Business

NMDC R&D Centre and RDCIS, SAIL Sign MoU to Propel Steel Industry Towards 300 Million Tons of Crude Steel by 2030

Published

1 year ago

February 8, 2025

The NMDC R&D Centre and RDCIS, SAIL have entered into a Memorandum of Understanding (MoU) to combine their expertise for the enhancement of the steel industry. The MoU was signed by Jayapal Reddy, Executive Director (RP & RED) at NMDC, and P. Pathak, Chief General Manager of RDCIS, SAIL, in the presence of Vinay Kumar, Director (Technical) at NMDC. This partnership is aimed at fostering innovation in mineral processing and coal utilization, focusing on the development of advanced beneficiation techniques to improve low- and lean-grade iron ore and optimize coal processing efficiency, both essential for fortifying India’s steel sector.

Under this agreement, NMDC R&D Centre and RDCIS, SAIL will collaboratively pursue key initiatives, including the dry beneficiation of iron ore and limestone, enhancing coal flowability to minimize chute jamming, and conducting research on coal carbonization and testing. Additionally, both organizations plan to hold technology awareness programs to facilitate knowledge sharing and promote advancements in the industry.

Highlighting the significance of this collaboration, Vinay Kumar, Director (Technical) at NMDC, remarked, “NMDC is committed to national progress. To achieve the goal of 300 million tons of crude steel production by 2030, it is crucial to effectively utilize low- and lean-grade iron ore to meet the raw material demands. This MoU will be instrumental in turning this vision into a reality.”

As India’s top iron ore producer, NMDC is dedicated to enhancing resource efficiency, streamlining operational processes, and playing a key role in the development of India’s steel industry through this strategic partnership.

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.