
MGMI hosts ‘Prism 2025' seminar on sustainable mining innovation
Nagpur: The Mining, Geological and Metallurgical Institute of India (
) successfully organised 'Prism 2025', a seminar on 'Progressive Resource Innovation for Sustainable Mining' recently.
Tired of too many ads? go ad free now
PM Prasad, chairman of Coal India Limited, inaugurated the event as chief guest and emphasised the importance of research and development in mining, geology, and metallurgy.
He stressed the need for consistency and collaboration for sectoral progress.MGMI national president and CMD of Western Coalfields Limited, JP Dwivedi, highlighted innovations like
and eco parks being implemented by WCL to promote sustainable mining.Other dignitaries included CMD CCL Nilendu Kumar Singh, CIL director (business development) Debashish Nanda, MOIL president Ajit Kumar Saxena, and MECL chairman ID Narayan. Key sessions covered coal gasification, forest clearances, smart explosives, performance improvement, and digital integration. Officials from WCL, MCL, NCL, SECL, and others actively participated.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
14 hours ago
- Business Standard
IRCON, RVNL: Disconnect between fundamentals, valuations of railway stocks
The sharp rally in the railway-related stocks thus far in fiscal 2025-26 (FY26) has been on account of an overall uptick in the stocks of mid-and small-caps and lacks fundamental support, argues a recent report by Kotak Institutional Equities, and warns of a 'large disconnect' between the fundamentals and the valuations of railway stocks. 'We see a large disconnect between the fundamentals and valuations of the railway companies. PSU railway stocks trade at several times book value (net worth) and at very rich price-earnings (P/E) multiples. The valuations are very hard to reconcile with the financials and growth prospects of the companies,' wrote Sanjeev Prasad, managing director & co-head at Kotak Institutional Equities in a recent coauthored note with Anindya Bhowmik and Sunita Baldawa. Cash and investments, the note said, accounted for 25 per cent of the book value at end-FY25 and other income accounted for 12 per cent of the pre-tax profits of the railway stocks in FY25. DETAILED VALUATION GRAPHIC HERE Thus far in FY26, most railway-related stocks have seen a sharp rally, with Railtel Corporation of India surging nearly 47 per cent during this period. Ircon International, Rites Ltd., Texmaco Rail, Rail Vikas Nigam (RVNL), Titagarh Rail Systems and Indian Railway Finance Corporation (IRFC) moved up 17 per cent to 40 per cent, ACE Equity data shows. In comparison, the Nifty 50 index has gained 6.3 per cent, while the Nifty CPSE index has moved up 6.7 per cent during this period, data shows. Midcap mania Rally in the railway stocks, the Kotak note said, is attributed to the general excitement and euphoria in the small-and midcap (SMID) stocks, which has resulted in several narratives across sectors that are dominated by SMID stocks. Market capitalization (market-cap) of the 7 railway stocks (IRFC, RailTel, IRCON, RITE, Jupiter Wagons, Titagarh Wagons and RVNL) studied by Kotak stood at Rs 3.6 trillion as on June 5 versus book value of Rs 784 billion and net profit of Rs 99 billion in FY25. "The market is clearly not making any distinction across sectors and stocks, as long as they fit into some prevailing narrative (defense, electrification, manufacturing, railways). Many of the 'narrative' stocks are largely owned by retail shareholders, which may partly explain the periodic bouts of extreme volatility in the stocks," Prasad wrote. Capex plans Going ahead, Kotak does not see a meaningful pick-up in railway capex, which could bolster the earnings of related companies and justify the steep premium they command at the bourses. Indian Railways, Prasad feels, may have largely maximized the capacity of its extant railway network with large investments in rolling stock and track over the past 10 years. Moreover, he feels there is low visibility on new projects such as a high-speed railway network on the lines of dedicated freight corridors or the upcoming Ahmedabad-Mumbai high-speed line. The outlay for railway capex stood at Rs 2,426 billion in FY24, Rs 2,519 billion in FY25 revised estimates (RE) and Rs 2,520 billion in FY26 budget estimates (BE), the Kotak note said. "The bulk of the capex of the railway sector is captured in the central government budget, with only a portion of capex pertaining to metro projects captured under a different head of government spending. Even spending on metro has not seen a meaningful pickup," the note said.


