in India, significantly lower than the global average of 40 per cent, and even reaching 80 per cent in some countries.

To address this critical issue, Metalogic PMS has brought together leading industrial players under one roof.

The conference will also address concerns among secondary steel manufacturers regarding their inclusion in government-related infrastructure projects. With the Indian government aiming to increase the country's per capita steel consumption from 87 kgs in 2023 to 220 kgs, there is immense potential for steel consumption growth. Domestic steel players are already gearing up to increase their production capacities, with the National Steel Policy projecting a production capacity of 300 million tons by 2030-31.

The National Conference on Steel in Infrastructure promises to be a significant platform for discussions and collaborations aimed at fostering the use of steel in India's infrastructure development journey.

In a strategic collaboration with the Fraunhofer Institute, Germany, International Copper Association India (ICA India), today announced the launch of “India’s Copper Stock and Flow Model”. This pioneering initiative aims to unravel the complexities of India's copper landscape, covering mining, production, end-of-life scrap generation, and recycling.
 

Copper scrap before recycling
 

Copper, recognized as a Critical Mineral, is at the forefront of India's strategic focus to develop sustainable exploration, processing, recycling and thereby, to attain an “Aatmanirbhar” growth. The unveiled model addresses a critical gap in comprehending India's recycling landscape, including active copper stock, end-of-life scrap generation, and recycling and collection rates. By addressing these questions, the model empowers policymakers, investors, and stakeholders to make informed decisions, formulate effective policies, and contribute to a more sustainable and efficient copper cycle.
 

On the launch of the Stock and Flow Model, Mr. Mayur Karmarkar, Managing Director, ICA India said, “The stock and flow model not only enhances the accuracy of copper recycling data but also carries profound implications for policymakers. This will help the policymakers gain invaluable insights and develop data driven copper resource strategy. The model's scientific foundation enables a deeper comprehension of the copper market, facilitating the crafting of policies that are not only effective but also tailored to the nuances of the supply chain.”

ICA India’s comprehensive Copper Stock and Flow Model for the financial year 2021 has been developed using a meticulous top-down & bottom-up approach. Rooted in historical data on copper consumption dating back to 1910, this innovative model integrates information on semi-finished goods production and end-use sectors, offering a panoramic view of copper dynamics. The model's revelations for India are striking as it highlights that India boasts an active copper stock of 15 million tons across applications like buildings, infrastructure, industry, consumer appliances, machinery, and computers. In FY21 alone, 1.1 million tons were added to this dynamic stock.
 

The model's capability to estimate end-of-life (EOL) scrap generation is of particular significance. EOL estimates are based on historical data and industry insights indicating the pace at which each products reach retirement and transform into potential scrap. Using this methodology, the India Copper Stock and Flow Model discerns that a noteworthy 380,000 tons of copper, sourced from discarded or end-of-life products, became available for recycling in FY21.

The study also revealed that that secondary copper, derived from the recycling of scrap both domestic and imported including finished products, currently fulfils over 50 per cent of India's copper needs. This is a critical information for policymakers and the industry as estimating the value of secondary copper has been a challenge. This model also underscores the importance of data collection and recycling in the nation's copper supply chain. Notably, India boasts one of the highest recycling rates (proportion of EOL copper scrap that gets recycled and reintroduced into the system) globally, ranging from an impressive 95.1 per cent to 99.4 per cent. This can be attributed to the high collection efficiency of discarded copper, the recognition of copper's high value across the entire value chain, and minimal copper loss during the remelting process.

Traditionally, copper recycling data has been a realm of uncertainty, often relying on guesstimates that fall short of providing a comprehensive understanding of market dynamics. On the other hand, the copper stock and flow model, is a scientific estimate that uses a rigorous and data-driven methodology, in turn driving away ambiguity surrounding data pertaining to copper’s life cycle.

About ICA India (International Copper Association)

The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the leading not for profit organization for the promotion of copper worldwide set up in 1959. ICA has been operating since 1998 in India and has built an active association with the growing number of copper users through its programs. ICA India Programs are committed to improving the quality of life through better Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing better standards, across various products, applications, and industries, by leveraging upon the superior technical performance of copper.

SBL Energy Limited, one of the top-rated mining/industrial explosives manufacturers in India, announced that it has raised INR 325 crores in growth capital from a clutch of marquee investors including Synergy Capital, India SME Investments and ace capital market investor Mr. Mukul Mahavir Agrawal. SBL will deploy the funds to expand its manufacturing capacity in India as well as launch new products.
 

SBL Energy, the second largest industrial explosives player in India, has been in operations for almost three decades and commands around 10% market share in India. SBL caters to both the mining and infrastructure sectors and is making inroads into the defence sector as well. Apart from supplying its products and services to the companies in India, the Company exports its entire range of products and services to customers in more than 20 countries.

Commenting on the fund raising, Mr. Sanjay Choudhari, Director, SBL Energy Limited said, “We are excited to partner with Synergy Capital, India SME Investments and Mr. Mukul Agrawal. Our investors are forward-thinkers, capable of aiding us in emerging as a leading manufacturer and supplier of explosives and accessories globally. The infusion of funds reinforces our commitment to further enhancing our product and service delivery capabilities. The growth capital also underlines our leadership position and the value we bring to our customers and stakeholders. The next few years look very promising for our industry and we will be striving to capture the emerging opportunities. In the next phase of our progress, we will be working together towards our next milestone of listing the Company.”

Mr. Sudhir Maheshwari, Founder & Managing Partner, Synergy Capital commented, “We are delighted to partner with SBL and help the Company in implementing its national and international expansion strategies. SBL has proven expertise and capabilities in delivering excellence industrial and mining explosives manufacturing. We look forward to supporting the Company’s journey as it is working towards scaling up its business both in domestic and international markets”.

Mr. Mitin Jain, Managing Partner, India SME Investments said, “Investing in SBL Energy reiterates our belief in the emergence of entrepreneurs from tier 2 and 3 centres who are playing a crucial role in India’s pursuit to achieve $ 5 trillion GDP. We are delighted to partner with SBL and look forward to supporting the founders in unlocking the value created by them over the last three decades”.

SBL Energy has engaged BDO India as its exclusive financial advisor and Cyril Amarchand Mangaldas as its legal advisor for the fund-raising round.

About SBL Energy Ltd.

SBL, along with its group companies, operates industrial explosives and initiating systems manufacturing plants in Raipur, Nagpur and Rourkela. The Company manufactures bulk, slurry and emulsion explosives. It also manufactures detonating fuse, NONEL, cast boosters as well as electronic detonators. The Company presently enjoys a 1% market share in the global explosives industry and is making significant strides in increasing its international presence. SBL has delivered around 4x EBITDA growth in the last 5 years.

For more information, please visit www.sblenergy.com.

About Synergy Capital

Synergy Capital invests across the capital structure in the industrial, metals and infrastructure sectors globally, and its specialist private equity fund with a Category I Foreign Portfolio Investment (FPI) licence from the Securities and Exchange Board of India (SEBI) has made the current investment in SBL.

For more information, please visit www.synergycapital.co.uk.

About India SME Investments

Set up in 2019, India SME Investments is an early growth stage private equity fund targeting fast growing companies primarily based out of/operating in Tier 2/3 centers of India backed by high quality management teams, with ingenious business models and improving operating efficiencies through adoption of technology. India SME Investments is generally the first institutional investor in its investee, working closely with dynamic founders to support and help them create and unlock value for all its stakeholders. SBL is India SME’s 14th investment in the last 4 years, marking a closure of investments from its Fund I.

For more information, please visit www.indiasmeinvestments.com.

Gold is a symbol of prosperity and well-being in India. The allure of gold has been growing across generations. Thus, for consumers and investors, it becomes vital they choose gold and silver products with the highest purity level.
 

Mr. Vikas Singh, MD & CEO, accepts the prestigious award for MMTC PAMP, recognized as India's Purest Gold & Silver Coins/Bars Brand by the India Book of Records
 

In this endeavour, MMTC-PAMP, India’s only London Bullion Market Association (LBMA) – accredited Good Delivery Gold and Silver refiner, has been recognised as the country’s only brand providing the purest gold and silver coins and bars with 999.9+ purity level and positive weight tolerance to consumers and investors.
 

Many players in India offer 24K gold which can be represented as 999 fineness. This 999 fineness gold is 999 parts pure gold out of 1,000 parts, with small traces of other metals. MMTC-PAMP consistently provide minted gold and silver coins and bars with the highest purity level at 999.9+, meaning, customers will receive over 999.9 grams of gold or silver out of 1,000 grams of the respective precious metal.
 

Speaking on the honour and recognition of this award, Mr. Vikas Singh, Managing Director and CEO, MMTC-PAMP, said, “We are truly honoured to be recognized as India’s purest gold and silver brand by the India Book of Records. This achievement reflects our firm commitment to providing our customers with products that exemplify the pinnacle of purity and artistry, with up to 999.9+ purity gold and silver products. This recognition reflects our commitment to excellence through the finest Swiss craftsmanship. At MMTC-PAMP, we take pride in crafting exceptional products that resonate deeply with our consumers’ needs. We hope that our products not only serve as treasures for our customers but also become cherished souvenirs symbolizing blessings, prosperity, and new beginnings.”
 

When it comes to gold refining, MMTC-PAMP is the only refinery that uses silver as the balance metal, thus providing customers with a more valuable minted gold product. By aiming to surpass the conventional 999.9 purity, MMTC-PAMP seeks to establish a new gold standard for the industry. This record attempt is not just about breaking records; it's about redefining what customers can expect from the gold they invest in.
 

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment.

About MMTC PAMP

A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.
 

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Also, MMTC-PAMP is India's First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by the SBTi.

Establishing a holistic certification concept in the raw materials sector capable of managing its highly complex certificate landscape, is a pivotal milestone. Especially, since raw materials have an essential role in addressing the challenges of our time, such as the sustainable transformation of our society, digitalization, the transition to renewable energy and transportation. The raw materials sector is challenged with an increasing number of tasks and legal regulations that are being implemented in Europe and around the globe to achieve transparency and sustainability. But these challenges also provide new opportunities that will change the raw materials sector worldwide. The EU-funded TUV NORD CERA 4in1 certification system, with its four integrated standards, is perfectly equipped to help accomplish these tasks and fulfill the expectations of all stakeholders, including investors, shareholders, clients, business partners, governments, employees, and society itself. As this certification system enables end consumers and businesses to make sustainable purchasing decisions.

What is CERA 4in1?

CERA 4in1 is the first and (so far) only certification concept that provides proof of ESG-compliance along the entire value chain: from exploration through extraction and processing up to the final products. The four-step solution with its integrated standards, the Readiness Standard (CRS), the Performance Standard (CPS), the Chain of Custody Standard (CCS), and the Final Product Standard (CFS) has one big advantage: It targets all kind of minerals, everywhere in the world and is applicable to any size of company.

Sandra Gerhartz, Managing Director, TUV NORD CERT, explains the current market situation, “Sustainability certifications in the raw materials sector are extremely complex and often vary significantly. To enable transparency all the way to the end user, we need a smart and streamlined certification process to reliably measure ESG compliance and certify accordingly. CERA 4in1 is the first worldwide certification concept that covers all minerals along the entire value chain up to the final product.”

Considering the shortcomings of existing certificates covering only parts of the value chain or certain raw materials and thus creating a confusing, complex and fragmented market situation, the universal approach of CERA 4in1 simplifies the certification process, reduces complexity and brings transparency and reliability to the raw materials sector. Today’s launch of the CPS is just the beginning of a transition in the raw materials sector in order to create more secure supply chains for the future.

India's Mining Industry: Balancing Growth Challenges, Sustainability Needs, and Global Competitiveness

India's mining industry, a vital contributor to economic growth and employment, faces challenges in attracting investments and addressing environmental and social concerns, including child labor, land degradation, and water pollution, among others. Despite its global standing in iron ore and coal production, the sector aims to surmount historical challenges through initiatives such as the Atmanirbhar Bharat Abhiyan. The government's goal is to elevate the industry's GDP contribution from 1.75% to 2.5% by implementing reforms and doubling mineral production over the next seven years. Moreover, the industry's low foreign direct investment (FDI) in this sector underscores the need for transparent and internationally competitive policies to attract more investments.

To address challenges and foster sustainable practices, certifications like TUV NORD CERA 4in1 will play a pivotal role. By incorporating environmental, social, and governance principles, CERA 4in1 ensures sustainable practices throughout the entire value chain up to the final product. This holistic approach not only tackles internal challenges but also enhances the global competitiveness of Indian mining operations. Certified operations signal a commitment to responsible practices, positioning them to access international markets that prioritize ethically sourced and environmentally conscious minerals. Adhering to international sustainability standards, Indian mining operations certified by CERA 4in1 will contribute to global sustainability goals, playing a crucial role in meeting the increasing demand for minerals while simultaneously elevating India's stature in the international marketplace as a responsible and competitive player in the global mineral market.

What are the benefits of CPS?

The TUV NORD CERA 4in1 Performance Standard is the first achieved milestone towards transparency in the raw materials sector. It enables companies of all sizes in the areas of mining, processing, smelting and refining to certify the ESG-compliance of their facilities (e.g. mine sites) or sequence of operations (e.g. mine site and processing plant). The well-structured step-by-step approach prevents an overburdening in the process while still fulfilling all ESG requirements.

“CPS will enable mining companies of all sizes to receive a clear route to meeting the sustainability requirements of international markets. Being certified according to CPS contributes to the long-term profitability and competitiveness of the company in the raw materials sector, making it a trustworthy business partner, who demonstrates responsibility,” confirms Dr. Andreas Hucke, TIC-Manager CERA 4in1, TUV NORD CERT.

