Maharashtra is set to toughen its stance against illegal sand mining. Revenue Minister Chandrashekhar Bawankule announced a new joint policy imposing criminal charges alongside fines for violators. This unified government resolution empowers both the home and revenue departments to act independently, ensuring dual penalties and dismantling the safety net for sand mafias.
The Indian mining and construction equipment (MCE) industry anticipates muted growth of 2-5% in FY26, reaching 1.43-1.47 lakh units, according to ICRA. While exports showed strong growth, domestic demand was hampered by tepid award activity and CEV-V norm implementation, leading to higher costs and squeezed OEM margins. Recovery hinges on improved traction in H2 FY26.
The Delhi Development Authority (DDA) is set to auction a 23-acre land parcel in Rohini, Sector 36, for a large-scale warehousing complex, marking their first venture into this type of development. DDA aims to discourage warehouse purchases in NCR regions by offering the property through a 33-year licensing agreement with an annual fee of Rs 17.4 crore.
Rajasthan grapples with rampant illegal sand mining, exacerbated by a scarcity of legally operational mines. The sand mafia's presence is strong in districts like Bhilwara and Tonk, prompting government intervention. While authorities conduct raids and impose penalties, environmental clearance delays hinder legal mining, potentially fueling further illegal activities post-monsoon.
Orient Cables (India) Ltd has filed papers with Sebi to raise Rs 700 crore through an IPO. The IPO comprises a fresh issue of Rs 320 crore and an OFS of Rs 380 crore. The company plans to use the fresh issue proceeds for capital expenditure, debt repayment, and general corporate purposes.
Despite an NGT ban, illegal sand mining persists in Bokaro, particularly at Bhathua Ghat, with minimal enforcement. While the mining department reports seizures and fines, the focus on sand mining remains limited, even as illegal extraction continues unabated.
Shakti Pumps has successfully raised Rs 292.60 crore through Qualified Institutional Placement, issuing 31.87 lakh shares at Rs 918 each. The funds will be used to establish a 2.20 GW solar cell and module manufacturing plant in Madhya Pradesh.
Chief Minister Rekha Gupta has appealed to Uttar Pradesh CM Yogi Adityanath to urgently address illegal sand mining in the Yamuna River along the Delhi-UP border. Gupta highlighted the ecological damage, increased flood risk due to weakened embankments, and concerns raised by the National Green Tribunal.
Nagpur administration plans to offer free fly ash to businesses. This is due to the Koradi and Khaparkheda power plants' ash storage nearing full capacity. The initiative aims to reduce environmental concerns. It also promotes the use of fly ash in construction. Businesses will only bear transportation costs. This move supports eco-friendly practices in the region.
Incuspaze, a workspace solution provider, has acquired VSKOUT. VSKOUT offers data analytics for commercial real estate. The deal involves cash and equity swap. VSKOUT's founders, Saumya Kumar and Pankaj Jain, will take leadership roles at Incuspaze.
Oriental Trimex will sell land and a granite unit in Odisha. This will streamline operations and boost liquidity. The company will begin quarry operations at its Black Granite mine soon. They received a mining lease from the Odisha government in May. A new "smart cut" machine will reduce waste.
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