Latest news with #KCM
India Gazette
21-05-2025
- Business
- India Gazette
iGOT Karmayogi crosses landmark of 1 crore registered users
New Delhi [India], May 21 (ANI): The total number of registrations in the iGOT Karmayogi platform, a digital learning platform for serving civil servants crore, crossed the one crore mark, a 30-fold growth from 3 lakh registered users since January 2023, according to a statement from the Ministry of Personnel, Public Grievances and Pensions. According to the ministry, this rapid scale-up underlines the growing adoption of digital technology in public administration and reaffirms the government's commitment to building a future-ready and citizen-centric civil service. The ministry said in a statement on Wednesday that this milestone was achieved due to the active participation of both central and state/UT civil servants. Over 60 per cent of the registered users on the iGOT Karmayogi platform are from all 36 States/UTs, while the remaining are from central government ministries, departments and organisations. 'This demonstrates pan-India outreach of the platform and growing integration with state-level governance frameworks,' the ministry said. So far, the top five states with a relatively higher number of registered civil servants on the platform are Bihar, Andhra Pradesh, Madhya Pradesh, Rajasthan and Uttar Pradesh. So far, over 3.1 crore learning certificates have been issued to civil servants based on course completion, which aggregates to more than 3.8 crore learning hours. iGOT Karmayogi platform offers over 2,400 courses in 16 languages contributed by more than 200 course providers, including Central and State Government Ministries and Departments, Civil Services Training Institutes (CSTIs), Civil Society Organisations, philanthropic bodies, premier Indian academic institutions, and private industry experts. According to the ministry, all courses are aligned with the indigenously developed Karmayogi Competency Model (KCM) - rooted in Indic wisdom and the tenets of Mission Karmayogi. With more than 1 crore registered civil servants, the focus areas for the iGOT Karmayogi platform in the near future include increasing the number of courses in regional languages, improving course quality, partnering with more content providers, and improving the user experience using AI and other technologies. The iGOT Karmayogi platform is designed as a Digital Public Infrastructure - offering a sustainable, scalable and secure digital ecosystem for continuous learning in the public sector. Several countries from the Caribbean and other regions have expressed interest in collaborating on the adoption of the iGOT Karmayogi DPI framework, reaffirming India's growing role as a global partner in digital innovation. (ANI)
Mint
21-05-2025
- Business
- Mint
iGOT Karmayogi crosses landmark of 1 crore registered users
New Delhi [India], May 21 (ANI): The total number of registrations in the iGOT Karmayogi platform, a digital learning platform for serving civil servants crore, crossed the one crore mark, a 30-fold growth from 3 lakh registered users since January 2023, according to a statement from the Ministry of Personnel, Public Grievances and Pensions. According to the ministry, this rapid scale-up underlines the growing adoption of digital technology in public administration and reaffirms the government's commitment to building a future-ready and citizen-centric civil service. The ministry said in a statement on Wednesday that this milestone was achieved due to the active participation of both central and state/UT civil servants. Over 60 per cent of the registered users on the iGOT Karmayogi platform are from all 36 States/UTs, while the remaining are from central government ministries, departments and organisations. "This demonstrates pan-India outreach of the platform and growing integration with state-level governance frameworks," the ministry said. So far, the top five states with a relatively higher number of registered civil servants on the platform are Bihar, Andhra Pradesh, Madhya Pradesh, Rajasthan and Uttar Pradesh. So far, over 3.1 crore learning certificates have been issued to civil servants based on course completion, which aggregates to more than 3.8 crore learning hours. iGOT Karmayogi platform offers over 2,400 courses in 16 languages contributed by more than 200 course providers, including Central and State Government Ministries and Departments, Civil Services Training Institutes (CSTIs), Civil Society Organisations, philanthropic bodies, premier Indian academic institutions, and private industry experts. According to the ministry, all courses are aligned with the indigenously developed Karmayogi Competency Model (KCM) - rooted in Indic wisdom and the tenets of Mission Karmayogi. With more than 1 crore registered civil servants, the focus areas for the iGOT Karmayogi platform in the near future include increasing the number of courses in regional languages, improving course quality, partnering with more content providers, and improving the user experience using AI and other technologies. The iGOT Karmayogi platform is designed as a Digital Public Infrastructure - offering a sustainable, scalable and secure digital ecosystem for continuous learning in the public sector. Several countries from the Caribbean and other regions have expressed interest in collaborating on the adoption of the iGOT Karmayogi DPI framework, reaffirming India's growing role as a global partner in digital innovation. (ANI)
Time of India
04-05-2025
- Business
- Time of India
Vedanta mulls Zambian copper biz listing in US among fundraising options
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mining conglomerate Vedanta Resources is looking at multiple options, including listing its Zambian copper business Konkola Copper Mines in the US market, to raise capital for the development of mining assets, a company official said. The company's Konkola Copper Mine has reserves and resources of 16 million tonnes of contained copper."Zambian asset, Konkola copper mine has ... one of the highest grades of copper ... And in that case, there are multiple options in terms of raising capital. And for value creation, listing in fullness of time is one of the options," Vedanta's chief financial officer Ajay Goel told at the current prices of copper, he said, this mine will truly be a gold having said that, right now, nothing has been finalised, he said, adding that the listing is one of the options in the near asked how much the company is planning to raise from the listing and how will the funds be utilised, he said, "We haven't reached that stage in terms of the valuation for the KCM and what amount will be raised. Having said that, right now our entire focus remains on making the KCM, our Zambian asset, fully operational, reach its full capacity of 300 KTPA and obviously in fullness of time, listing is one of the options."Copper is a critical mineral for the energy transition technologies and demand is soaring globally for use in electric vehicles and an increasingly digitised modern world striving for net high-grade copper deposits in excess of 2.4 per cent, KCM is one of the largest deposits of high-grade copper in the world. With a total of 4,12,000 tonnes of contained cobalt reserves and resources, KCM also has the potential to sit amongst the top five cobalt producers plans to ramp up KCM copper production to 300,000 tonnes per annum from the current 200,000 tonnes per annum and increase cobalt production from 1,000 tonnes per annum to 6,000 tonnes per annum by improving production capabilities at Resources Limited is the holding company for Vedanta Limited and Konkola Copper Mines. These businesses in turn have multiple subsidiaries with a portfolio comprising operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate.