The impact of the CPS has already been tested in practice. A major German car manufacturer has already carried out a comprehensive sustainability audit in accordance with the first standard, the CERA 4in1 Performance Standard in the Democratic Republic of Congo, as a pilot project finalized in 2023 in its collaboration with a cobalt mining company. In another pilot, the mutual recognition of a national ESG standard with the international CERA 4in1 standards was successfully trialled as part of a pilot project with the Spanish holding company ICL Iberia. This means that national producers can also use CERA 4in1 to fulfil international sustainability requirements and expand their markets. 

CPS is the first step to support the raw materials sector on its path to a sustainable future. CPS and CERA 4in1, which will be fully available by 2026, have the potential to shape a better future for us all by enhancing transparency, building trust, contributing to environmental and social goals, and thus helping to establish responsible business practices.
 

For more detailed information, please see the attached factsheet and visit:

TUV NORD CERA 4in1 – Certification of Mineral Raw Materials

TUV NORD CERA 4in1 Performance Standard (CPS) - ESG certification for mining, smelting, and refining

About TUV NORD CERT

TUV NORD CERT is an internationally recognized and reliable partner for testing and certification services. Our experts and auditors have in-depth knowledge and are always permanently employed by TUV NORD. This guarantees independence and neutrality as well as continuity in the support of our customers.

About TUV NORD GROUP

Since our foundation more than 150 years ago, we have been the global byword for security and trust. As a knowledge-based company, we have the digital future firmly in mind. With specialists ranging from engineers and IT security professionals to professionals for the mobility of tomorrow, we use our expertise in over 100 countries to ensure that our customers will be even more successful in the networked world.

Material Recycling Association of India (MRAI) is organizing the 11^th IMRC conference and expo on the recycling industry from 23^rd - 25^th Jan 2024 at Biswa Bangla Mela Prangan, Kolkata, India. MRAI’s 11^th IMRC conference and Expo is Asia’s biggest event which will be attended by more than 2,000 delegates having 200 exhibitors from more than 35 countries are participating in this event. More importantly, this year's event has the Circular Economy Model Demonstration zone having the best innovation in the recycling and circular economy and it will be demonstrated by the Indian Institute of Technology (IITs) from Ropar, Kanpur, Kharagpur, and Bombay.

The theme of the conference will be more focused on the ‘Recycling Industry Transition Towards Vision 2047’. The three-day event will have detailed deliberations on the roadmap for the Recycling Industry to achieve ‘Vision 2047’ towards sustainable consumption and production patterns to minimize environmental degradation.

Hon’ble Shri Pralhad Joshi, Union Minister of Parliamentary Affairs, Coal & Mines and Hon’ble Shri. Jyotiraditya Scindia, Union Minister of Steel confirmed their presence as our Chief Guest for 24^th Jan and 25^th Jan 2024. This 3-days event will be graced by key policymakers including Shri Amitabh Kanta, Sherpa, G-20, GOI, Ms. Ruchika Govil Chaudhary, Additional Secretary, Ministry of Steel, Ms. Farida Naik, Joint Secretary, Ministry of Mines, Shri Ved Prakash Mishra, Director - HSM, MoEF&CC, Shri Anand Kumar, Director, CPCB, Shri Vijay Yadav, Director, CPCB, Dr. Sandeep Chatterjee, Shri Shivam Trivedi, Member Secretary, PCD-12, BIS, Sanjay Kumar, DG, DHEMO, Niti Aayog, Shri Vishal Kumar Rana, Member Secretary, MTD-8, BIS, Paresh Goel, Director, MoRTH etc.

Mr. Sanjay Mehta, President MRAI

Sanjay Mehta, President, MRAI shared, “The year 2024 will turn out to be the year in which India's newly introduced reforms will propel it into a growth trajectory exceeding 8% which will cross the $4 trillion GDP mark. At the same time, pressing issues like Climate change, Environmental pollution, and dwindling natural resources are the major challenging issues that certainly require resource efficiency and promote the circular economy. Therefore, India needs to adopt sustainable production and consumption with the minimum content of recyclable material, effective waste management, and a scientific way of recycling."

India has the potential to become a global leader in recycling, given its vast population and the increasing awareness of the importance of sustainability. The recycling industry in India has the potential to create jobs, reduce the impact of waste on the environment, and contribute to the country’s economic growth. India's Recycling and Circular Economy related policy reforms are also aligning significant strides in this direction to mitigate these challenges. Such challenges require urgent solutions to convert ideas into action for climate change, decarbonization, cutting down carbon emissions, achieving circularity, and sustainability.

Looking at pressing issues, MRAI's 11th IMRC agenda is to highlight more on the future of Recycling, Circular Economy, Sustainability, Net Zero Emissions, Ensuring Raw Material Security, Zero Import Duty on Non-Ferrous Metal Scrap, EU Waste Shipment Law, CBAM, Standardization, Climate Change, Technological Advancement, etc. It will be more aligned with the Government policy measures to implement and enforce policies and regulations that include measures such as setting targets for reducing waste generation, promoting circular economy practices, and supporting sustainable procurement policies in consideration of the inclusive participation from stakeholders. Overall, it intends to accelerate the net-zero transition by enabling the world to meet the goals of the Paris Agreement in a human-centric way.

The 11^th IMRC year's conference will serve as an accelerator of that cooperation, deepening connections between policymakers from the Ministry of Steel, Ministry of Mines, MoEF&CC, CPCB, MeiTY, BIS, Niti Aayog, MorTH, global recyclers, traders, scrapyard owners, technology players, academicians.

The event also gathers support and participation from Key Global Recycling Associations like ISRI, BIR, EURIC, and BMR along with Domestic Associations like AIIFA, ANMA, ASMA, BME, BNFMA, ICDC, CGSIMA, CSRA, JEMA, SMAM.

MRAI’s 11^th IMRC conference will have an exclusive session on Plastic, Tyres, EPR Frameworks, Ferrous, Non-Ferrous, Plastic, E-Waste, Tyre, ELVs, and Non-Ferrous Demand-Supply Outlook which will be graced by speakers from the Ministry of Steel, Ministry of Mines, MoEF&CC, Niti Aayog, CPCB, BIS, DCPC, Industry Associations, CEO of Recycling Industry and Academic Institutions, etc.

Amar Singh, Secretary General, MRAI shared, "India is taking a leadership role in promoting sustainability and circular economy to minimize the carbon emission and environment impacts. MRAI is at the forefront of promoting the sustainable and scientific way of recycling practices and adding inputs in policy-making to ensure a better future for the planet."

The round table aimed to discuss challenges experienced in the adoption of the mandatory Solar DC Cable Standard, as prescribed by the Quality Control Order, throughout the planning, design, and installation phases of Solar PV systems. Additionally, it called for collaborative efforts among industry stakeholders to propose viable solutions to these challenges, intending to present these recommendations to the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of New and Renewable Energy (MNRE).

By fostering collaboration among stakeholders across the industry - including manufacturers, installers, and regulatory bodies - the roundtable set the stage for collective advocacy and action. This effort has marked a significant step forward in promoting a safer, more reliable, and sustainable future.

Dr. Ashish Kumar, Department for Promotion of Industry and Internal Trade (DPIIT) said, “The objective behind QC was to introduce quality into the Indian manufacturer system. When the standards are released, they are voluntary; it is up to the manufacturer whether to use the ISI mark on their product. Because of the QC, the imports of substandard products also get restricted, creating an awareness amongst buyers. There is an urgent need to maintain quality, particularly in products where safety is most important.”

Shri Ashok Kumar Rajput, Central Electricity Authority of India (CEA) said, “There is a need for Quality Control awareness programs at all levels and to focus on the wellness and promotion of Quality Control Order. Addressing the issue of poor quality and substandard materials in solar DC cables is critical for safety. While material availability and timely supply are a concern, other insulation materials could be recycled with the help of R&D in addition to copper, which is already highly recyclable.”

Solar DC Cables are crucial part of solar PV systems, responsible for transmitting the direct current generated by photovoltaic panels to the inverter and subsequently into the electrical grid. Solar photovoltaic (PV) systems have witnessed remarkable growth and adoption in India as an eco-friendly and cost-effective source of sustainable energy. However, the efficiency of solar PV systems is reliant on a number of factors, including the quality and safety of its components, with Solar DC Cables being a critical element.

The use of non-standard Solar DC Cables poses severe safety hazards, adversely impact system performance and lead to costly maintenance and repairs. To address these concerns and uphold the safety and reliability of these systems, regulatory authorities have mandated Solar DC Cables standards through Quality Control Order (QCOs).

While there are established quality product and installation standards, there is a notable opportunity to enhance awareness in the solar PV industry. This gap has led to the continued use of non-compliant or substandard material, posing risks to the environment, property, and public safety. Furthermore, it has the potential to impede the long-term success and adoption of solar energy. It is imperative to bridge this gap by raising awareness about the importance of using standard-compliant Solar DC Cables.

The roundtable was attended by eminent industry leaders and government officials including Mr. Chaitanya Kumar Varma, Former Special Director General, Region Chennai at Central Public Works Department (CPWD) Government of India, Dr. Ashish Kumar, Senior Consultant at Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, Mr. Ashok Kumar Rajput, Member (Power Systems) Central Electricity Authority, Ministry of Power, Government of India (CEA), Mr. Manas Kundu, Advisor (Energy Regulatory Affairs) at International Copper Association India (ICA India), among others. The audience comprised of cable manufacturers and solar power project developers.

About ICA India (International Copper Association)

The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the leading not for profit organization for the promotion of copper worldwide set up in 1959. ICA has been operating since 1998 in India and has built an active association with the growing number of copper users through its programs. ICA India Programs are committed to improving the quality of life through better Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing better standards, across various products, applications and industries, by leveraging upon the superior technical performance of Copper.

MMTC-PAMP, India's only London Bullion Market Association (LBMA) Good Delivery gold & silver refinery, reinforces its commitment to sustainability as the first precious metals company in India to have science-based carbon emissions reduction targets approved by the Science Based Targets initiative (SBTi). This marks a pivotal milestone for MKS PAMP GROUP as both MMTC-PAMP and MKS PAMP commit to carbon emission reduction targets.

MMTC-PAMP reinforces its commitment to sustainability by actively minimizing its carbon footprint

MMTC-PAMP India Private Limited commits to reduce absolute scope 1 and 2 GHG emissions 47% by FY2029/2030 from a FY2018/2019 base year. MMTC-PAMP India Private Limited also commits to reducing absolute scope 3 GHG emissions by 27.5% within the same timeframe. Continuing its ongoing commitment to sustainability, MMTC-PAMP, among other initiatives has also recently implemented 705 kWp of solar energy panels, actively contributing to decarbonization and reducing its carbon footprint.

Commenting on the target approval by the SBTi, Mr. Vikas Singh, Managing Director and CEO, MMTC-PAMP India Private Limited said, “We are proud to be leading our industry in this transformation and are deeply devoted to making a substantial impact in our environmental engagement. In line with this vision, we have set forth a robust commitment to drive meaningful change in our carbon footprint.”

“Today, we welcome MMTC-PAMP’s science-based targets consistent with limiting warming to 1.5°C,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “The ambition of MMTC-PAMP’s targets is aligned with the need for the global economy to rapidly cut emissions. This company is setting an example for the rest of its industry, and I urge others in its sector to set their targets too.”

The Science Based Targets Initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. 

MMTC-PAMP's commitment towards sustainability and the approval from the SBTi underscores MKS PAMP GROUP’s ambition to accelerate its sustainability agenda across its companies.

A joint venture between Switzerland-based bullion refinery, MKS PAMP SA, and MMTC Ltd, a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. MMTC-PAMP has received several awards since its inception from local and global industry bodies for transparency and sustainability that it rigorously upholds in its sourcing, refining, and supply of precious metals in the Indian market.

The Science Based Targets initiative (SBTi) is a global body enabling companies and financial institutions to set ambitious emissions reduction targets in line with the latest climate science. The SBTi’s goal is to accelerate businesses across the world to support the global economy to halve emissions before 2030 and achieve net-zero before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets

Satish Pai, Managing Director of Hindalco Industries and Chair, IAI along with dignitaries during the 'Ambition to Action' session, announcing GHG initiatives launched by IAI at COP 28

Signatories include Aluminerie Alouette, Aluminium Bahrain (Alba), Alcoa Corporation, Alumina Limited, Companhia Brasileira de Alumínio (CBA), Emirates Global Aluminium (EGA), Hindalco Industries Limited, Norsk Hydro, Mitsubishi Corporation, Rio Tinto Aluminium, Rusal, Sohar Aluminium and South32.

Under the new initiative, the IAI is committed to the following:

• Track and report on our member company’s ambition and progress in greenhouse gas emission reductions

• Report total global greenhouse gas emissions of the aluminium industry; on a public and annual basis.

Emissions reduction will require investment in new equipment and technology at company and facility level. This initiative facilitates that action through three components:

1. State a long-term greenhouse gas emission reduction target by 31 December 2024 - preferably net-zero and preferably by 2050 - and a plan to achieve the target;

2. Identify an interim greenhouse gas emission reduction milestone - ideally by 2030 - to ensure early progress can be tracked;

3. Disclose progress annually including all facilities utilizing the “IAI Good Practice for Calculation of Primary Aluminium IAI’s Carbon Footprint Methodology” and the “IAI Guidelines on Transparency - Aluminium Scrap” as the calculation references.

This latest initiative aims to foster ambition across the sector and transparently track progress. It complements a range of continual activities and programmes by the IAI to ensure the industry can contribute to achieving global climate targets.

