Lloyds' Surjagarh mine set to be the first ‘green mine' of India
SIOM has already achieved a remarkable reduction of 32,000 tonnes of CO₂ emissions annually. Once the company transitions to renewable energy, this figure is projected to increase to approximately 50,000 tonnes per year. This progress stems from innovation, the use of green technology across mining processes — from drilling to dispatch — and LMEL's firm commitment to decarbonisation.
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LMEL's decarbonisation efforts at the Surjagarh mine cover every stage of the mining operation, including drilling, loading, hauling, and logistics. 'Our core philosophy revolves around adopting green technologies, improving efficiency, fostering innovation, and engaging both employees and the local community, all in pursuit of 'green steel' production. This aligns perfectly with India's 'Net Zero' commitment,' observed B. Prabhakaran, Managing Director of LMEL.
LMEL reiterates its commitment to the global goal of securing a 'green future for all' while striking a balance between development and sustainability.
Growing fleet of green vehicles
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The unparalleled initiatives in iron ore mining include a growing fleet of green vehicles (from 34 to 56 Bharat Electric Vehicles), which significantly reduce air pollution and greenhouse gas emissions, leading to improved public health, lower healthcare costs, and a decrease in India's reliance on fuel imports. In 2025-26, LMEL is poised to become the first mine in India to achieve the milestone of having more than 100 electric vehicles.
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At Surjagarh Iron Ore Mine, seven excavators have been deployed, fulfilling 100% loading capacity for primary mining. All loading equipment will eventually be fully electric-powered. These green operations will lead to lower and more stable energy costs and create new jobs in related sectors.
LMEL develops the world's first electric compressor excavator-mounted drill
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A significant achievement at the Surjagarh mine is the complete transition to diesel-free drilling through the adoption of electric-powered compressors. LMEL has developed the world's first electric compressor excavator mounted drill, which has eliminated substantial high-speed diesel consumption.
LMEL has demonstrated a strong commitment to sustainability by developing an indigenous in-house technology to convert diesel excavators into electric-powered ones. These repurposed machines have undergone rigorous testing and have shown promising results, leading the company to expand this initiative to other models, incorporating enhanced safety features and aiming for prolonged equipment life and better productivity.
Plans afoot for LNG ecosystem in Gadchiroli district
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Surjagarh is poised to become the largest green fleet mining operation in the country, with its own electric vehicle charging station. Battery electric loaders are used for secondary loading, and the company has also introduced battery electric light motor vehicles and a BEV motor grader. For ore transport, LNG prime movers for tip-trailers have been adopted, with plans to develop an LNG ecosystem in Gadchiroli district.
In keeping with its commitment to renewable energy, LMEL has signed MoUs with green (solar and wind) energy suppliers to replace grid power. The supplies are expected to commence in the second quarter of financial year 2025. .
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Time of India
25-07-2025
- Time of India
‘Vidarbha may emerge as steel hub for Asia in coming decade'
Nagpur: Vidarbha may emerge as a steel hub not only for India but for the entire Asia in the coming decade, said PN Sharma, controller general of the Indian Bureau of Mines (IBM). The IBM, headquartered in Nagpur, is the apex regulatory agency for the mining sector, with a mandate to approve mine plans and monitor the operations of mines, excluding those for coal and petroleum. Sharma was optimistic about the recent push for iron ore mining in Gadchiroli, which he said would eventually create an ecosystem conducive to the steel industry, attracting a variety of players. He was speaking at a seminar titled 'Indian Mining: Present Scenario and Future Perspective' on Friday. Speaking to TOI on the sidelines of the event, Sharma said that once the iron ore reserves in Gadchiroli are fully established, as much as 40% of the country's supply could come from the district. He also lauded the efforts of Lloyds Metals and Energy Limited (LMEL), which operates a 25 million tonnes per annum (MTPA) capacity mine in Gadchiroli, for its bold initiative in taking up beneficiation of banded hematite quartzite (BHQ). "BHQ is the lowest grade of iron ore found in mines. With only 32% iron content, it was generally written off by mining companies as waste. However, LMEL has undertaken beneficiation, raising its iron realisation to 65%. Now, a host of other players are expected to follow suit," Sharma said. Pankaj Kulshrestha, chief controller of mines at IBM, also addressed the seminar and expressed concern over the slow pace of mine development in the country. "Out of 500 mine blocks auctioned across the country, only around 60 have become operational. The delay is due to multiple issues, including land acquisition. Exploration of additional reserves also remains a challenge. Proven deposits may eventually deplete, so sustained exploration is critical to maintaining future supply," he said. Kulshrestha also emphasised the importance of balancing development with environmental sustainability. He noted that most of India's mineral reserves are located in dense forests of tribal areas, posing significant challenges for the industry. "Nonetheless, a fine balance must be maintained," he added.
