Madhya Pradesh Mining Conclave receives 19,650 INR-Crore investment proposals

Riya Fernandes Oct 19, 2024 0

The Madhya Pradesh Mining Conclave on October 17 and 18 drew investment proposals worth an estimated 19,650 INR-Crore from 11 industrial institutions. Among the key highlights, MOIL, a Government of India enterprise, signed a pivotal Joint Venture Agreement with the Madhya Pradesh State Mineral Corporation Ltd. This partnership aims to accelerate mineral block development.

The top 5 prominent investments are as follows:

Sr No.Name of the company Project detailsEstimated investment cost (INR-Crore)
1Invenire Petrodyne LtdCoal bed methane and coal gasification 5,000
2Dalmia CementCement plant3,000
3Ambuja CementCement plant3,000
4JK CementCement plant2,500
5The Commodity HubCopper, rock phosphate, and silicon beneficiation plant2,000

Also read: Kolkata Summit brings 19,270 INR-Crore investment to Madhya Pradesh

In addition to the mentioned investors, companies such as Shri Bajrang Power and Ispat Ltd,Vrij Iron & Steel Ltd, Berry Alloys, Sagar Stone Industries, LiuGong India, and Indian Rare Earths have also committed investments.

The Madhya Pradesh Mining Conclave successfully showcased the state’s potential, attracting large-scale investments across multiple sectors. Furthermore, with these new projects, the region is poised for economic growth and industrial transformation.


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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.

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