In March 2021 the IAI published a report, Aluminium Sector Greenhouse Gas Pathways to 2050, which set out three technology pathways to emission reductions, in line with the Paris Agreement goals. At COP 26 IAI published an additional decarbonisation scenario for the aluminium sector in line with limiting global warming to 1.5 degrees Celsius.

Earlier this year, it built on that by announcing Aluminium Forward 2030, a coalition of IAI's 25 production members and 20 downstream and customer companies who are joining forces to transform the aluminium sector. The aim is to accelerate progress towards the global net zero target through close collaboration while ensuring that actions also consider all the other UN Sustainable Development Goals.

IAI Secretary General Miles Prosser said, “The aluminium industry is committed to rapidly reducing greenhouse gas emissions and acknowledges that investment and action is required to achieve global goals. The IAI has consistently managed programmes to foster collaboration and action on sustainability and this initiative will drive ambition and action to decarbonise aluminium supply chains.”

Satish Pai, Managing Director of Hindalco Industries and Chair, International Aluminium Institute said, “We gladly welcome the initiative to be transparent on GHGs. Hindalco has been a leader in sustainable metal manufacturing for years. Because of its infinite recyclability, aluminium is ideal for circularity - the carbon footprint of recycled metal is just 5% of primary smelting. We are among the global leaders in circularity with our subsidiary Novelis using recycled metal for 61% of its total aluminium usage, over 2.3 million tons last fiscal year. To reduce emissions, we are advancing innovative clean energy solutions in primary smelting - such as renewable hybrid power with pumped hydro storage. Among the first in the aluminium sector, this project is on course to deliver round-the-clock carbon-free power to our smelters, starting with 100MW. Our emission initiatives are a key aspect of our broader sustainability vision, which also includes audacious targets on reducing water and waste and protecting communities and biodiversity.”

At COP 28, Hindalco won the Energy Transition Change Maker award for their pioneering renewable energy initiative in aluminium decarbonisation. This ground-breaking project marks the world's first renewable hybrid endeavour supported by pumped hydro storage in the aluminium sector.

Claude Gosselin, President and CEO of Aluminerie Alouette said, ‘’Innovate for the benefit of our environment than actively contributing to global climate change fight are flagship commitments for Aluminerie Alouette. The International Aluminium Institute (IAI) and its members are leading by example, emphasising the duty of all within the value chain. Ultimately, aluminium is a solution to climate change. We therefore need to focus on our product, which is infinitely recyclable, while working upstream on new technologies and operational changes to further reduce GHG emissions. The expertise of our employees and our mastery of processes enable us to produce aluminium with one of the lowest carbon footprints in the world. We don't intend to stop there.’’

 Ali Al Baqali, Chief Executive Officer of Aluminium Bahrain (Alba) said, “Climate change is one of the most pressing issues of our time, and as the CEO of Alba, I believe it is our responsibility to take action. We are committed to do our part in addressing this global challenge and driving positive change. we are constantly exploring new ways to minimize our environmental impact and contribute to the fight against climate change while at the same time implement sustainable practices. But our commitment goes beyond internal actions; we are actively engaging with stakeholders and collaborating with industry peers as collective action is central to achieve meaningful progress.”

“The world needs aluminum for the transition to a lower carbon world, and we are ready to meet the expected increase in demand for low-carbon aluminum,” said Alcoa President and Chief Executive Officer, Bill Oplinger. “Alcoa has an ambition to achieve net zero by 2050, and we’re working diligently to get there with mid-term goals while also boosting the percentage of renewable energy to power our smelters,” he said.

Mike Ferraro, CEO of Alumina Limited said, “Alumina Limited continues to focus on transparency and reporting of its emissions profile whilst striving to achieve its net zero by 2050 ambition, and we are pleased to commit to the IAI Greenhouse Gas Initiative. This commitment not only aligns with Alumina Limited’s own targets but demonstrates that the aluminium industry as a whole understands the importance of transparency and taking meaningful actions to decarbonise. Alumina Limited continues to emphasise the key physical attributes of aluminium, including corrosion resistance, ductility, impermeability, recyclability, and low density. We believe these attributes convey that aluminium has an important role to play in facilitating a low carbon transition.”

Luciano Alves, CEO of Companhia Brasileira de Alumínio (CBA) said, “Aluminum plays a very relevant role in current and future global challenges, especially energy transition and combating climate change. At CBA, we already offer low-carbon aluminum, with emissions of 3.03 tons of CO2e per ton of liquid aluminum produced, 4 times below current world average, but we believe we can always do more. For this reason, we are committed to reducing our emissions by 40% from 2019 to 2030, from mining to primary products, and we have been engaging our value chain to act in line with ESG best practices. For us, a more sustainable world is also more collaborative. Therefore, IAI initiatives are essential for us to pursue, together, all pathways towards emissions reduction, an urgent matter for our planet.”

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, “Aluminium is an essential material for the development of a more sustainable society. It also matters how sustainably aluminium is made, and EGA is committed to reaching net zero by 2050. Accelerating decarbonisation right across the industry is key if aluminium is to reach its full potential to contribute to human progress. That is why EGA strongly supports the International Aluminium Institute in this industry-wide decarbonisation initiative and has signed up to the initiative’s requirements.”

Hilde Merete Aasheim CEO of Norsk Hydro said, “Aluminium is a critical material for the green transition. However, the transition will only be green if the materials are produced with the lowest carbon footprint possible - with a minimal impact on nature and people. Hydro set ambitious targets to reduce greenhouse gas emissions by 30% by 2030 and become carbon neutral by 2050, and we are well on track to deliver. We are supporting the International Aluminium Institute’s initiative for an industry-wide decarbonisation path.”

Hiroshi Nakayama, General Manager of Aluminium Department Mitsubishi Corporation said, “As a member of the International Aluminium Institute (IAI), we are pleased to join IAI’s GHG Initiative, which aims to reduce greenhouse gas emissions from the aluminium sector. Participating in the initiative will enable us to enhance our competitiveness, innovation and resilience in the global market while creating value for our stakeholders and the environment. We are proud to be part of the IAI and its vision of a sustainable aluminium industry.”

Engineer Said Al Masoudi, CEO of Sohar Aluminium stated, “At Sohar Aluminium, we strongly believe that working together with all concerned parties is essential to reduce the overall impact on the environment and ensure a sustainable future for our generations to come. As part of our efforts, we are aligned with the Sultanate of Oman’s commitment to achieve Net Zero by 2050 while interim targets are being set for 2030 and 2040. Signing up to the GHG initiative by IAI is another step in our commitment towards decarbonisation and transparency in our journey towards an organisation that has and will Deliver Aluminium Responsibly.”

Notes to editors

Companies with aluminium investments but who do not have operational control may choose to publicly demonstrate their commitment by following the above actions at a whole-of-business level. IAI member companies who are minority shareholders in aluminium businesses can report progress using other calculation references to allow for consistency in their overall reporting.

About International Aluminium Institute

The International Aluminium Institute (IAI) is the only body representing the global primary aluminium industry. The Institute has the most comprehensive global data on Aluminium with more than 50 years of analysis on production, consumption, energy use and environmental impact.

For more information, visit www.international-aluminium.org, or connect with us on X and LinkedIn.

Sikhs, with a rich cultural history, come together to celebrate Guru Nanak Jayanti, or Gurupurab globally, commemorating the 554^th birth anniversary of Guru Nanak Dev Ji, the Founder of Sikhism. This occasion holds profound spiritual significance emphasizing the core tenets of Sikh philosophy such as the oneness of God, equality, and selfless service. The faith and belief around the occasion resonate vividly in the tapestry of rich folk songs and vibrant Nagarkirtan processions in the streets, narrating the life and teachings of Guru Nanak Dev Ji that transcend religious boundaries, fostering solidarity and mutual respect.

MMTC-PAMP’s Guru Nanak Dev Ji 999.9+ purest 50 gm Silver Bar, perfect for gifts and memorabilia

Encapsulating the purest of emotions, MMTC-PAMP, India's only London Bullion Market Association (LBMA) Good Delivery Gold & Silver refiner, unveils a fine range of silver bar carrying an image of the Guru Nanak Dev Ji and Harmindar Sahab; a timeless reminder of faith and reverence that can be used for etching memorabilia and sharing as gifts. This exquisite 999.9+ purest silver bar comes in a 50 g denomination and is finely crafted to reflect the aura of the spiritual leader. A perfect gift and souvenir, MMTC-PAMP’s coloured Guru Nanak silver bars represent the spiritual radiance of the Saint. This timeless souvenir comes beautifully packed in a premium box, making it ideal for gifting, while also appealing to collectors of limited-edition world-class products.

Speaking about the announcement, Vikas Singh, Managing Director & CEO of MMTC-PAMP said, “Guru Nanak Dev Ji, the first Guru of the Sikhs, advocated selfless service and social justice to humanity. On the occasion of Guru Nanak Jayanti, our 50 g commemorative silver bar is a timeless tribute bearing the coloured and peaceful image of the enigmatic Guru Nanak Dev Ji with the Harmandir Sahab in the background. These meticulously crafted bars symbolise our deep respect and devotion to the founder of Sikhism. MMTC-PAMP is renowned for its 999.9+ purity gold and silver products and reflects our commitment to excellence with the Finest Swiss Craftsmanship.”

This one-of-a-kind product is available in a 50 g silver square shape bar that portrays Guru Nanak Sahib Ji along with ‘Ek Onkar’, in Gurmukhi which translates into “There is only one God”, on the back side of the bar. 

The products can be found on:-

shop.mmtcpamp.com/guru-nanak-dev-ji-9999-50-gm-silver-bar

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment.

About MMTC-PAMP

A joint venture between Switzerland-based bullion brand, PAMP SA, and MMTC Ltd, a Government of India Undertaking, MMTC-PAMP seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. We have received several awards since our inception from local and global industry bodies for the transparency and sustainability that we rigorously uphold in our sourcing, refining and supply of precious metals in the Indian market. MMTC-PAMP is the only LBMA-accredited Gold & Silver refinery in India and is accepted across global commodity exchanges and central banks.

Indian aluminium demand is growing rapidly due to increase in population, urbanisation and industrialisation. It is an important metal for high-value demand segments like infrastructure - Power, Transportation, Railways, Aerospace, Building & Construction, Renewable Energy and Consumer Durables to remain net zero economy by 2050.

India’s growing appetite for aluminium industry is largely accounted by demand for aluminium recycling industry in India which is zoomed at a CAGR of 9-11% from fiscal 2015 and 2023, while primary aluminium demand registered a CAGR of 1-2% only. India’s automobile, power, railways, packaging, consumer durables and construction sectors are the key demand drivers for recycling aluminium industry.

Looking to environment concerns, domestic primary aluminium manufacturers have the highest carbon intensity among global producers, with emissions of 14 tonnes of CO2 equivalent per tonne of aluminium. Whereas, recycled aluminium industry emits only 0.3MT CO2 per ton of recycled aluminium products.

India’s lower carbon-intensive aluminium recycled products demand is increasing day by day with newer applications with the growing appetite for environmentally friendly products due to its higher usage of scrap is another lever for decarbonisation. 

While recycling aluminium industry is facing major challenges of domestic scrap collection due to lowest per capital consumption in India in past. As Aluminium has a long life cycle, there is always a long gap between a recycled product entering into services and its end of life. Given, India’s fast paced growth, under the leadership of Prime Minister Modi Ji, India is consuming much more materials than is available from End-of-Life products. Hence, the recycling industry relies on imports of Metal Scrap to meet the shortfall to ensure sustainable business.

Mr. Sanjay Mehta, President, MRAI

“We strongly urge the Government must provide a level playing field for both primary and secondary sector as we believe both are vital contributors to the national economy, for example, if customs duties are applicable on import of scrap, then commensurate export duties on the basis of total cost to country on primary products should also be levied. Further, the Standards on Scrap material should be formed after consultation with recycling aluminum industry and to support recycling it should be industry friendly and not restrictive in nature, else it will have a negative impact on the aluminum recycling industry which is supporting to minimize the carbon emission,” as Mr. Sanjay Mehta, President, MRAI urged the government.

“Overall, we request government policy makers should make zero per cent duty on metal scrap till India becomes the Atmanirbhar on the availability of sufficient quantity and quality of scrap,” added by Mr. Mehta.

While highlighting the benefits of Secondary Aluminium Industry, Mr. Mohan Agarwal, MD, CMR Green Technologies Ltd., mentioned that, the usage of Recycled aluminium, due to its monumental benefits of being environment friendly, being high quality, generating large employment and being cheaper is growing a very faster pace. While recycling does not generate any liquid or solid effluents and has CO2 imprint of only 0.3 mt per ton, every 1 mt of primary aluminium generates 14 mt of Co2 emission and 8 mt of hazardous land fill. Therefore, as a services to the future generations, we must promote recycled aluminium over primary aluminium as added further by Agarwal.

Highlighting the role of recycling in the Indian Economy, Mr. Dhawal Shah, Partner, Metco Ventures LLP emphasized that, “India’s secondary aluminium metal manufacturing sector is playing a larger role in the circular economy, sustainability and low-carbon economy to minimise the CO2 emission. Despite this, Primary aluminium producers often suggesting to impose higher import duty on aluminium scrap and also demanding scrap unfriendly BIS specifications, insufficient collection systems which can hinder the market growth,” added further by Mr. Shah.

However, many countries like EU, UAE & South Africa have recognised that scrap is a critical raw material and have legislated to prevent its exports making it virtually impossible for us to import scrap. This is going to become more challenging ever after the execution of EU Waste Management Rule which will be effective from 1^st Jan 2025 for the non-OECD countries. 