Yahoo
24-04-2025
- Business
- Yahoo
Vedanta eyes US IPO to develop Konkola copper mines in Zambia
UK-based miner Vedanta Resources is exploring a public listing in the US for its Zambian unit, Konkola Copper Mines (KCM), to raise approximately $1bn for mine development, reported Reuters, citing three sources with knowledge of the matter. The company, owned by Indian billionaire Anil Agarwal, has engaged Barclays and Citigroup to advise on potential initial public offering (IPO) plans. The discussions about the New York listing for KCM are still in the preliminary stages, with no definitive timeline established. Vedanta Resources holds an 80% stake in KCM, with the Zambian Government owning the remaining 20% through ZCCM-IH, a state-owned investment company. KCM is noted for possessing some of the world's highest-grade copper deposits and around 400,000 tonnes (t) of cobalt reserves, essential for the clean energy transition. A Vedanta spokesperson confirmed that the company is considering various financing options including "internal accruals, debt instruments and equity options" to support growth across its global operations. Vedanta aims to increase copper production to around 300,000t annually over the next five years. The company's output had previously suffered due to a legal dispute with the Zambian Government, which had placed KCM into provisional liquidation. However, Agarwal regained control of the mines, along with a smelter and refinery, in the past year. Since reclaiming the assets, Vedanta has secured short-term financing, cleared local debts and increased community investments. The company has also created a US-based entity, Global Transition Resources, which produces copper, cobalt and gold in Africa, as stated on a social media post. It remains unclear if this entity would house the assets for the potential US listing. A previous attempt to sell a stake to United Arab Emirates-based International Resources Holding fell through, and efforts to offload at least a 30% equity stake have not been successful, making an IPO a likely option, the report stated. "Vedanta eyes US IPO to develop Konkola copper mines in Zambia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Economic Times
24-04-2025
- Business
- Economic Times
Vedanta shares in focus as parent eyes US listing for Zambian copper unit
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Vedanta Ltd are expected to be in focus on Thursday following reports that its parent, Vedanta Resources , is considering a U.S. public listing for its Zambian unit, Konkola Copper Mines (KCM), to raise around $1 billion for mine London-based parent, owned by Indian billionaire Anil Agarwal , has engaged Barclays and Citigroup to advise on the potential IPO, according to three sources cited by Reuters. The discussions are at a preliminary stage, and no timeline has been is evaluating New York as a possible listing venue for KCM, which it claims hosts one of the world's highest-grade copper deposits, along with reserves of roughly 400,000 tons of cobalt—both critical for clean energy and electric vehicle a spokesperson declined to comment on the specifics, Vedanta Resources confirmed it is exploring various financing options. 'We continue to evaluate a range of financing options, including internal accruals, debt instruments, and equity, as we invest and grow globally,' the spokesperson told fundraising aligns with Vedanta's plan to ramp up copper production to about 300,000 metric tons annually over the next five years. Output at KCM had declined amid a long legal dispute with Zambia's former government, which had placed the unit under provisional liquidation citing regaining control last year, Vedanta has secured short-term funding, started repaying dues to local suppliers and power companies, and increased community investments in the has also incorporated a U.S.-based entity, Global Transition Resources Inc., which, according to a LinkedIn post, produces copper, cobalt, and gold in Africa. However, Reuters could not confirm whether this entity would house the KCM assets if listed in the attempts to attract strategic investors for KCM have fallen through. A planned stake sale to UAE-based International Resources Holding collapsed over valuation issues, while a separate effort to sell a minimum 30% stake in KCM did not Resources owns 80% of KCM, with the remaining 20% held by Zambia's state investment arm, parent is also undergoing a broader restructuring to split its oil-to-metals business into five independently listed entities, a move that could shape its future financing Ltd shares have gained 11% over the past year and closed 1.3% higher at Rs 418.30 on Wednesday, April 23, on the BSE.