Economic Times
24-07-2025
- Economic Times
Looking for a low-risk way to grow idle funds? Arbitrage funds might be your smartest move
Advertorial ET Spotlight Every rupee sitting idly in a low interest account loses its edge, especially when inflation and taxes nibble away at potential returns. Keeping your money safe often means letting it pass up on significant gains. Sure, it is not at risk, but it is also not growing in any meaningful way. So what is the alternative when you want your money to remain accessible, but also work a bit harder? The price gap hack: Where smart money moves In the typical Indian household, ' get an FD [fixed deposit], it's safe ' is the standard chant to new investors, and sure, putting ₹1 lakh in a fixed deposit does feel reassuring. But once the initial comfort fades, the reality sinks in: it is barely earning anything! After taxes and inflation, FD returns are meagre. This is where arbitrage funds offer a smarter alternative, a low-risk way to keep your money accessible while capturing gains by buying in one market and selling in another at a slightly higher price. In the stock market, arbitrage funds exploit price differences between two segments: The cash (spot) market , where stocks are bought and sold for immediate delivery at current prices , where stocks are bought and sold for immediate delivery at current prices The futures market, where stocks are bought or sold at a pre-agreed price for delivery at a future date. For example, if a stock is trading at ₹100 in the spot market and ₹105 in the futures market, an arbitrage fund buys it at ₹100 and simultaneously sells it at ₹105, locking in a ₹5 profit per share. There is no guesswork or market prediction involved, just a steady gain from the price gap. Still confused? Think of a friend who buys a smartwatch at a warehouse sale for ₹2,500 and sells it online for ₹2,800, pocketing ₹300 with no risk. Arbitrage funds follow the same logic, and according to data from AMFI (Association of Mutual Funds in India)1, they have often delivered better post-tax returns than savings accounts and short-term FDs, especially for investors in higher tax brackets. Why Axis Arbitrage fund could be your smart parking spot Got some extra cash from a bonus, tax refund, or just a few months of savings you won't need right away? Letting it sit idle can feel safe, but it is also a missed opportunity. That's where Axis Arbitrage Fund steps in, offering a steady, low-risk way to keep your money active while staying why it works: Captures price spreads, not market swings: Instead of guessing where the market is headed, it locks in small gains from price differences between the cash and futures markets. Instead of guessing where the market is headed, it locks in small gains from price differences between the cash and futures markets. Low-risk, short-term solution: The fund uses fully-hedged positions, meaning market volatility has minimal impact, making it ideal for surplus cash you may need in 3–12 months. The fund uses fully-hedged positions, meaning market volatility has minimal impact, making it ideal for surplus cash you may need in 3–12 months. Tax-smart structure: As an equity-oriented fund, it enjoys favourable tax treatment. Gains up to ₹1.25 lakh per year are exempt, and you could save up to 33% in taxes versus short-term debt funds or FDs. As an equity-oriented fund, it enjoys favourable tax treatment. Gains up to ₹1.25 lakh per year are exempt, and you could save up to 33% in taxes versus short-term debt funds or FDs. Built for calm, not chaos: With part of the fund parked in secure instruments like treasury bills and deposits, your investment stays balanced, with equity-style potential and debt-like stability. If you are setting aside ₹50,000 for a holiday later this year or holding on to a freelance payment for a few months, this fund lets your money do a little more in the meantime, without taking on big risks. Who is it ideal for? Arbitrage funds are great for people who want their short-term money to do a bit more without locking it away or exposing it to market ups and downs. They are especially suited for those in the 20–30% tax bracket, or anyone with money that's not needed for the next 3–12 months — like a bonus, freelance payout, or cash in between big expenses. Ask yourself: Is your annual income above ₹20 lakhs? Are you looking for a short-term, low-risk home for surplus money? Do you value liquidity and tax efficiency over high-risk, high-return bets? If your answer to these is yes, Axis Arbitrage Fund could be a strong fit. It combines structured, low-risk gains from market price gaps with the calm of stable debt instruments, helping you grow your money quietly without the not, don't worry. There are other smart options. If you want a broader mix, a Multi Asset Allocation Fund or Balanced Advantage Fund might suit you better. For pure