More importantly, India needs to have strategy for enhancing scrap imports as the world is shutting exports and domestic sourcing is limited. Though, the present policy regime is highly skewed in favour of primary producers and every day new barriers to recycling aluminium business are being erected by the primary sector – such as aggressively advocating tariff and non-tariff barriers on secondary producers, introducing unreasonable and un-implementable standards for raw materials etc.

The copper demand registered double-digit growth for consecutive years after a contraction in FY21 due to the COVID-19 pandemic. The current trend indicates sustained and robust growth opportunity for new investments in the Indian copper industry.
 

This growth is based on strong foundation of policy reforms, public & private investment and consumer spending in various end-use sectors such as building construction, renewable energy, electric-mobility, industrial, railways & metros, power transmission & distribution and white goods. 
 

The transportation sector, including automotives, railways and metros, is one of the primary drivers of this growth, which has witnessed a 34 per cent increase in copper demand. This can be attributed to the electrification & modernisation of railways, addition of rapid transportation and 21% growth in sales of automobiles including rising adoption of electric vehicles (EVs).
 

In the construction sector, 11% growth in copper demand can be attributed to the increased use of copper per square foot, especially in premium, high and middle-income houses.
 

The Production-Linked Incentive (PLI) scheme has driven capex expansion in industrial sectors, with INR 1.7 lakh Crore of investments being announced, leading to an increase in copper demand.
 

The pent-up demand from FY21 and FY22, due to the COVID-19 pandemic, has resulted in remarkable growth in FY23 in the consumer durables sector, such as Room Air Conditioners (RACs) and electronic devices like laptops, PCs, and mobile phones. Rising disposable income has also contributed to this sector's growth.
 

Mr. Mayur Karmarkar, Managing Director, ICA India said, “Indian copper demand is driven by economic growth and infrastructure development. The copper demand will be further sustained in view of urbanization trend from current 36% to 43% by 2035. The government has officially classified the metal as a critical mineral as it is essential for advancement in many sectors including hi-tech electronics, telecommunication, transportation, defense and clean energy transition.”
 

“As copper is a versatile material used in various forms and across many applications in clean energy solutions, thereby enabling abetment of 2/3^rd of global Greenhouse Gas Emissions (GHG). One tonne of copper used in clean energy technologies saves between 100 to 3,750 tonnes of GHG emissions making copper not only an energy efficient but also an economic metal.” he added.
 

This demand was met through increased production of refined copper (cathode) from 485 KT in FY22 to 563 KT in FY23. To fill the balance supply gap, the net imports of refined copper increased by 180% along with 22% increase in use of secondary copper (direct melt).
 

About ICA India (International Copper Association)

The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the leading not for profit organization for the promotion of copper worldwide set up in 1959. ICA has been operating since 1998 in India and has built an active association with the growing number of copper users through its programs. ICA India Programs are committed to improving the quality of life through better Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing better standards, across various products, applications and industries, by leveraging upon the superior technical performance of copper.

Stainless Steel product
 

The Government of Odisha is now the fastest growing economy and also the largest stainless steel producer in the country, accounting for more than 20% of the country's crude steel production capacity. Odisha's partnership with the GSSE provides the state with the opportunity to interact with more than 150 stainless steel producers and 10,000 distributors, stockist and end users’ industry from 25 states and 30 countries who will be present at the mega expo

The Hon’ble Minister for Industries, MSMEs and Energy, Government of Odisha, Sh. Pratap Keshari Deb, has consistently positioned Odisha as a preferred location for the metal and allied industries due to its natural resources and advantageous ecosystem. The partners and visitors of the GSSE Expo will have the opportunity to interact with the Government of Odisha. As the economy of the country is expected to grow rapidly in the near future, the demand for value added products will multiply. This offers good potential for the development of downstream industry as Odisha is the largest producer of steel, stainless steel and other metals.

According to Mr. Hemant Sharma Principal Secretary Industries Govt. of Odisha said, "The way Odisha is attracting investments, GSSE partnership will further boost investment in this Eastern State which will turn as the steel capital of the world. Odisha is the only coastal mineral rich State in the country is today contributing 34.3 per cent of the total mineral production. By 2030, the State will contribute over 34 per cent, over 100 MT, of the total steel production in India." added Mr. Sharma

"The stainless steel industry is set to see enormous growth over the next few decades as urgent calls for environmental action take center stage," said Mr. Abhyuday Jindal, Managing Director of JSL. "As producers of a product that is made from recycled material, a product that is infinitely recyclable, and a product that gets applied in almost all energy conservation projects, Indian producers have the unique responsibility of shaping India’s green future and riding towards exponential growth due the enormous opportunities arising from widespread greening," added Mr. Jindal.

"The demand for stainless steel in India is expected to grow at an average of 9 to 10 per cent per annum over the next few financial years, doubling the growth rate of 4.5 per cent in the last five financial years," said Ms. Anitha Raghunath, Director of Virgo Communications and Exhibitions, the organiser of the GSSE Expo.

"Demand from other major sectors with application of stainless steel will find extensive usage across diverse consumer segments such as architecture, building, pipes and tubes, kitchenware, urban furniture and construction (ABC segment), automobiles, railways including metros, transport (ART segment), and other process industries in the next few fiscals, given higher consumer spends and recovery in consumption in India," added Ms. Anitha.

Stainless Steel Exhibition: Where elegance meets durability

India has now emerged as the fastest growing market for stainless steel in the world. With increase in adoption as a material of choice, and support from initiatives like Make in India, Atmanirbharta, increased focus on Infra, Railways, Defence and Aerospace sectors.

The emerging opportunities are coming as a blessing specifically for a sector that has lived in the shadow of its bigger brother “Carbon Steel” and is plagued by many challenges like cheap dumping from neighbouring countries, reduction in demand for stainless steel utensils etc which used to be a big part of the market. The silver lining is the tremendous potential to cater to the demands of Railways, Oil & Gas, Green Hydrogen, Ethanol, Food Processing, Infrastructure, Chemical & Petrochemical, Building & Construction etc.

Indian Stainless Steel Development Association (ISSDA) in Partnership with Infinity Expo Private Limited and supported by its member companies, is leading this change and growth from the front and is organising an International Conference cum Exhibition on Stainless Steel under the Aegis of Ministry of Steel, with the support of the Ministry of Commerce, Bureau of Indian Standards, Ministry of Micro Small & Medium Enterprises, Niti Ayog, Invest India, Ministry of Railways, World Stainless Steel, Nickel Institute in association with ISSMA, ISSDO and various associations connected to the sector from 3rd to 5th August 2023 at the India Expomart Greater Noida to provide a platform for the Stainless-Steel industry to meet, greet and transact business.

The event will attract 150+ participating companies covering the entire value chain including but not limited to input materials, processing machinery, finished products and secondary processing techniques critical to the Stainless-steel sector. The event will be attended by 8000+ professionals connected to the sector. A collocated conference will run 10 Focussed Roundtables on increasing consumption of Stainless Steel in key sectors like Railways, Infrastructure, Oil, Gas and Energy, Chemical & Petrochemical, Pharma, Medical & Healthcare, Architecture, Building & Construction etc. A set of excellence awards on the second day will bring to the forefront stories of excellent contribution by individuals and enterprises towards the development of the sector.

The event has participation from some of the leading names in the Industry like Jindal Stainless Limited who are the Presenting Partners for the event, Synergy Steel & Sunflag Steel the Platinum Partners for the event, and Ratnamani Metals, Novacel, TRL Krosaki, Avtar Steel, Sarvesh Metal etc. A Ministry of MSME supported pavilion will allow MSME enterprises to participate and make the most of the emerging opportunities.

ISSE 2023 is a must attend event for every serious stakeholder of the stainless steel value chain. For further details on the event you can get in touch with Ajay Tiwari at ajay@infinityexpo.in. 

Climate scientists today suggested to the state government to incentivise and urge coal mining companies on methane handling, considering that methane’s potential to warm the environment is 84 times more than that of Carbon-di-oxide (CO2). Among other suggestions the experts also suggested that somebody should be made accountable to capture methane from abandoned coal mines that continue to emit methane in the environment, which has not been addressed as yet.
 

L to R: Prof C K Varshney, Advisor ICCSA, Prof. A D Sawant SOCLEEN, Mr Pravin Darade, Principal Secy MoE&CC, Mr Vijay S Nahata, Chairman SEIAA, Dr Rakesh Kumar OSD, CSIR, Mr Ajit K Saxena CMD MOIL
 

A White Paper shall be drafted through the day-long workshop ‘Sustainable Mining & Methane Management, CBM & CMM' that was jointly organised by International Centre for Climate and Sustainability Action Foundation (ICCSA), Society for Clean Environment (SOCLEEN) and the Government of Maharashtra. The White Paper will be submitted to the Ministry of Environment, Forests and Climate Change, Maharashtra, and State Environment Impact Assessment Authority (SEIAA).

In his special address at the workshop Shri Vijay S. Nahata, Chairman SEIAA said, “I request the organisers to suggest key points that we as government can implement to have a better and cleaner environment for our future generations.” He suggested using modern tools in mining to reduce environmental and climate impact. India is committed to Net Zero by 2070, and we will continue to co-operate and work with industries and other stakeholders for the betterment of our environment, said Shri Nahata.

Citing successful examples of Majhi Vasudha campaign, Shri Pravin Darade, Principal Secretary Ministry of Environment, Forests and Climate Change, Maharashtra, also holding additional charge of Member Secretary Maharashtra Pollution Control Board, said, “Clearly people are now becoming aware of the issues with the environment. When we launched the Majhi Vasudha campaign three years ago, about 600 representatives from urban local bodies attended the conference, which increased to 11,000 and 17,000 in subsequent years.” The government will be happy to work together with experts on this important issue of climate change and especially methane emissions from various sources.

Dr Rakesh Kumar, Officer on Special Duty at Council for Scientific and Industrial Research (CSIR) suggested that mining companies should also be made aware of the revenue potential that Methane capture can have. “By increasing their operational spending by 10 percent towards methane capturing, the mining industries can create a separate revenue stream that can give them three times the returns on the investment.” Considering the fact that industries are more focussed on increasing revenues, we must help them in optimal methane capture so that they can increase revenues.

"While mining companies shall be able to increase their revenues in the short term, allied benefits relating to the environment and health of people residing in areas closer to mining, will take some time to show. Growth in coal production is directly proportional to the release of methane from mining activities. While India relies majorly on coal production from open cast mines, increasing production may require adoption of deeper mining of coal seams. If that is the case, utilisation of CMM could be one of the potential energy sources and also has climate mitigation co-benefit," said Dr Kumar.

Professor A D Sawant, President SOCLEEN in his opening speech suggested that having government policy towards climate change is definitely the first and a step in the right direction, but the know how should also be shared with the mining officials who are there at the site. While we invite executives involved in operations to attend such meetings, we must also have such workshops closer to mining areas.

Prof Varshney, Distinguished Professor and Advisor ICCSA said that Utilisation of coal mine methane has the potential to benefit India by reducing emissions and increasing domestic energy security. Methane is the primary component of natural gas, which is responsible for the Earth’s warming. Methane (CH4) concentrations in the atmosphere have more than doubled since pre-industrial times. CH4 is the second-leading cause of climate change after carbon dioxide, rising to 1.5 degrees Celsius or likely 2 degrees Celsius.

"India is sitting on a huge opportunity to convert waste into energy. As per our calculation, 15 large states in the country are generating over 1.38 lakh tonnes of waste every day, and if we can deploy globally available advanced technologies to generate energy through the trash, we can set up a 5600 MW capacity waste-to-energy plant. Even at 50 percent utilisation, India will have about 2800 MW of electricity generated through garbage,” Professor Bhaskar Kura, Founder of i2Care, said during the ‘Sustainable Mining and Methane Management.'

The workshop was attended by experts including Prof C K Varshney, former Dean at Environmental Sciences, Jawaharlal Nehru University, Dr Sarala Balachandran, Chief Scientist at CSIR, Shri Ajit Kumar Saxena Chairman cum Managing Director MOIL, Dr R K Vij Professor PDEU, Gandhinagar, Dr Kaushik Chakraborty, former ED at Western Coalfield Ltd, and Shri Priyank Singhvi co-founder ICCSA.

About ICSSA

ICCSA is a not-for-profit organisation that is committed to contributing to a better world for people and the planet. It was established with focus to plug the gaps in environmental management to provide an institutional platform for coordination, facilitation, advocacy, and regional and international collaboration; with an aim of development of targeted solutions.

Headquartered at Greater Noida, ICCSA believes to restore ecosystem health, regenerate nature on Earth by providing targeted solutions to drive sustainable development for a future which is bright, positive and resilient.

Mr Ankur Goyal, President Works, MMTC-PAMP, receiving the award on behalf of MMTC-PAMP

The brand’s MD & CEO, Mr Vikas Singh was bestowed with the ‘Marketing Meister’ award, making him one of the 25 recognised marketing personalities that were awarded for their impeccable vision. This category was specially curated to recognise entrepreneurs who have successfully led their brands to reach unwavering heights. Prestigious Brands of Asia 2023 is a listing of super-driven brands that have redefined the benchmarks of their Industries, and established their presence across Asian markets. 
 

Marking another spectacular win, Vikas Singh, Managing Director & CEO, MMTC-PAMP said, “This award is a testament to the hard work of team MMTC-PAMP and the trust our customers place in us. We take pride in our ability to consistently provide our consumers with distinctive products crafted to the highest global standards and with highest levels of purity. Our customers are financially and emotionally invested in this category and we strive to provide them with a superlative experience across all our touchpoints – physical or digital. In addition, we have pioneered a digital eco system which offers investors the opportunity to engage with MMTC PAMP Digital Gold and Silver, thereby democratising access of gold and silver in India.”
 

