Speed up mine operations, focus on urban mining for critical minerals: Kishan Reddy

Speed up mine operations, focus on urban mining for critical minerals: Kishan Reddy


Addressing the Rashtriya Khanij Chintan Shivir in Gandhinagar, Union Minister of Coal and Mines G Kishan Reddy said urban mining and recycling of electronic waste hold huge potential amid global supply chain challenges. A file photo.
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Union Minister of Coal and Mines G Kishan Reddy on Friday stressed the need to reduce the time taken to operationalise mines to be globally competitive, and also urged the states to focus on extracting critical minerals from electronic waste to meet the domestic demand.

Noting that the mining ecosystem was changing rapidly at the global level, he said urban mining holds a huge potential.

Reddy was addressing the inaugural session of the ‘Rashtriya Khanij Chintan Shivir – 2026’ at Mahatma Mandir Convention Centre in Gandhinagar. Gujarat Chief Minister Bhupendra Patel was also present.

The mining sector is in a dynamic phase globally at present due to fast-changing mining geopolitics, focus on critical minerals, advent of new technology, sustainable targets, and competitive mining markets, he said.

Global context

“The entire mining ecosystem is rapidly changing worldwide. Today, this sector is not only a medium for development and industrial growth, but has also become a crucial foundation for India’s geopolitical strength, strategic security and global influence,” Reddy said.

According to him, India needs to look at the mining sector with a 360-degree approach and focus on the entire value chain, including refining, recycling and reprocessing.

Reddy urged all the state governments and departments concerned involved in mining and geology to work together to make the mining value chain more efficient.

Faster clearances

“We need to accelerate exploration by adopting next-generation technologies. The time taken to obtain clearances should be minimised. The mining operation should commence in the shortest possible time. In Assam, a mine was started in just nine months. We need to work with this kind of speed and efficiency,” he said.

After auctions, it takes five to seven years to make a particular mine operational, the Union minister said.

“Therefore, we need to plan simultaneously and move forward, ensuring that exploration, clearances, land acquisition, R&R policies, and operations are completed in the shortest possible time,” said Reddy.

In order to increase the mining sector’s contribution to India’s GDP, the minister urged all the stakeholders to focus on technology upgradation, acquisition of skilled manpower, and research and development activities.

Urban mining

Amid global geopolitics, supply chain challenges and the growing demand for critical minerals, urban mining and waste-to-wealth approach have become a reality in the mining sector, Reddy said.

“There are new opportunities of extracting minerals from waste dumps and fly ash. All the state governments need to work towards extracting critical minerals through urban mining approaches. Urban mining has a huge potential in coming years,” he said.

He expressed confidence that India can fulfil a large portion of its demand for critical minerals from recycling old mobiles, laptops and electronics items.

“This year, a recycling incentive scheme was introduced to promote the urban mining and recycling industry,” he said.

The minister said all state governments, along with the central government and technology partners, must work together to fully utilise this scheme.

“Emphasis should be placed on urban mining alongside industrial waste management. We can bring urban mining to a large scale through strong management, advanced recycling technologies, skilled manpower, inter-ministerial coordination, and an integrated policy framework,” he said.

There are new opportunities of extracting minerals from waste dumps and fly ash. All state governments need to work towards extracting critical minerals through urban mining using the latest technology.

He informed the audience that in the coming years, digitalisation and data-driven decision making will decide the future course of the mining sector.

Reddy said India is also continuously adopting global best practices through policy reforms and technological developments to make India a powerful mining power.

Reform record

“In the last 11 years, the mining sector has seen unprecedented progress and reforms. The pace of reforms has been matched by the visible results on the ground. Compared to 2014, exploration in India has increased by approximately 190 per cent and mineral production has seen a double-digit growth rate,” he said.

The Ministry of Mines has organised the Chintan Shivir (brainstorming camp) in Gandhinagar with the objective of holding structured deliberations on key regulatory and developmental issues related to the mining sector and further strengthening Centre-state coordination, an official release said.

Published on January 9, 2026



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NaBFID ramps up derivatives to shield margins amid falling interest rates

NaBFID ramps up derivatives to shield margins amid falling interest rates


The move reflects growing volatility in India’s bond market and highlights how the state-backed lender is preparing for interest-rate swings as infrastructure lending accelerates.