India Gazette
2 days ago
- India Gazette
"Pak Generals want conflict, terrorists are their tools": Ravi Shankar Prasad in Berlin
Berlin [Germany], June 7 (ANI): BJP MP and leader of the all-party delegation Ravi Shankar Prasad on Saturday sharply criticised Pakistan's military establishment, asserting that its Generals orchestrate conflicts to remain relevant, using terrorists as tools to destabilise India. During a community event with the Indian diaspora in Berlin, Prasad highlighted India's remarkable progress in IT, space, and digital transformation under Prime Minister Narendra Modi's leadership, contrasting it with Pakistan's repeated failures in wars while referring to the repeated incidents of Pakistan-sponsored terrorism and the military's dominant role in the country's politics. 'India and Pakistan were born the same day. Where are we in India, and where are they (Pakistan)? India has become a major global IT power in the world. India has become an emerging space power in the world. The startup movements here are now globally recognised. India has also become the second biggest mobile phone manufacturer in the world. We have brought digital transformation with equity and justice,' Prasad said. 'What Pakistan is doing is creating terror machines. How to create world-class terrorists under their (military) Generals. They attacked us four times and lost every time. We never attacked; they were the ones who always started the war. It is because they are under the control of Generals and not political leaders. Generals want conflict to keep themselves relevant, and terrorists are the instruments through which they execute. Wherever there is a terrorist, either he is a Pakistani or trained in Pakistan,' he added. He emphasised India's economic achievements, including a 51 per cent share of global digital payments and its status as the second-largest mobile manufacturer, attributing this to PM Modi's 2014 vision of 'IT+IT=IT' (Information Technology + India's Talent = India Tomorrow). 'Prime Minister Narendra Modi used to say in 2014 that if he became the PM, he would make an India where IT+IT=IT, which means Information Technology + India's Talent = India Tomorrow. Digital payment in India is at 51 per cent of the world,' the BJP MP stated. Prasad also spoke about the April 22 Pahalgam terror attack and India's decisive response through Operation Sindoor on May 7, noting that Operation Sindoor remains paused but ready to resume based on Pakistan's actions. 'Pahalgam attack happened on April 22. We attacked on May 7 and hit the terrorist camps. If Pakistan has to talk, it must directly speak to us. Our message was stern and straight: If you stop, we stop. If you fire, we will give a stronger reply. Operation Sindoor is on pause, subject to the good behaviour of Pakistan. It has not ended,' he stated. The delegation, led by Ravi Shankar Prasad, includes BJP MPs Daggubati Purandeswari and Samik Bhattacharya, Congress MP Amar Singh and Gulam Ali Khatana, Shiv Sena (UBT) MP Priyanka Chaturvedi, AIADMK MP M Thambidurai, former Union Minister MJ Akbar and former diplomat Pankaj Saran. The delegation arrived in Germany after concluding their visit to Belgium to convey India's resolute and united stand against terrorism. (ANI)


Time of India
2 days ago
- Time of India
'Pakistani Generals want conflict, terrorists are their tools': Ravi Shankar Prasad in Berlin
File photo: BJP MP Ravi Shankar Prasad (Picture credit: ANI) BERLIN: BJP MP and leader of the all-party delegation Ravi Shankar Prasad on Saturday sharply criticised Pakistan's military establishment, asserting that its Generals orchestrate conflicts to remain relevant, using terrorists as tools to destabilise India. During a community event with the Indian diaspora in Berlin, Prasad highlighted India's remarkable progress in IT, space, and digital transformation under Prime Minister Narendra Modi's leadership, contrasting it with Pakistan's repeated failures in wars while referring to the repeated incidents of Pakistan-sponsored terrorism and the military's dominant role in the country's politics. "India and Pakistan were born the same day. Where are we in India, and where are they (Pakistan)? India has become a major global IT power in the world. India has become an emerging space power in the world. The startup movements here are now globally recognised. India has also become the second biggest mobile phone manufacturer in the world. We have brought digital transformation with equity and justice," Prasad said. "What Pakistan is doing is creating terror machines. How to create world-class terrorists under their (military) Generals. They attacked us four times and lost every time. We never attacked; they were the ones who always started the war. It is because they are under the control of Generals and not political leaders. Generals want conflict to keep themselves relevant, and terrorists are the instruments through which they execute. Wherever there is a terrorist, either he is a Pakistani or trained in Pakistan," he added. He emphasised India's economic achievements, including a 51 per cent share of global digital payments and its status as the second-largest mobile manufacturer, attributing this to PM Modi's 2014 vision of "IT+IT=IT" (Information Technology + India's Talent = India Tomorrow). "Prime Minister Narendra Modi used to say in 2014 that if he became the PM, he would make an India where IT+IT=IT, which means Information Technology + India's Talent = India Tomorrow. Digital payment in India is at 51 per cent of the world," the BJP MP stated. Prasad also spoke about the April 22 Pahalgam terror attack and India's decisive response through Operation Sindoor on May 7, noting that Operation Sindoor remains paused but ready to resume based on Pakistan's actions. "Pahalgam attack happened on April 22. We attacked on May 7 and hit the terrorist camps. If Pakistan has to talk, it must directly speak to us. Our message was stern and straight: If you stop, we stop. If you fire, we will give a stronger reply. Operation Sindoor is on pause, subject to the good behaviour of Pakistan. It has not ended," he stated. The delegation, led by Ravi Shankar Prasad, includes BJP MPs Daggubati Purandeswari and Samik Bhattacharya, Congress MP Amar Singh and Gulam Ali Khatana, Shiv Sena (UBT) MP Priyanka Chaturvedi, AIADMK MP M Thambidurai, former Union Minister MJ Akbar and former diplomat Pankaj Saran. The delegation arrived in Germany after concluding their visit to Belgium to convey India's resolute and united stand against terrorism.