“By bringing together unique designs and themes from our heritage minted with finest Swiss craftsmanship, our products offer a unique value proposition to our customers. We are truly humbled and grateful for this recognition,” he added.
 

Organized by Herald Global and BARC Asia at Emirates Palace, Abu Dhabi on February 28 2023, MMTC-PAMP reigned the precious metals category as a legacy company and a promising player in the industry. MMTC-PAMP is one of the most significant players in the bullion market and is known for offering 24K, 999.9 purest gold and silver to their customers. The brand is also an unquestioned leader in digital innovation, as it pioneered the digital gold product in 2017. MMTC-PAMP is also the front-runner in the segment where it works with the largest fintech players in the country.
 

Prominent names like Mr Abdulla Lutfi, Dr Sara Al Madani, Mr Sunil Sinha, Mr Feroz Allana were also present to receive the awards. Famous celebrities like actress Fatima Al Taei and TV serial star Dr Sara Al Madani, Lyricist and singer from Lebanon Ms Mayysa Karaa and Ms Ruwaida Mahrouqi were honored for their work in the field of entertainment and music. 
 

The gathering also witnessed brands like Bharat Benz and Tata Agrico in the presence of eminent people such as HE Humaid Bin Salem, Secretary General of the UAE Chambers of Commerce & Industry (FCCI), HE Shaikha Salem Al Dhaheri, Secretary General of the Environment Agency, Abu Dhabi, HE Helal Saeed Al Marri, Director General of Dubai Department of Economy & Tourism, Mr Sanjay Sudhir, Indian Ambassador UAE among others.
 

About MMTC PAMP
A joint venture between Switzerland-based bullion brand, PAMP SA, and MMTC Ltd., a Government of India Undertaking, MMTC-PAMP seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry. We have received several awards since our inception from local and global industry bodies for the transparency and sustainability that we rigorously uphold in our sourcing, refining and supply of precious metals in the Indian market. MMTC-PAMP is the only LBMA-accredited Gold & Silver refinery in India and is accepted across global commodity exchanges and central banks.

Dr. Periasamy Thanapandi, alfaTKG; Mohan Doss, Technical Consultant, Hemair; Dr. Rao Vutla, Chairman, Airtech Innovations; Mr Toshio Takagi, CEO, alfaTKG; Dr. Kumar, Director & Karthik, alfaTKG India

With the newly launched solutions, the company announced their plan to enter Indian manufacturing ecosystem and the signing of Airtech Innovations Pvt. Ltd., Hyderabad as a new client. Airtech Innovations manufactures cleanroom technology solutions for Healthcare and Semiconductor Industries under technical collaboration with Airtech Japan - also a client of alfaTKG.

alfaTKG has entered into a strategic partnership with Lantek, a global leader in the development of Sheet Metal CAD/CAM Solutions.

Prof N Ramesh Babu, V Balaraman Institute Chair Professor, Dept of Mechanical Engineering, IIT Madras and Secretary, Advanced Manufacturing Development Center (AMTDC) delivered the keynote address on the advancements in IoT and Digital Transformation space for Manufacturing Industries.

New Solutions

• BuP Net: an integrated CAD/CAM solution that is machine agnostic (It is of immense value to manufacturers using multiple machines)

• RPA Gaia: automates the existing business processes using a proprietary RPA technology to improve process efficiency and reduce human intervention.

• Weld DX: Improves the quality of weld through paperless welding instructions using a Smart Weld Kiosk. A weld simulation module is also on offer.

• Inspection DX: a fully automated, paperless inspection system

Dr. Thanapandi, CTO, alfaTKG said, “alfaTKG's Smart Manufacturing Technologies are aimed at global SMEs, an area with immense untapped market potential. The in-depth expertise of machine functionality combined with decades of experience in building technology makes alfaTKG stand out in a global landscape. Our product suite covers the entire process flow in a Sheet Metal Industry from Order reception to delivery and the product lifecycle from design to manufacturing. I am sure that the newly launched solutions will help our customers to scale up their manufacturing capabilities.”

“This year, alfaTKG is aiming to expand its global client footprint. With our new product portfolio, we are planning to venture into the Indian Manufacturing Ecosystem,” said Dr. M Kumar, Director of alfaTKG India.

Dr. Ananth Seshan, Chairman, 5G Group of Companies - Canada, Hon. Dato Nathan Suppiah, Vice President, Federation of Malaysian Manufacturers. Cmde R B Verma (Retd), Advisor, Centre for Advanced Automotive Research, IIT Madras, Dr. S Rao Vutla, Chairman, Airtech Innovations, Mr. Uday Kumar, Head - R&D, Airtech Innovations. Mr. Murali, Country Director, Lantek. Prof Kanagaraj, Professor, Mechatronics, TCE and Prof Rajeev, Asst Professor, Mechanical, Amrita Univeristy were present during the launch.

The India office of alfaTKG includes graduates from IIT Madras, IIT Jabalpur, Amrita University and Thiagarajar College of Engineering (TCE) amongst others.

About alfaTKG

Headquartered in Tokyo, alfaTKG the company was founded by former Leaders of Amada, a Japanese Multinational - Mr. Toshio Takagi and Dr. Thanapandi, (Ex- Global Executive Managing Director and former CEO of the Indian Software Arm, respectively). alfaTKG is into Smart Manufacturing and Digital Transformation (DX) solutions for Sheet Metal Manufacturing Industries.

The company’s Industry 4.0 product suite includes software, IoT, and collaborative robot solutions powered by Artificial Intelligence (AI) and Robotic Process Automation (RPA). alfaTKG’s major products include alfaCAD - a proprietary CAD software specialised in Sheet Metal, Gaia Quote - an AI-based quotation automation application, GPN - a smart process sequencing and scheduling application, a proprietary ERP tool - alfaERP and alfaDOCK - a framework integrating all the applications along with intelligent data organisation capabilities.

alfaTKG’s products are used by over 200 SMEs globally. A majority of the clientele is spread across Japan and Southeast Asia. 

Mining Industry Stalwarts gathered at Metalogic's Ease of Doing Business event

Gracing the occasion, Shri AT Mishra, IFS, Dy. Director General - Forests, Ministry of Environment, Forest & Climate Change said, “India is a developing country and can utilize mineral resources with enormous scope towards economic growth and increase GDP contribution. The mining sector helps in generating direct and indirect employment. The Government of India is committed to making improvements with various regulations formed for creating an atmosphere for ease of doing the mining business in India.”

He further added, “It is primarily the responsibility of the miners to scrutinize plans holistically so that all the challenges faced can be addressed appropriately. Sustainable mining should be mapped out in a manner that would benefit the industry and the nation as a whole and would mitigate the adverse impact of mining."

The rising contribution of  Women, Transgender & Specially Abled  in core mining activities

Attending the mega conference, Shri Sumit Deb, CMD, NMDC Limited said “Ease of Doing Business in Mining can be achieved with an overall contribution of the State Government, Forest Department, and miners. There are various initiatives like Gati Shakti, Bharatmala, and National Infrastructure Pipeline to reduce the logistics cost and various regulatory frameworks by the Government of India to infuse a higher degree of competitiveness and to promote the sector.

“Though many initiatives are inclined to cumulative growth but to strengthen it further there is a need to address key issues like double royalty, single window clearances, and higher tax rates as it is a deterrent in attracting players.” He added that, “There is a need of incentivization to attract global participation and also urged all the stakeholders to push India to higher trajectory on the global level by higher investments.”

Conference on Ease of Doing Business In Mining in India | 21 Feb | Bhubaneswar, Odisha | LIVE

YouTube link: www.youtube.com/live/DFdwRRHSEQY?feature=share

NMDC - NISL made its market debut at BSE and hit the upper circuit as it entered trading.

Shri Sabyasachi Mohanty, Director Operations, OMC Limited who also took part in the conference, highlighted that India has the potential to reach to the 2^nd largest economy by 2050. In this path, Eastern India will play a vital role in contributing 75 percent of incremental steel production. Odisha will be playing a vital role as around 50 percent of iron ore production will be generated from the corresponding state.

With this vision, OMC has geared up to achieve 100 MT by 2030 and prepared a roadmap to resolve the challenges of raw material shortage. He further added that there is a need for modernization in the sector which can be achieved by reducing manual intervention for sustainable mining.

Attending the mining conference, Mr. D.B. Sundara Ramam, Chairman, Tata Steel Mining and VP (Raw Material), Tata Steel highlighted the issues and challenges faced by the mining companies in India and stressed on the way forward.

Mr. Sundara Ramam focused on the area of exploration in mining sector and spoke on various concerns which need to be addressed.

During the second part of the conference, Mr. Pankaj Satija, Managing Director, Tata Steel Mining presented a detailed picture of the mining sector in India and spoke on different concerns of different mining companies and mining PSUs.

The mega mining conference was attended by several policy makers, government officials, miners, investors, steelmakers, and policymakers to discuss various challenges faced by the stakeholders of mining sector and how government can help in ease of doing business.

India is a mineral-blessed nation and produces around 95 minerals 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals, and 55 minor minerals (including building and other minerals). Therefore, the sector is expected to play a vital role in the country’s development in the future.

Metalogic’s research shared certain fact. It highlighted that the mining sector being one of the core industries, the sector’s contribution is less than 2% towards the country’s GDP against 7-8% contribution by other mineral-rich countries. However, the country holds the potential to raise the contribution of the mining sector by up to 5%.

“We have seen several state investors’ programs happening where lakhs and crores of MoUs are getting signed by the investors and at the time of actual execution only a handful of companies are really able to pull it off,” said Monica Bachchan, Founder & CEO of Metalogic PMS.

She added, “These conferences and several other similar forums become extremely important for the government and the stakeholders to examine the ground challenges and hindrances which stop the projects to take off.”

The conference commenced with the inaugural session chaired by the esteemed panellists - Sh. Kalyan Mohanty, ED Exec., IPICOL, Mr. Sabyasachi Mohanty, Director Technical and Operations, OMC Limited, Mr. D.B. Sundara Ramam, V.P Raw Material, Tata Steel Ltd., and Sh. Sumit Deb, CMD, NMDC Ltd.

The conference also discussed the rising contribution of “Women, Transgender & Specially Abled” in core mining activities. Metalogic PMS with the help of Tata Steel Mining organized a stage show to inspire miners to employ these special group of people in their various activities. This is the first time that a conference on mining witnessed such a huge participation of women in the country. Odisha Mining Corporation too joined the initiative to promote ‘Women in Mining’.

The conference discussed the urgent need to transform the untapped mineral potential of the country in a sustainable manner by ensuring the participation and interest of all the stakeholders in order to achieve ‘Atma Nirbhar Bharat’ and also to encourage all the stakeholders to join hands for an inclusive growth of the country as a whole.

For more information, please visit metalogicpms.com, mymetalogic.com.

Copper image ICA

The uptick in demand also resulted in copper producers ramping up their production. Indian integrated producers increased their copper wire rod production by 28.7% YoY as the demand increased in FY 22. Copper being a global commodity, is largely mined in the southern hemisphere of the globe and northern hemisphere is bigger user of the metal. With limited mining in India, (contributing 2.5% of total demand), India is dependent on imports of copper concentrate, anode and blisters for cathode production. The overall cathode production in India stood at 485 KT and imports at 134 KT. Domestic scrap (copper and brass) amounted to 312 KT with imports of 131 KT. The total input material available for fabricators was 979 KT.

Mr. Mayur Karmarkar, Managing Director, ICA India said, “With the focus on its vision of Amrit Kaal, several policy reforms of the Government are targeted towards boosting the secondary sector of the economy. These reforms, including PLI scheme, national capital goods policy, 24x7 power to all, Make in India, NEMMP for EVs, and to become Net Zero by 2070 to name a few, have led to demand generation across key sectors relevant to copper resulting in improved copper demand to its pre-pandemic levels. With the growing affordability and the growth in India’s middle class, the demand for energy-efficient electrical goods and better-quality power will rise. India is currently nearing the flex point of the wealth ‘S’ curve. After the economy reaches this point, the consumption of commodities grows at much higher rate than in the past.”

“With limited capacities for cathode production currently operational in the country, India is depended on imports of cathode & semis to meet its demand. The remaining gap is filled by domestically generated scrap which lacks robust process of refining and remelting resulting in poor quality. In the current background of growing demand, globalization and net zero ambitions of other developed & developing economies, there is a need for India to develop a copper resource strategy ensuring India’s Amrit Kaal vision is achieved successfully in a cost optimum way,” he added.

The report highlighted that 36% of the country’s demand was met through scrap and 64% through primary copper. Cathode, rod and tubes import stood at 297 KT.

In terms of sector-wise growth, copper usage in building construction sector grew by 25.3% while copper demand for industrial sector grew by 26.3% on the back of the strong domestic demand conditions and greater capacity utilisation. The government’s push to boost power infrastructure resulted in 75.7% growth in copper demand from this sector. The consumer durables sector also witnessed a growth in demand for copper by 15% and copper demand in agriculture sector grew by 16.2%.

About ICA India (International Copper Association)

The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the leading not for profit organization for the promotion of copper worldwide set up in 1959. ICA has been operating since 1998 in India and has built an active association with the growing number of copper users through its programs. ICA India Programs are committed to improving the quality of life through better Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing better standards, across various products, applications and industries, by leveraging upon the superior technical performance of Copper.

Merakii, carried on investments in present-day products, platforms, and especially people have helped it build a future-ready team that partners with clients in their data, digital and content transformation, and growth strategy.