India’s main infrastructure lender is boosting the use of derivatives as falling interest rates are squeezing its margins, according to people familiar with the matter.

The National Bank for Financing Infrastructure and Development, or NaBFID carried out transactions with a number of banks including JPMorgan Chase & Co., Standard Chartered Plc, Citigroup Inc. and Deutsche Bank AG, said the people who asked not to be identified because the information is private. These included index swaps and total return swaps, they said.

Rate impact

NaBFID has ramped up such deals over the past year to prevent falling interest rates from squeezing its cash flows. The Reserve Bank of India slashed its main rate by 125 basis points last year, posing a challenge for the lender because its loans are repriced every six or 12 months, while most of its own borrowing costs are fixed. Swaps allow one party to exchange fixed-rate payments for floating ones, helping smooth cash flows when rates move.

For the first time, some of these deals are now linked to bonds issued by Indian state governments, the people said, as rising yields on provincial debt have made the swaps more lucrative. The lender is also locking in swaps for 10 to 15 years to better match the life of its loans.

New Structures

More broadly, the push into more complex hedging strategies reflects turbulence in India’s bond market, where borrowing costs have jumped amid uncertainty over future rate cuts — and shows how the state-backed lender is preparing for volatility as Prime Minister Narendra Modi’s infrastructure push gathers pace.

Loans disbursed stood at ₹91,190 crore ($10.1 billion) on Sept. 30, up 21% from end-March, according to the lender’s investor presentation for end-September. The notional value of the financier’s outstanding derivatives reached ₹47,050 crore at the end of that month. 

JPMorgan, Standard Chartered, Citigroup and Deutsche Bank declined to comment. NaBFID did not respond to Bloomberg’s emails seeking comment.

More stories like this are available on bloomberg.com

Published on January 9, 2026



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Regulators and regulated entities are in the same team, not opposite camps, says RBI Governor Malhotra

Regulators and regulated entities are in the same team, not opposite camps, says RBI Governor Malhotra


Reserve Bank of India (RBI) Governor Sanjay Malhotra (file photo)
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PTI/KUNAL PATIL

The Reserve Bank of India (RBI) views its regulatory and supervisory roles vis-a-vis the regulated entities as collaborative and not adversarial, Governor Sanjay Malhotra said.

Further, the purpose of enforcement actions is generally not punitive, with the intent being largely to correct, he noted.

The Governor noted that the central bank measures its success as a regulator not only in terms of stability but also the dynamism and vibrancy in the financial sector. Similarly, for the regulated entities to succeed in the long term, stability is essential.

“Essentially, the objectives and purposes of the regulator and the regulated are the same — to ensure the long term growth, advancement, stability, integrity, and credibility of the financial system. The regulators and the regulated are in the same team and not opposite camps. We are partners in the nation’s development. Therefore, we have to work together to strike the right balance between growth and systemic stability on the one hand and between responsible innovation and consumer protection on the other hand,” Malhotra said in his Keynote Address at the Third Annual Global Conference of the College of Supervisors, Mumbai.

He observed that the function of regulation and supervision is a collaborative effort. Almost every regulation is finalised through a consultative approach.

Moreover, regulated entities also self-regulate through their own internal rules, controls, checks and procedures.

“Regulated entities have their own, if one can say so, in a broad sense, supervision — through their boards, senior management and assurance teams — both internal and external,” the Governor said.

Thus, while the statutory mandate to regulate and supervise lies with RBI, the obligation to uphold systemic resilience, to better serve the customers and facilitate the growth of the economy are shared responsibilities. It is a collaborative work with a collective aspiration.

“Let us all remember that regulation works best when banks and other regulated entities view supervisors not as fault-finding inspectors, but as partners in resilience. For a country like India, where banks play a critical role in financial intermediation and inclusive growth, this collaborative approach is not just desirable — it is essential,” he said.

Enforcement actions

Malhotra emphasised that supervisory action and enforcement by the Reserve Bank must be seen as part of a continuum of supervisory tools, not as a standalone response. This continuum begins with training and capacity building and moves through dialogue and guidance, off-site and on-site supervision.

“Enforcement, restrictions and penalties are measures of last resort. Our endeavour is to have a robust financial ecosystem where supervision encourages self-correction and enforcement acts only as backstop,” he said.

Moreover, the purpose of enforcement actions undertaken by the Reserve Bank is generally not punitive. The intent is largely to correct.

