COAL & MINING

"Reimagining Classic Literature: Reinventing Timeless Stories"

Organised by CII, the 16th edition of the International Mining and Machinery Exhibition (IMME) - India's only focused fair for the mining industry was held between November 16-19, 2022, at Rajarhat in Kolkata. The mining industry is key to India’s growth ambition of $5 trillion. With ...

Organised by CII, the 16th edition of the International Mining and Machinery Exhibition (IMME) - India's only focused fair for the mining industry was held between November 16-19, 2022, at Rajarhat in Kolkata. The mining industry is key to India’s growth ambition of $5 trillion. With the government recently coming out with some critical reforms in the mining and coal sector under the Atmanirbhar Bharat package, mining is seen as one sector that has the potential to trigger growth, revenue and employment. Against this backdrop, IMME 2022 showcased the latest range of mining machinery, equipment, advanced technology solutions, services and supplies from India and abroad. Since its inception in 1984, IMME has been the most prominent mining exhibition that brings together the segment's key players, contributing to the growth of the sector in India. With four days of power-packed international exhibitions, 350+ exhibitors, and 700+ delegates, India’s largest mining exhibition saw the who’s who of the segment come together under one roof. Spread over 100,000 sq ft, the exhibitors included players from crushing and conveying equipment, machinery, supplies and consumables, procurement and supply managers, contractors, cement manufacturers, steel, aluminium industry, and many more. Amidst the IMME, the Global Mining Summit 2022 discussed the Role of Minerals in Shaping a Sustainable Future to highlight the growth and emerging trends in the Indian mining sector. It focused on the high-priority aspects of the mining business including exploration, ease of doing business, new technology, policy frameworks for sustainable mining, and emerging opportunities. Participation from major geographies like Australia, Canada, Poland, Czech Republic, Germany, Italy, the UK, Indonesia, and Russia, has made IMME an ideal platform for collaborations, technology transfer and networking opportunities with key international players in the sector.

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Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

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Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

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Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

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