Bhagyashree Singh, Director and CEO of Merakii

Bhagyashree Singh, Director & CEO of Merakii, said, “Our extensive process, from understanding and detailing a project and development, assures clients that their project is in the hands of a team of professionals. We continuously deliver quality and logical results, encompassing award-winning marketing campaigns for the ultimate visibility of our clients.

Clients are progressively opting for agencies who have the potential to distribute full-funnel solutions and we are fully capable of furnishing on these requirements. We are proud to have won these accounts in these emerging categories and we are confident of delivering the best to the clients.”

Hitachi Team - “It has been a great experience working with Merakii. The teamwork is magnifying producing definitive and solid outcomes. Things were organized and delivered very systematically. The results are promising and are in the direction we would have hoped for. They provide good ideas and are very pragmatic. They provide you with different and out-of-the-box insights and suggestions. We would definitely recommend their services to existing and new business firms.”

Merakii Group is an integrated communications marketing group that offers a broad spectrum of branding solutions to businesses to deliver their marketing needs.

As an integrated digital marketing firm, Merakii’s chroniclers have knowledge of varied industries and aim PR, Digital & Content to build brand narratives for clients.

Our talented & energetic team members are well-equipped to examine the changing dynamics of the business in today’s market. We facilitate intensive utilization of facts & research, and integrated communication tools to formulate a seamless brand messaging for business from varied sectors. To deliver strategic communications and techniques which enable our clients to create robust relationships across stakeholders, modify behaviors, educate audiences and shape behaviors to have a positive impact in our society. We believe in long-term relationships that add meaningful value to the client’s business. We assist our mission by integrating the knowledge, experience & local - market understanding each one of us has, to communicate competently with diverse audiences.

We attempt to opt for the highest ethical standards, demonstrating honesty, fairness, and accountability in every decision and action.

Commenting on the development, Mr. MP Ahammed, Chairman, Malabar Group said, "We are extremely happy to be a part of this momentous occasion. We would like to thank all members of the jewellery trade in Kerala for coming together and launching a standardized gold rate across the state to safeguard the interest of the consumers and bring in price transparency to the trade. At Malabar Gold and Diamonds, we have shown the way by launching uniform gold price across all our stores in the country with our 'One India One Gold Rate' policy. Being a top gold consuming state in the country, Kerala can set the stage for a countrywide roll-out of uniform gold price." MP Ahammed also demanded that the selling price of gold should be unified everywhere in the country.

The gold rate should be uniform across the country based on bank rate. However, in most states, gold is priced Rs.150-300 per gram extra over the bank rate. In Kerala, gold used to be sold at different prices on a particular day. Uniform gold price based on bank rate offers an opportunity to the consumers to purchase gold at a reasonable and transparent price.

According to Mr. Ahammed, there should be a system to determine the price of gold based on the bank rate on a specific day in the country. Bank rate on gold, GST and other taxes including import duty are the same across India. For example, on November 4, 2022, the bank spot rate of 916 (22 carat) gold was Rs. 1,640 per ounce, the bank premium was Rs. 3.50, the import duty was Rs. 6,67,467 per kg and the bank cost per gram of gold was Rs. 5,008. Adding all these, the bank rate of November 4, 2022 amounts to Rs. 4610 per gram of 916 gold. Thanks to the price standardization, jewellers in Kerala now charge the same price as the bank rate for gold.

Policymakers at the Global Clean Energy Action Forum (GCEAF) roundtable event

The GCEAF conference brought together members of the Clean Energy Ministerial (CEM) and the Mission Innovation (MI), both initiatives aimed at accelerating the clean energy transition. The three-day GCEAF conference featured events and roundtables with policymakers along with the private sector, civil society, and academia.

Leading the India delegation at GCEAF, Abhay Bakre, Director General, Bureau of Energy Efficiency, Government of India said, “India, as a developing country, is making all efforts to reduce its energy use and emissions of greenhouse gases. Almost all large industries in India are part of our flagship ‘Perform, Achieve and Trade (PAT)’ scheme, which is a regulatory instrument designed to make India’s industries energy efficient. Moving forward, long-term sectoral roadmaps will be very important in achieving India's net-zero commitment. The steel sector has been an integral part of our action plans.”

The Asia roundtable, jointly organized by The Energy and Resources Institute (TERI), Climate Catalyst and Solutions for Our Climate (SFOC) focused on opportunities and policy levers to catalyze steel decarbonization in the region. In particular, it emphasized the importance of demand-side levers, from both private and public steel consumers, in sending a signal to accelerate the steel industry’s transition.

Jen Carson, Head of Industry at Climate Group who moderated the roundtable, emphasized the importance of accelerating demand-side activity in Asia. “To get the steel industry to net zero in India and around the world, we need to first create a market for responsibly produced steel. This year we launched SteelZero in India to do just that. We’re calling for leading Indian businesses to join SteelZero and to drive the market shift of one of the largest steel producing nations in the world. As a result, we will then be able to give steel producers the confidence to make the net zero transition.”

In addition to private procurement efforts, one pertinent example of government-led demand-side policies discussed at the event was green public procurement (GPP). The policy encourages governments to pledge to use low-carbon materials for their public works projects. GPP is a key initiative pushed by Industrial Deep Decarbonization Initiative (IDDI), a global coalition that consists of public and private sectors to promote the decarbonization of heavy industry. The group is led by the Indian and the UK government.

As part of the IDDI, the governments of the UK, India, US (who joined IDDI at the GCEAF), Germany, the UAE and Canada have pledged to buy more low-carbon industrial materials to expand the market. They are also calling on more steelmakers to join the initiative, especially those in Asia. Over 70 percent of steel use currently takes place in Asia, with South Korea consuming the most per capita.

The roundtable and GCEAF also emphasized the importance of public-private cooperation throughout the steel value chain. With a growing effort to produce green steel through green hydrogen and high-grade iron ore, key stakeholders in the steel industry, such as Australia which is a leading iron ore exporter, are expressing key interest in deepening cooperation with steel producers around the globe and particularly in Asia.

Peta Olsen, Director, Net Zero Innovation and Partnerships, Department of Climate Change, Energy, the Environment and Water, Australia said, “Australia recently launched the Net Zero Industries Mission, under Mission Innovation, and it will be an interesting place to share green steel pilot projects.” Additionally, while “Australia does not produce a lot of steel, it is the largest exporter of iron ore, and the iron ore story and how it fits into green steel pathways is critical. Within our bilateral partnerships with Japan and Korea, and also India, we have launched technology development programs that include a focus on green hydrogen for export. We are also hoping that we can move into the iron ore and green iron exports to feed into the DRI-EAF pathways."

Araceli Fernandez, Head of Technology and Innovation Unit, Directorate of Sustainability, Technology and Outlooks, International Energy Agency likewise highlighted the importance of bilateral and multilateral cooperation on steel decarbonization. “Steel is a critical material, as it is to accelerate the transition towards near zero emissions steel. International collaboration remains fundamental to bring technologies that can enable such transition to commercial scale as soon as possible, and to create robust markets to get such technologies deploy in regions around the world.”

It was also noted that financing this transition would be a critical step to realising regional decarbonization efforts. Yoon Chung Chin, Principle Researcher of the ESG Research Division at POSCO Research Institute (POSRI) said, “In order to enable the steel industry’s transition, it is critical to create the necessary market conditions to ensure net zero steelmaking is commercially viable. This needs to be reflected in the policy priorities in a way of reducing uncertainties surrounding the development of the carbon price and setting direct/indirect incentives to stimulate additional demand for green steel. Providing better access to ‘transition finance’ is also an important aspect.”

Asia has a clear opportunity to lead on green steel production. In 2021, the region accounted for 72 percent of global steel production, mostly from China, India, Japan, and South Korea. In addition, there is an expansion of emission-intensive blast furnace-basic oxygen furnaces (BF-BOF) concentrated in the region. This method of steel production emits about two tonnes of CO2 for every tonne of steel.

Prabodha Acharya, Group Chief Sustainability Officer, JSW Steel noted the importance of green steel in India’s decarbonization pathways. “In India, the problem is especially acute given the steel production contributes 12% emissions and 2% to GDP. Further, given India’s massive 1.3 trillion infrastructure plan, the demand for steel is only going to go up and it becomes imperative to reduce emissions in order to tackle the adverse effects of climate change. A wide range of policy levers will be needed in order to scale-up demand in the near term and in the long term. And R&D collaboration is at the core of the industry transition.”

Currently, India is the world’s second-largest steelmaking country. The country’s steel demand is expected to surpass the rest of the world and related emissions to triple by 2050. Hence, to align with the global 1.5C target, there are growing efforts in India to decarbonize its industrial sectors and to lead the global transition to low-carbon industry via rallying investments and technological developments.

Speaking at the roundtable, Dr. Prahoro Yulijanto Nurtjahyo, Head of HRA, Ministry of Energy and Mineral Resources (MEMR), Republic of Indonesia, emphasized that as the current G20 presidency holder involved in the steel value chain, it is important to envision the future trajectory of energy and industry transformation. He reiterated that, “Indonesia is the 10^th largest producer of steel and for decarbonization, the efforts are focussed on energy management and integration of renewable energy. Access to technology and finance are urgent needs of the country.”

About The Energy and Resources Institute (TERI)

The Energy and Resources Institute (TERI), based in India, is an independent, multi-dimensional research organization with capabilities in policy research, technology development, and implementation. An innovator and agent of change in the energy, environment, climate change and sustainability space, TERI has pioneered conversations and action in these areas for nearly five decades. Headquartered in New Delhi, it has centres in six Indian cities, and is supported by a multi-disciplinary team of scientists, sociologists, economists, engineers, administrative professional and state-of-the-art infrastructure.

About Solutions for Our Climate (SFOC)

Solutions for Our Climate (SFOC) is a South Korea-based group that advocates for stronger climate policies and reforms in power regulations. SFOC is led by legal, economic, financial, and environmental experts with experience in energy and climate policy and works closely with policymakers.

About Climate Catalyst

Climate Catalyst, is a not-for-profit organisation working to enable high-ambition coalitions – across governmental, non-governmental, for- and non-profit sectors, at national and international levels - to secure new public policy commitments that increase the scale and pace of emissions reductions in line with fair shares of the Paris Agreement goals. We work globally and our geographies of focus are Asia and Europe.

Mr. Het Ram Sharma - Managing Director, Rajnandini Metal Limited

Rajnandini Metal Limited has scored a HATTRICK this year as it has now given BONUS for the THIRD CONSECUTIVE YEAR. Setting standards of investor satisfaction, the company has given yet another round of bonus shares to its investors in the ratio of 1:2. The Board of Directors declared Bonus Ratio on 10th August, 2022 for a third time in a row, even before the completion of one year since the issue of the previous bonus. Irrespective of the pandemic, Rajnandini Metal Limited had provided bonus twice in 2020 and 2021. 

In 2020, the company announced a bonus in the ratio 1:1 which was distributed on 3rd September. In 2021, Rajnandini Metal Limited issued bonus shares in the ratio 1:2 to its investors on 2nd September. Along with the declaration of bonus, Rajnandini Metal Limited also recently issued maiden dividend of 10% which is only bound to contribute to the company’s upward growth. 

Mr. Het Ram Sharma, Managing Director-Rajnandini Metal Limited shares, “I am proud to announce that Rajnandini Metal Limited declared bonus shares to its investors in the ratio of 1:2 on 10th August. By doing so, we hope to strengthen our relation and trust in our investors. We didn’t deprive our investors of what they deserved even during the pandemic and we shall not deprive them even if some other pandemic comes our way! Also, we recently announced a median dividend of 10%. We hope to continue our upward growth in the coming years. I am thankful to all investors who have shown their trust in the company.”

Rajnandini Metal Limited recently acquired a land of over 10,000 sq meter which will soon be developed into a full-fledged Special Cables plant. With the capability of high-tech machines and innovative technology, the manufacturing plant has the capacity to draw the copper wires of all sizes ranging from 8 mm to 0.1 mm. Also, for the future, Rajnandini Metal Limited aims at expanding their capacity and capability by introducing their own new products under their brand name-RML. The product line is said to have items including MCB, Switches, LED, Fans, Geysers and other household appliances. The company is also set to introduce a B2C segment by aggressive push of wire manufacturing.

For more details, please visit: www.rajnandinimetal.com.

Mr. Het Ram Sharma and Mr. Ashok Kalra

Rajnandini Metal Limited is set to score a HATTRICK by giving BONUS to its investors for the THIRD CONSECUTIVE YEAR. Even during the pandemic, the company had provided bonus to all its investors twice in 2020 and 2021. And now, it has been Announce that the BONUS for this year shall be disbursed on 10th August 2022. 

With the production capacity of over 2000 Metric tonnes, Rajnandini Metal Limited has been a leader in manufacturing of copper wire Rods, Annealed Copper and bunched Wires, submersible cables, housing wires other special cables.

The company has recently acquired a land of over 10,000 sq. meter which will soon be developed into a full-fledged Special Cables plant. With the capability of high-tech machines and innovative technology, the manufacturing plant has the capacity to draw the copper wires of all sizes ranging from 8 mm to 0.1 mm.

The company plans to establish an extensive manufacturing facility which also includes the production of the B2C products like LEDs, electrical accessories, lights, MCBs, and much more. The distant vision for Rajnandini Metal Limited also ropes in the automotive industry where it plans on getting into lithium battery wire production which is considered to be one of the growth drivers for the future of the wire and cable industry in India.