“They serve two purposes — (i) signal to those against whom such measures have been initiated; and (ii) make others aware of our acceptable standards of conduct and expectations,” the Governor said.

Effective use of data

Malhotra observed that while RBI has made good use of this data, there is scope for more effective use of data through platforms like CIMS and DAKSH, there is scope for more effective use of this data.

For example, Department of Supervision can build stronger analytics and supervisory dash boards for enhanced off-site surveillance, to support more continuous monitoring and early risk detection.

The Governor noted that the RBI’s endeavour should be to make supervision more off-site than on-site and as near real-time and not periodic. Increasingly, this will also mean using SupTech and AI-enabled tools more deeply, while retaining judgment and accountability, firmly with supervisors.

Similarly, Department of Regulation can use this for evidence based regulation making. It should be the RBI’s endeavour to make better and effective use of data.

Published on January 9, 2026



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Elecon Engineering shares slump 17% as Q3 profit drops, CFO resigns

Elecon Engineering shares slump 17% as Q3 profit drops, CFO resigns


At around 2 pm, the stock was still down nearly 16 per cent, trading at ₹422.50, hitting a low of ₹415.30 on the BSE, reflecting continued investor concerns over the company’s financial performance.
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istock.com

Elecon Engineering Company Ltd shares came under heavy selling pressure on Friday, plunging as much as 17 per cent after the company reported a sharp fall in quarterly earnings and announced the resignation of its chief financial officer due to personal reasons.

At around 2 pm, the stock was still down nearly 16 per cent, trading at ₹422.50, hitting a low of ₹415.30 on the BSE, reflecting continued investor concerns over the company’s financial performance.

The company reported a 33 per cent decline in standalone net profit for the December 2025 quarter at ₹61.89 crore, compared with ₹91.98 crore in the same period last year (December 2024). The steep drop in profitability weighed heavily on market sentiment, triggering a sell-off in the stock.

Meanwhile, its revenue from operations rose by 1.7 per cent to 454.16 crore in Q3FY26 against 446.32 crore in Q3FY25. EBITDA for the quarter under review declined over 23 per cent to 109.2 crore and the EBITD margin stood at 19.8 per cent.

According to Prayasvin B Patel, Chairman & Managing Director of Elecon Engineering Company, the order book as at December 31, 2025, stood at ₹ 1,372 crore.

The company’s material handling equipment (MHE) division sustained its growth trajectory, reporting revenue of ₹123 crore in Q3FY26, up 16.3 per cent y-o-y, with an EBIT margin of 20.2 per cent.

The gear division delivered a resilient performance, reporting revenue of ₹429 crore, up 1.3 per cnet y-o-y, with an EBIT margin of 18.2 per cent.

In addition, the board approved the resignation of Narasimhan Raghunathan as Chief Financial Officer, with effect from the close of business hours on January 31, 2026, due to personal reasons.

Published on January 9, 2026



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569 करोड़ के नए डिफेंस ऑर्डर से चमका इस कंपनी का शेयर; निवेशकों की हो गई मौज, शेयरों ने बनाया

569 करोड़ के नए डिफेंस ऑर्डर से चमका इस कंपनी का शेयर; निवेशकों की हो गई मौज, शेयरों ने बनाया


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Bharat Electronics Share Price: भारतीय शेयर बाजार में सप्ताह के आखिरी कारोबारी सेशन शुक्रवार, 9 जनवरी 2026 को डिफेंस सेक्टर की कंपनी भारत इलेक्ट्रॉनिक्स के शेयरों में अच्छी तेजी देखने को मिल रही है. कारोबार के दौरान स्टॉक करीब 2 फीसदी तक उछल चुके हैं. कंपनी शेयर 424 रुपये के इंट्राडे हाई स्तर तक पहुंच गए थे.

इस तेजी के पीछे कंपनी को मिले नए ऑर्डर की जानकारी को अहम वजह माना जा रहा है. आइए जानते हैं, शेयर बाजार में कंपनी शेयरों का हाल….

