Latest news with #Nagpur-based
Time of India
6 hours ago
- Business
- Time of India
Jalna dry port achieves customs port designation, Infra News, ET Infra
Advt The Central Board of Indirect Taxes and Customs (CBIC) has granted customs port status to the Jalna dry port for import and export operations , aimed at boosting trade and industry in the Marathwada region of development will allow the dry port ( inland container depot ) to handle imports, exports and other customs-related processing development will allow the dry port (inland container depot) to handle imports, exports and other customs-related processing activities. The notification, issued on Monday by Under Secretary Supriya Chandran, has been published in the Gazette of located near the Delhi-Mumbai Industrial Corridor (DMIC) and along the major national transportation routes, the Jalna dry port has been developed by the Jawaharlal Nehru Port Trust (JNPT). It is currently maintained by a Nagpur-based company and has steadily emerged as a key inland trade not a seaport, the facility enables customs clearance and storage of goods before they are transported to and from major ports like Mumbai port and JNPT via road and the first phase, a multi-modal logistic park of Rs 327 crore will be developed by the Nagpur-based company at the dry port, an official said."This is a major boost for local businesses and the Marathwada region," Jalna Steel Association president Ghanshyam Goyal said.
Time of India
3 days ago
- Time of India
Nagpur woman repatriated by Pak could be arrested
Nagpur's Sunita Jamgade at a police station in Attari. NAGPUR/AMRITSAR: A Nagpur-based woman who had crossed the Line of Control (LoC) at Kargil earlier this month and was repatriated later, is being escorted back to the city by a four-member police team, including two women constables. However, her reunion with family may be delayed as authorities plan to investigate her potential involvement in espionage and may even arrest her. Sunita Bholeshwar Jamgade (43) had gone missing from Hunderman village near LoC in Kargil on May 14, leaving her 14-year-old son in a hotel. She was arrested in Pakistan and was handed over to BSF during a flag meeting at the Attari-Wagah border crossing point on May 23. On Tuesday, she was handed over to the Nagpur police team. Prior to that, Amritsar rural police registered a zero FIR against her under the Official Secrets Act, which relates to espionage, and transferred the case to their Nagpur counterparts. According to SHO Amandeep Singh of Gharinda police station in Amritsar, Sunita was in contact with two people in Pakistan and had crossed the border with the intention of meeting them.
Time of India
6 days ago
- Business
- Time of India
MECL hunts lithium in Argentina, Australia to secure EV future
With lithium emerging as a critical mineral resource due to the electric vehicle surge, Nagpur-based public sector undertaking (PSU) Mineral Exploration and Consultancy Limited ( MECL ) is eyeing its deposits in Argentina and Australia. Formed in 1972, MECL is engaged in the exploration and establishment of a whole gamut of mineral reserves across the country. The PSU is now stepping out of the country looking for lithium, which has minimal deposits in India but is abundantly found in Latin America. The three countries - Argentina, Chile, and Bolivia - are known as the world's lithium triangle . The silverish white metal is in demand these days as it is an important component for making the batteries of electric vehicles. The MECL move comes at a time when China has begun searching for lithium in these countries, said sources. There was a time when mining companies considered lithium to be the least important mineral. "Our company is already carrying out exploration in an area of over 15,000 hectares in Argentina through Khanij Bidesh India Limited (KABIL), a joint venture of three PSUs. These include Hindustan Copper Limited (HCL), National Aluminium Company (NALCO), and MECL. The first phase of exploration is at an advanced stage," said MECL's chairman-cum-managing director Indra Narayan Dev. Apart from this, MECL is also looking forward to taking up exploration on an individual basis. MECL has signed a memorandum of understanding (MoU) with Argentina's province of Catamarca, which is rich in lithium, this financial year. It is also in talks with another provincial govt in Argentina for signing a similar MoU, Dev said. As MECL eyes taking up two additional exploration assignments in Argentina, the company is also exploring similar possibilities in Australia, said Dev. Lithium is found in groundwater reserves in Argentina and can be extracted through the brine process. Lithium extracted through brine is much preferred over the metal in solid form. The process is akin to drying seawater to get salt. A private company has bagged a lithium block in Chhattisgarh, where the deposits are found in solid form, said a source. Dev said once the reserves are established, India would be able to get an assured source of lithium. For its solo exploration ventures, MECL is considering various models of exploitation of the mineral so that India gets a share in the offtake, said the officer.
Time of India
6 days ago
- Business
- Time of India
ED raids jeweller, businessman in city in connection with Raipur case
Nagpur: The Enforcement Directorate (ED) on Friday conducted searches at four locations in the city, including the retail outlet of a jeweller in Itwari and the premises of a local businessman. The day-long operation concluded without any arrests. Sources said the searches were linked to findings made during an ongoing ED investigation in Raipur. Officials from both Raipur and Nagpur units of the agency were involved in the operation. The jeweller whose premises were searched had earlier figured in a gold smuggling case last year, in which the Directorate of Revenue Intelligence (DRI) had seized a significant quantity of gold being transported by train. The ED is also reportedly probing a possible hawala angle in the case. The businessman whose premises were also raided is under scanner for alleged tax evasion. His name surfaced during a previous Income Tax department raid on another Nagpur-based businessman. The tax assessment related to that case is still underway. The ED's action sent ripples across the city's business circles, triggering a wave of speculation. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
Time of India
6 days ago
- Business
- Time of India
EVs demand rise, MECL explores lithium opportunities in Argentina and Australia
Nagpur: With lithium emerging as a critical mineral resource due to the electric vehicle surge, Nagpur-based public sector undertaking (PSU) Mineral Exploration and Consultancy Limited (MECL) is eyeing its deposits in Argentina and Australia. Tired of too many ads? go ad free now Formed in 1972, MECL is engaged in the exploration and establishment of a whole gamut of mineral reserves across the country. The PSU is now stepping out of the country looking for lithium, which has minimal deposits in India but is abundantly found in Latin America. The three countries — Argentina, Chile, and Bolivia — are known as the world's lithium triangle. The silverish white metal is in demand these days as it is an important component for making the batteries of electric vehicles. The MECL move comes at a time when China has begun searching for lithium in these countries, said sources. There was a time when mining companies considered lithium to be the least important mineral. "Our company is already carrying out exploration in an area of over 15,000 hectares in Argentina through Khanij Bidesh India Limited (KABIL), a joint venture of three PSUs. These include Hindustan Copper Limited (HCL), National Aluminium Company (NALCO), and MECL. The first phase of exploration is at an advanced stage," said MECL's chairman-cum-managing director Indra Narayan Dev. Apart from this, MECL is also looking forward to taking up exploration on an individual basis. MECL has signed a memorandum of understanding (MoU) with Argentina's province of Catamarca, which is rich in lithium, this financial year. It is also in talks with another provincial govt in Argentina for signing a similar MoU, Dev said. Tired of too many ads? go ad free now As MECL eyes taking up two additional exploration assignments in Argentina, the company is also exploring similar possibilities in Australia, said Dev. Lithium is found in groundwater reserves in Argentina and can be extracted through the brine process. Lithium extracted through brine is much preferred over the metal in solid form. The process is akin to drying seawater to get salt. A private company has bagged a lithium block in Chhattisgarh, where the deposits are found in solid form, said a source. Dev said once the reserves are established, India would be able to get an assured source of lithium. For its solo exploration ventures, MECL is considering various models of exploitation of the mineral so that India gets a share in the offtake, said the officer.