Rajnandini Metal Limited also announced its maiden dividend of 10% on 1st August,2022. Its growing at a rapid pace with finance cost remained under control during FY2021-22. EBITDA margins have been maintained with an impressive growth momentum in line with the company’s plans with a Y-o-Y increase of 40.11%. The total revenue and EAT of the company have been on a steady rise as well since 2019 till date. The company increased its total revenue from 14,885 lacs in 2019 to 1,02,949 lacs in 2021-22. The earnings after tax for the company witnessed a growth from 115 lacs in 2019 to a total of 1,001 lacs in 2022.

Mr. Het Ram Sharma, Managing Director - Rajnandini Metal Limited shares, “It gives me immense pleasure to announce that we would be issuing bonus to our investors this year as well. By doing so, Rajnandini Metal Limited would be scoring a hattrick of giving bonuses for three consecutive years along with an announcement of a maiden dividend of 10%.

Presently, our main aim is to grow our production by setting up a plant of special cables in our recently acquired land (10,000 Sqm+). We are mainly focused at growing our production by putting up a plant in our recently acquired land which is currently under construction phase. This is only bound to contribute towards our growth and help us position stronger in the metal industry. I am thankful to all investors who have shown their trust in the company. We are committed to growth and looking forward for company's expansion worldwide.”

Aimed at establishing itself as a true solution providing company in the world metal industry, Rajnandini Metal Limited embarks on creating and developing newer markets in All SAARC countries, Africa, East Europe, Latin America, etc. by adding them into its mainstream business network. It also looks at delving into trading and production opportunities which allows integration and impetus to its current activities. Adding value to customer's business is Rajnandini Metal Limited’s motto and their success is driven by intelligent solutions and a solid commitment towards achieving customer satisfaction.

The company has been ISO certified along with certifications from the Haryana State Pollution Control, Material Recycling Association of India, and other prestigious organizations.

For more details, please visit: www.rajnandinimetal.com.

Mr. Pardeep Garg, MD, Kundan Group and Deepak Gupta, CEO, Kundan Group receiving the Leading Bullion Refiner 2022 for the Sixth Year Running at the IGC Awards

Showcasing the best of innovative approaches by various players, the awards were designed to recognise companies, teams and individuals which the jury members deemed to have demonstrated innovation and excellence for the current year. The ceremony was attended by leading bullion industry representatives.

Speaking upon receiving the award, Mr. Vidit Garg, Director, Kundan Group, said, “It is an honour to be recognised at such a prestigious platform. It is a testament to the hard work and the dedication of all the Kundan’s team members that have put in throughout the year. The award not only motivates us to maintain the highest quality standards, but also to perform better every year. It feels great to see our efforts and hard work appreciated by the entire bullion fraternity.”

In a record of sorts, this is also the sixth consecutive year that Kundan Gold Refinery has been honoured as the leading bullion refiner of the year. The group’s main objective has always been to provide quality to the end consumer and be honest to all the commitments towards them. Kundan’s customers not only believe in excellence in refining of the precious metal, but also the continuous strive towards innovation and adaptation of the latest refining technologies available.

About Kundan Group

Kundan has grown into one of the nation’s leading manufacturing and exporting companies of the 21st Century with a turnover of 2 billion USD. In recognition of the company’s multi-business portfolio that encompasses a wide range of businesses - from gold, precious metals, gold refinery, Digital gold, cosmetics to chemicals, agro commodities, polymers, petro product and the import of bullion and energy sector has added to its versatile dynamism. Kundan has been awarded by the Government of India as a recognized ‘Four Star Export House’, a nominated agency, also ISO 9001-2008 certified. 

Kundan Gold Refinery is the most treasured business unit of the “Kundan Group”. For the last 20 years, the group has marked its presence in precious metals and is one of the largest gold and silver refineries in India. It is equipped with breakthrough technologies, trend-setting labs and highest quality standards. Kundan Gold refinery is acknowledged as a major importer of Gold and Silver and is well known as the largest private gold refinery in India.

Even during pandemic, Rajnandini Metal Limited has provided bonus to its investors twice in 2020 and 2021. The company is growing at a rapid pace with finance cost remained under control during FY2021-22. EBITDA margins have been maintained with an impressive growth momentum in line with the company’s plans with a Y-o-Y increase of 40.11%. The total revenue and EAT of the company have been on a steady rise as well since 2019 till date. The company increased its total revenue from 14,885 lacs in 2019 to 1,02,949 lacs in 2021-22. The earnings after tax for the company witnessed a growth from 115 lacs in 2019 to a total of 1,001 lacs in 2022.

Rajnandini Metal Pvt. Ltd. was converted to a Limited company, and listed on the National Stock Exchange (NSE) website in 2018. Since the listing, the company’s shares have skyrocketed over the past two years. With the initial price of a share being Rs. 13, shares of Rajnandini Metal Limited today cost almost above Rs. 460 per share. Giving yet another benefit to its investors, Rajnandini Metal Limited is now set to announce its maiden dividend on 1st August 2022.

Rajnandini Metal Limited deals in various products such as Copper Rod, Annealed Bare Copper Wire, Fine Copper Wire, Multi Stranded Copper Cables, Bunched Copper Wire, Submersible Wires and Flat Cables as well as House Wires. Its clientele includes top names from the field of Steel, Automotive, Light/Heavy Engineering, Construction, Chemical and Electronic Industry.

Mr. Het Ram Sharma - Managing Director, Rajnandini Metal Limited

Mr. Het Ram Sharma, Managing Director - Rajnandini Metal Limited shares, “It’s been over two decades and we are happy to share that the company is on an upward growth. Irrespective of lockdown and COVID-19 effect on industries, we managed to sustain our growth and have delivered bonus not just once but twice. I am thankful to all investors who have shown their trust in the company. We are committed to growth and looking forward for company's expansion worldwide."

Aimed at establishing itself as a true solution providing company in the world metal industry, Rajnandini Metal Limited embarks on creating and developing newer markets in Africa, East Europe, Latin America, etc. by adding them into its mainstream business network. It also looks at delving into trading and production opportunities which allows integration and impetus to its current activities. Adding value to customer's business is Rajnandini Metal Limited’s motto and their success is driven by intelligent solutions and a solid commitment towards achieving customer satisfaction.

For the future, Rajnandini Metal Limited aims at expanding their capacity and capability by introducing their own new products under their brand name - RML. The product line is said to have items including MCB, Switches, LED, Fans, Geysers and other household appliances. Rajnandini Metal Limited is also set to introduce a B2C segment by aggressive push of wire manufacturing.

The company has been ISO certified along with certifications from the Haryana State Pollution Control, Material Recycling Association of India, and other prestigious organizations.

For more details, please visit www.rajnandinimetal.com.

HD785-7 Water Sprinkler

The newly launched water sprinkler WT 80KL has been successfully retrofitted on Komatsu’s used Dump Truck model HD785-7 (100 Ton) operating at the Ramagundam and Manuguru open cast mines of Singareni Collieries Company Ltd (SCCL) in Telangana. This has enhanced the life of used dump trucks, which were otherwise destined to be scrapped.

HD785-7 Water Sprinkler

This giant water sprinkler is being used for dust suppression at the mining pit and workshop area, as well as on haul roads. A water cannon fitted as a fire fighting machine is also suitable for washing other trucks and mining machines.

With an 80,000-litre capacity, this is the largest water sprinkler introduced by Komatsu in the Indian Mining Industry, which has so far been using smaller capacity machines. The WT 80KL water sprinkler is operated with high-powered hydraulic gear pumps.

The sprinkling device, fitted on the back of the machine, holds a spraying capacity of 18 metres wide and 9.5 metres away. This large sprinkler covers the maximum area of haul roads reducing the number of passes and eventually saving fuel.

The water cannon attachment is mounted on the front side of the machine. It is operated hydraulically at about 90 degrees slew and 70 degrees elevation to pour water to a distance of about 60 metres.

Integration of this water sprinkling and cannon system with Komatsu’s Dump Truck model HD785-7, a proven dump truck model for its performance in the mining industry worldwide, will be an added advantage and deliver customer satisfaction. 

Celebrating and honouring India’s freedom struggle and commemorating the 75^th Independence Day, MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold & silver refinery, has introduced its range of exquisitely crafted 24k 999.9 purest coins as part of Govt. of India’s Azadi ka Amritmahotsav celebrations. MMTC-PAMP’s CEO & MD, Vikas Singh, launched the limited-edition products at an exclusive event at The Oberoi in New Delhi on Thursday.
 

Azadi coin launch
 

Exquisite memorabilia to honour India’s fight for sovereignty, these coins represent a vision for our young nation that is proudly asserting its identity in the entire world and leading the charge to build an ‘AtmaNirbhar Bharat’. Echoing the sentiment of ‘Azadi ka Amrit Mahotsav’, the Azadi coin series is aimed at celebrating 75 years of India’s independence and the glorious history of our people, culture and achievements which are taking India to new heights. The limited edition 24K, 999.9 purest gold coin weighs 10 gm, and there are two unique designs in 999.9 purest silver, one weighing 31.1 gm (1 ounce) and the other 50 gm.

Speaking on the launch, Vikas Singh, Managing Director and CEO, MMTC-PAMP said, “Our legacy, culture and heritage are of extreme importance to us and we at MMTC-PAMP always strive to offer the most culturally relevant products to our consumers. With these limited-edition 999.9 purest gold and silver coins we aim to honour the incredible story of India and embrace the spirit of Azadi. The Azadi Ka Amrit Mahotsav coins are crafted to the highest standards using our unmatched Swiss Craftsmanship and are ideal for collectors and for gifting your loved ones or business associates.”

Indians have always had a glittering love affair with gold and silver. MMTC-PAMP’s latest addition to its minted portfolio, the 999.9 purest gold and silver limited edition Azadi coins have been crafted in limited quantity for the discerning customer.

To ensure the products’ authenticity, each MMTC-PAMP product carries a unique number and comes packaged in an assayer certified CertiCard. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar you buy weighs more than the listed weight, ensuring customers get the highest value for their investment.

About MMTC-PAMP

A joint venture between Switzerland based bullion brand, PAMP SA, and MMTC Ltd., a Government of India Undertaking, MMTC-PAMP seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader for bringing global standards of excellence to the Indian precious metals industry. We have received several awards since our inception from local and global industry bodies for the transparency and sustainability that we rigorously uphold in our sourcing, refining and supply of precious metals in the Indian market. MMTC-PAMP is the only LBMA-accredited Gold & Silver refinery in India, and is accepted across global commodity exchanges and central banks.

The foundry industry, the mother of all manufacturing industries, has hailed the central government’s decision to reduce the import duty on the raw material of steel and the increase in export duty on iron ore & steel intermediates.

Devendra Jain, President IIF

Devendra Jain, President of The Institute of Indian Foundrymen (IIF), said the import duty reduction on the raw material of steel will bring down the domestic prices of key inputs.

“The unprecedented surge in prices of raw material of steel has been a big challenge for the foundry industry in the recent months. The import duty reduction will lead to a lowering of prices and provide much-needed support to the industry. We are hopeful that the levy of export duty on iron ore and steel intermediates will also help in improving raw material availability, usher in price stability, and enhance the industry’s competitiveness in the global market,” said Mr. Jain.

He also expressed sincere gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the proactive measures and responding to the industry’s demand.

The IIF President also welcomed the steep reduction in excise duty on petrol and diesel, saying it will provide much-needed relief to people at large and also help in reducing logistics costs for industries.

The finance ministry rescued the import duty on coking coal and anthracite, also known as high energy coal, from 2.5% to zero, and the duty on coke and semi from 5% to zero. The duty on ferronickel was lowered from 2.5% to zero. To improve the availability of iron ore and some other steel intermediates, the ministry raised the export duty on one item and imposed the duty on 10 other items.

Team DOZCO at EXCON 2022

DOZCO, also showcased Rock Breaker - Make in India products ranging from - 1.2 to 100 tons and is suitable for Excavator, Backhoes, Skid Steer Loaders, etc. This is ideal for trenching, and breaking asphalt, concrete, hard rocks, huge stones etc. These products are extremely durable, reliable, cost effective and are user friendly.

Commenting on the occasion, Mr. NG Bangur, Director, DOZCO, said, “We are delighted to showcase finest & high-performance Make in India products at a prestigious event like EXCON 2022. EXCON is a brilliant platform for the construction equipment and components industries that brings together stakeholders to further deliberate and understand the latest development in the industries. The platform allows us to educate & demonstrate the versatility of machines, attachments, components which are being manufactured & traded by DOZCO."

About DOZCO India Pvt. Ltd.

DOZCO India Private Limited was established in the year 1983 is a leading importer and distributor of HEMM and its spares, is promoted by Bangur, backed by a well experienced and dedicated workforce inclined towards thinking big. DOZCO corporate office is at Visakhapatnam, Andhra Pradesh, India which is equipped with warehousing facility and state-of-the-art training centers at Dhanbad and Visakhapatnam.

Visualizing the high potential, the company enlarged the scope by engaging in sales and services of complete HEMM viz., bulldozer, excavators, and pay loaders of international repute since 2003 and unfolded a new chapter towards achieving the reality of its dream.

Since 2013 DOZCO has set up a 39000 Sq. Meter plant with best-in-class practices, fitted with the finest global brands of machines, heat treatment & paint shop. Multistage testing ensures quality. A standard testing procedure ensures a zero-defect product. The in-house R&D centre works in tandem to improve the product as a continuous ongoing process. Products Manufactured: Rock Breakers, Tools & Quick couplers.

Website: dozco.com.

The order comprises of more than 80 units of Komatsu make mining equipment, including dump trucks, hydraulic excavators, bull dozers, motor graders, wheel loaders and wheel dozers. The scope of the order includes supply of equipment along with Full Maintenance Contract (FMC) for up to ten years of equipment operation. The equipment are scheduled for deployment at the customers jobsite starting from the month of May 2022.