नए ऑर्डर से मजबूत हुई कंपनी की ऑर्डर बुक

भारत इलेक्ट्रॉनिक्स ने बताया है कि 1 जनवरी को दिए गए पिछले अपडेट के बाद अब तक उसे करीब 569 करोड़ रुपये के नए ऑर्डर मिल चुके हैं. कंपनी को मिले ये ऑर्डर अलग-अलग सेगमेंट से जुड़े हुए हैं. इनमें ड्रोन की पहचान और उन्हें जाम करने वाले सिस्टम, मोबाइल कम्युनिकेशन उपकरण, सॉफ्टवेयर सॉल्यूशन, सिस्टम अपग्रेड, स्पेयर पार्ट्स और उनसे जुड़ी सेवाएं शामिल हैं. इन ऑर्डर्स के मिलने से कंपनी की ऑर्डर बुक पहले के मुकाबले और मजबूत हुई है.

साथ ही कंपनी को 1 जनवरी को भी 569 करोड़ रुपये के ऑर्डर मिले थे. जो कम्युनिकेशन इक्विपमेंट, मेडिकल इलेक्ट्रॉनिक्स, फायर डिटेक्शन और सप्रेशन सिस्टम और स्पेयर पार्ट्स से जुड़े हुए थे.

कंपनी के मिल रहे नए ऑर्डर से निवेशकों का ध्यान भी कंपनी शेयरों पर बना हुआ है. नए ऑर्डर साफ तौर पर यह दिखाते हैं कि, कंपनी देश के डिफेंस मैन्युफैक्चरिंग सेक्टर में अहम भूमिका निभाने का काम कर रही है. 

बीएसई पर कंपनी शेयरों का हाल

भारत इलेक्ट्रॉनिक्स के शेयर बीएसई पर शुक्रवार के कारोबारी दिन हरे निशान पर ट्रेड कर रहे है. दोपहर करीब 12 बजे शेयर 1.07 प्रतिशत या 4.45 रुपये की तेजी के साथ 420.10 रुपये पर ट्रेड कर रहे थे. दिन की शुरुआत शेयरों ने 416.15 रुपये पर की थी.

दिन का हाई लेवल 424.50 रुपये था. कंपनी शेयरों के 52 सप्ताह के हाई लेवल की बात करें तो इस दौरान कंपनी शेयर 435.95 रुपये के आंकड़े पर पहुंच गए थे. वहीं 52 सप्ताह का लो लेवल 240.15 रुपये था. 

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)

यह भी पढ़ें: Gold Price Today: सोने की कीमत आज घटी या बढ़ी? जानें 9 जनवरी को किस रेट पर बिक रहा है सोना



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Future wars may be fought over critical minerals, not land or oil: Union minister CR Patil

Future wars may be fought over critical minerals, not land or oil: Union minister CR Patil


Citing the importance of critical minerals for the growth of the Indian economy, Union Minister CR Patil on Friday warned that future conflicts between nations may not be over territory or hydrocarbons, but over access to critical minerals that are key for clean energy, electric mobility and advanced manufacturing.

“There was a time when wars were waged for ownership of land. Then wars were fought for oil. Today the time has come when future wars between two nations could be over critical minerals,” Patil said while addressing a “Rashtriya Khanij Chintan Shibir” held in Gujarat’s state capital Gandhinagar. His remarks come amid intensifying global competition for minerals such as lithium, cobalt, nickel and rare earth elements—key inputs for batteries, renewable energy storage, semiconductors and defence technologies. India too has launched a National Critical Mineral Mission which is aimed at securing the country’s long term need for minerals essential for clean energy, advanced manufacturing, defence and high-technology sectors.

While critical minerals dominate future energy discussions, Patil also highlighted a more immediate concern related to coal. Pointing to India’s abundant coal reserves, the minister noted that certain countries are attempting to restrict products manufactured using coal-based energy, raising concerns about carbon-linked trade barriers. “There are some countries who are trying to stop our progress by imposing restrictions on products made using coal,” he said. “You might wonder how this is possible. But some countries are trying to do this to stop India’s progress,” said the minister for Jal Shakti without naming the countries.

Speaking about the long gestation period about mining assets in India, Union minister for Coal and mines, G Kishan Reddy said, “A mine that gets auctioned today takes five to seven years to become operational,” Reddy said. “So the focus should be on reducing time for exploration, clearances, land acquisition, resettlement and rehabilitation. This is important because we are in competition with other countries.”

“Looking at the global competition and geopolitics surrounding critical minerals, it is important to see how to strengthen India and make it self-reliant,” Reddy added at the event where Gujarat chief minister Bhupendra Patel was also present.

Published on January 9, 2026



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