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Kolkata: State-run Coal India Ltd on Tuesday mentioned its board has accepted a pre-feasibility report for establishing an built-in aluminium venture in Odisha.
The miner, in December final yr, had bought in-principle approval for venturing into aluminium and photo voltaic sectors and creation of particular goal automobiles.
“CIL in its board assembly held on date had accorded its in-principle approval to pre-feasibility report for establishing of built-in greenfield aluminium venture in Odisha which shall embody bauxite mining, alumina refinery, aluminium smelter and related captive energy plant by its wholly owned subsidiary Mahanadi coalfields Restricted,” the coal behemoth mentioned in a regulatory submitting.
The Maharatna PSU accounts for over 80 per cent of home coal output and has experience in mining.
The Centre has additionally requested the state-owned miner to diversify its enterprise and discover prospects in areas like electrical automobiles and charging pods.
“CIL should diversify its enterprise and discover prospects in dawn industries electrical charging pods, EVs and so forth,” based on Coal Ministry’s agenda for 2021-22.
It additional mentioned that CIL has plans to diversify contemplating the longer term restriction on carbon emission which is inevitable.
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An aluminium plant in China’s Yunnan province with annual capability of 300,000 tonnes has stopped manufacturing after an explosion on Thursday night, Shanghai Metals Market reported
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