Last year, Komatsu commemorated its 100th Anniversary and this successful journey was possible only by continuously pursuing our purpose “Creating Value” through manufacturing and technology innovation to empower a sustainable future where people, business, and our planet together.” On this occasion of Komatsu’s 100th year anniversary celebration, Mr Hiroyuki Ogawa, the President of Komatsu, embarked on the new three-year, mid-term management plan “DANTOTSU Value – Together, to ‘The Next’ for sustainable growth”. 

Mr Yasunori Fujii, Managing Director, Komatsu India Private Limited

Commenting on the largest order from the customer, Mr Yasunori Fujii, Managing Director of KIPL said, “We are delighted to receive this prestigious order for the complete set of Komatsu mining equipment from the customer. This order further strengthens our relationship which started with the customer in 2018 with the supply of Komatsu range of Construction Equipment.

Komatsu HD785-7 Dump Truck

Mr Fujii also reiterated Komatsu’s commitment towards the climate and societal cause, wherein Komatsu is continuously incorporating new technologies in the Indian market which further enhances the efficiency of workplaces and minimises environmental impact. In line with this ethos, Komatsu has now introduced mining equipment fleet compatible with Biofuel (Biodiesel fuel blends up to B20 confirming to ASTM D7467). The first set of HD785-7 dump trucks compatible with Biofuel was recently handed over to the customer at a glittering ceremony held at KIPL factory, at Oragadam in Tamil Nadu. This is the start of a new era in the Indian Mining Equipment Industry which can lead to a substantial reduction in carbon footprint. 

Although Komatsu is ready with Bio-fuel compatible Mining Equipment, it is also essential that a consistent supply of the desired quality of the fuel is available at remote mining jobsites.  The Government’s thrust on accelerating the use of alternate fuel is expected to complement such new initiatives of Komatsu.

Mr Arvind K. Garg, Executive Vice President & Head, L&T Construction & Mining Machinery

Mr Arvind K. Garg, Executive Vice President & Head, L&T Construction & Mining Machinery has expressed his gratitude to the customer for trusting L&T and engaging in long term product support contracts for the fleet of Komatsu Mining Equipment. Mr Garg said, “L&T is associated with Komatsu for more than two decades. Being partners, we share a common ideology of creating value for our esteemed customers. The introduction of Bio-fuel compatible Mining Equipment is an important step in this direction. The Indian mining industry is growing at a healthy pace, thanks to the Government’s thrust on infrastructure. Therefore, as a responsible stakeholder, it is essential to continue introducing such latest and environment-friendly technologies in India. We, together with Komatsu and our esteemed customers are committed to serving the society through such innovative offerings.” 

Further to the introduction of Bio-fuel compatible Mining Equipment, KIPL is now planning to introduce and demonstrate its range of Bio-fuel compatible Construction Equipment at South Asia’s largest exhibition, EXCON, to be held between May 17th and 21st, 2022 at Bangalore International Exhibition Centre.

Komatsu will strive to create new value to take steady steps forward to the next stage for the workplace of the future and pass on a sustainable future to the next generation. 

This initiative, introduced in 2020 by the leading Group, does away with the industry practice of selling gold at different rates in different states of the country. The lowest pricing of gold benefits customer dually as they stand to gain not just from lower gold rates but also the reduction in making charges which are fixed as a percentage of the gold rate.

The brand is able to offer this price advantage because it subscribes to a fair price policy which allows for transparent and reasonable pricing of products. Apart from assigning making charges starting from mere 2.9% onwards, Malabar Gold & Diamonds charges the exact same rate for gold across the country. This creates a situation of price difference for same 22 Kt gold across different states. According to various market surveys, the price difference between the states with the highest gold rates and lowest rates in the country during Akshaya Tritiya was up to Rs. 350 per gram.

Ahammed MP, Chairman, Malabar Gold and Diamonds

“Gold continues to be the safest tool for investment and wealth in the country. We introduced the scheme to ensure the best prices to each customer, irrespective of their place of stay. Gifts crafted from gold symbolizes the love and respect we give others and therefore it is important that they are pure in all respects. As a responsible jeweller, we ensure that all the jewellery we sell is responsibly sourced, right from the mines till it reaches customers’ hands,” said Malabar Group Chairman M P Ahammed.

“Every jeweller sources gold from the same government authorized entities at the same international rates and pay the exact same amount of taxes in the country. Still, the selling prices differ from market to market. It is important to do away with this practice and benefit the customers. There should be a strong tracking mechanism right from mining to manufacturing and sourcing to selling in this regard,” he added. The Malabar Group, always committed to ensure the highest standards and purity in gold.

About Malabar Gold & Diamonds

Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 280 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. With an annual turnover of USD 4.51 billion, the company currently ranks one among the largest jewellery retailers globally.

Net profit after tax has increased from Rs. 10.00 Cr. for the FY 2020-21 to Rs. 18.87 Cr. for the FY 2021-22 as against the increase of turnover from Rs. 104.97 Cr. for the FY 2020-21 to Rs. 163.17 Cr. for the FY 2021-22, which displays mindful and efficient management of business while keeping the costs under control.

Financial Highlights - (Figures in Rs. Lakhs except EPS)
 

Mr. Rajesh Gupta, Founder and CEO, Nupur Recyclers was euphoric to share annual numbers for the FY 21-22, he said, “Financial Year 21-22 is a year of achievement as the company went for its maiden IPO. With a Y-o-Y growth of 88.62% in PAT margins, we are quite optimistic for current financial year growth. Our stakeholders and other partners in supply chain are our real strength and we shall continue to work harder for them.”

Briefing on the company’s future expansion plans during the current financial year, Mr. Gupta updated, “Company has already roped in Go Green Environment to constantly work towards developing an effective ESG framework compliant with BRSR (Business Responsibility and Sustainability Reporting) format. We are keenly looking forward to acquire Hydrometallurgy plant in order to extract zinc, copper, nickel etc. in an eco-friendly way. We are also looking forward to have a controlling stake in e-waste companies. Company is already under oath to keep the environment safe while taking care of stakeholders’ interest.”

About Nupur Recyclers Limited

Nupur Recyclers Limited is a well-established Company in non-ferrous metal scrap recycling industry having long experience in trading and processing/ manufacturing of non-ferrous metal scrap. Equity shares for NRL were listed on NSE Emerge platform on Dec 23, 2021.

For more information regarding NRL please visit the company’s own website www.nupurrecyclers.com.
 

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The most noticeable platinum jewellery trends were bold necklaces and earrings, cocktail rings on multiple fingers, and stackable bracelets. Celebrities including Billie Eilish, Hailey Bieber, Maude Apatow, and Daisy Edgar-Jones wore statement platinum designs that were sophisticated yet contemporary.

Platinum jewellery is made of 95% pure platinum with minimum use of other ingredients - making it the finest metal available to us today. Platinum is the metal of choice for most red-carpet events around the world. The who’s who of the fashion and glamour world love to style their ensemble with this naturally white, precious metal from Elizabeth Taylor to Lady Gaga - they have all dressed in platinum for the red carpet.

Platinum Guild International is pleased to share that leading red carpet jewellery brands such as Kwiat, Fred Leighton, Tiffany & Co., Cartier, De Beers, Jacob & Co., and Bayco chose to style A-list celebrities in naturally white platinum.

The following stars selected platinum jewellery to celebrate their fashionable evening:

Billie Eilish in jewellery by Fred Leighton set in platinum

• Early 20^th century diamond swag brooch, set in platinum

• C1900 old European cut diamond riviere, set in platinum and gold

• C1900 diamond fringe necklace, set in platinum

• C1910’s round diamond pendant earrings, set in platinum and gold

• A collection of vintage diamond stackable bands, set in platinum

• Early 20^th century 5 stone old mine diamond ring, set in platinum

• Early 20^th century filigree twin ring with old European cut diamonds, set in platinum

• Early 20^th century bypass ring with 4 carats of old European cut and baguette diamonds, set in platinum

• Early 20^th century filigree ring with 4 carats of old European cut diamonds, set in platinum

• Early 20^th century orange-brown diamond ring, set in platinum

• Early 20^th century light purplish pink sapphire and diamond ring, set in platinum

www.instagram.com/p/CdIA-vjucwy.

Billie Eilish in jewellery by Fred Leight set in platinum at MET Gala 2022 (Credits - @billieeilish)​

Hailey Bieber in jewellery by Tiffany & Co. set in platinum

• Earrings with diamonds, set in platinum

• Bracelet with diamonds, set in platinum

• Tiffany Victoria® line bracelet with diamonds, set in platinum 

• Tiffany Victoria® tennis bracelet with diamonds, set in platinum

• Tiffany Victoria® cluster tennis bracelet with diamonds, set in platinum (x3)

• Tiffany Victoria® mixed cluster bracelet with diamonds, set in platinum 

• Ring with diamonds, set in platinum

www.instagram.com/p/CdGlQdQL_zy.

Hailey Bieber in jewellery by Tiffany & Co. set in platinum at MET Gala 2022 (Credits - @haileybieber)

Joe Jonas in jewellery by Fred Leighton set in platinum

• Fred Leighton C1920’s onyx and diamond necklace, set in platinum

www.instagram.com/p/CdFQZWvOeMQ.

Joe Jonas in jewellery by Fred Leight set in platinum at MET Gala 2022 (Credits - @joejonas)​

Sarah Jessica Parker in jewellery by Fred Leighton set in platinum

• Round diamond ring (11 carats) Signed Fred Leighton, set in platinum

• Fred Leighton Early 20^th century pink sapphire and diamond ring, by Cartier, set in platinum

• Fred Leighton Early 20^th century marquise diamond ring, set in platinum

• Fred Leighton Early 20^th century onyx and diamond ring, set in platinum

www.instagram.com/p/CdEo_n7OqSL.

Sarah Jessica Parker in jewellery by Fred Leighton set in platinum at MET Gala 2022 - (Credits - @sarahjessicaparker)

Emma Chamberlain in jewellery by Cartier set in platinum

• Vintage Cartier tiara (Paris 1911) with diamonds, set in platinum

• Cartier High Jewelry earrings with diamonds, set in platinum

• Cartier 1895 earrings with diamonds, set in platinum

• Vintage Cartier necklace (Paris 1928) with diamonds, set in platinum

• Étincelle de Cartier wedding band with diamonds, set in platinum (x2)

www.instagram.com/p/CdGoCLgL0sO.

Emma Chamberlain in jewellery by Cartier set in platinum at MET Gala 2022 - (Credits - @emmachamberlain)

Kerry Washington in jewellery by Jacob & Co. set in platinum

• Necklace by Jacob & Co. set in platinum

• Earrings by Jacob & Co. set in platinum

www.instagram.com/p/CdE2hqxt_vl/.

Kerry Washington in jewellery by Jacob & Co. set in platinum at MET Gala 2022 - (Credits - @kerrywashington)

About Platinum Jewellery

Platinum is the ideal choice for red carpet jewellery because it holds diamonds and precious gemstones more securely than any other metal. It is not only the highest quality metal, but its density makes it one of the most durable and enduring precious metals. Platinum is also naturally white, unlike white gold, which means it will not cast any tint onto a diamond or gemstone, allowing the stone's genuine color to sparkle brightly.

More platinum jewellery styles and information can be found @platinumevara (IG).

“IME brings together India’s key players across mining, minerals, metals and machinery industries and this makes it an opportunity for us to showcase our products and solutions across bearings, seals, lubrication systems and services as well as engage with customers, partners, suppliers, and other stakeholders,” said Sumit Mitra, Director - Lubrication & Seals Business, India & SEA. “We help our customers drive down their costs of operation and maintenance thereby maximizing their profitability, be it through delivering products that perform in harsh and demanding environments or through optimizing total cost of ownership. At this event, we will highlight our commitment to technology, innovation, and sustainability, building the foundation for intelligent and clean solutions to fulfil the present and future needs of our customers and the environment.”

SKF’s aim is to address the needs of the industry with its diverse portfolio of solutions that will help maximize plant reliability for manufacturers, unlocking the full potential of their plant assets adding to the production efficiency and thereby the output.

Key exhibits at the SKF booth include:

• Bearings: Multirow Cylindrical & Tapper roller bearing, bearing units sealed for life & 100% contamination protection.

• Lubrication Solutions: SKF Progressive system, Centro-matic system and Air Oil system for improved reliability under heavy loads, minimized friction and wear, as well as increased equipment availability.

• SKF Unitized offerings: A complete unitized bearing unit solution comprising Bearing Housing, SKF explorer bearing, Shaft seal & lubrication systems for crushing equipment like Jaw crushers and vibrating screens.

• Maintenance products: Induction heaters, Pullers, and Electronic instruments for increased reliability, reduced operating cost & improved worker safety.

• Rotating Equipment Performance - A data-driven maintenance program designed to help customers optimize the total cost of ownership without compromising on reliability, safety & productivity.

• Condition monitoring products: Automated Machine Learning, expert fault verification systems, remote diagnostics, etc. 

International Mining Equipment, Minerals and Metal Exhibition’22 will be held from April 4-7 at Kolkata.

About SKF

SKF’s mission is to be the undisputed leader in the bearing business. We do this by offering solutions that reduce friction and CO2 emissions, whilst at the same time increasing machine uptime and performance. Our products and services around the rotating shaft, include bearings, seals, lubrication management, artificial intelligence and wireless condition monitoring. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2021 were SEK 81 732 million and the number of employees was 42,602.

For more information, please visit: www.skf.com/in.