debt exposure, you could consider an Ultra Short-Term or Short-Term Debt Fund. Let your money work safely and smartly Not every investment needs to be bold to be effective. Sometimes, the smartest strategy is quiet, steady, and built on capturing small, consistent opportunities. That's exactly what arbitrage funds do, turning market price gaps and stable debt instruments into a low-risk way to keep your idle money in motion. If you are exploring such a strategy, funds like Axis Arbitrage Fund offer a structured, tax-efficient option that balances access, safety, and short-term growth, without the stress of timing the market. References - Disclaimer - Mutual fund investments are subject to market risks, read all scheme related documents Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual fund investments are subject to market risks, read all scheme related documents carefully. (This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@ N.R. 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Time of India
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Looking for a low-risk way to grow idle funds? Arbitrage funds might be your smartest move
The cash (spot) market , where stocks are bought and sold for immediate delivery at current prices , where stocks are bought and sold for immediate delivery at current prices The futures market, where stocks are bought or sold at a pre-agreed price for delivery at a future date. Academy Empower your mind, elevate your skills Captures price spreads, not market swings: Instead of guessing where the market is headed, it locks in small gains from price differences between the cash and futures markets. Instead of guessing where the market is headed, it locks in small gains from price differences between the cash and futures markets. Low-risk, short-term solution: The fund uses fully-hedged positions, meaning market volatility has minimal impact, making it ideal for surplus cash you may need in 3–12 months. The fund uses fully-hedged positions, meaning market volatility has minimal impact, making it ideal for surplus cash you may need in 3–12 months. Tax-smart structure: As an equity-oriented fund, it enjoys favourable tax treatment. Gains up to ₹1.25 lakh per year are exempt, and you could save up to 33% in taxes versus short-term debt funds or FDs. As an equity-oriented fund, it enjoys favourable tax treatment. Gains up to ₹1.25 lakh per year are exempt, and you could save up to 33% in taxes versus short-term debt funds or FDs. Built for calm, not chaos: With part of the fund parked in secure instruments like treasury bills and deposits, your investment stays balanced, with equity-style potential and debt-like stability. Is your annual income above ₹20 lakhs? Are you looking for a short-term, low-risk home for surplus money? Do you value liquidity and tax efficiency over high-risk, high-return bets? ET Spotlight Disclaimer - Mutual fund investments are subject to market risks, read all scheme related documents Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Every rupee sitting idly in a low interest account loses its edge, especially when inflation and taxes nibble away at potential returns. Keeping your money safe often means letting it pass up on significant gains. Sure, it is not at risk, but it is also not growing in any meaningful way. So what is the alternative when you want your money to remain accessible, but also work a bit harder?In the typical Indian household, 'get an FD [fixed deposit], it's safe' is the standard chant to new investors, and sure, putting ₹1 lakh in a fixed deposit does feel reassuring. But once the initial comfort fades, the reality sinks in: it is barely earning anything! After taxes and inflation, FD returns are meagre. This is where arbitrage funds offer a smarter alternative, a low-risk way to keep your money accessible while capturing gains by buying in one market and selling in another at a slightly higher the stock market, arbitrage funds exploit price differences between two segments:For example, if a stock is trading at ₹100 in the spot market and ₹105 in the futures market, an arbitrage fund buys it at ₹100 and simultaneously sells it at ₹105, locking in a ₹5 profit per share. There is no guesswork or market prediction involved, just a steady gain from the price gap. Still confused? Think of a friend who buys a smartwatch at a warehouse sale for ₹2,500 and sells it online for ₹2,800, pocketing ₹300 with no risk. Arbitrage funds follow the same logic, and according to data from AMFI (Association of Mutual Funds in India)1, they have often delivered better post-tax returns than savings accounts and short-term FDs, especially for investors in higher tax some extra cash from a bonus, tax refund, or just a few months of savings you won't need right away? Letting it sit idle can feel safe, but it is also a missed opportunity. That's where Axis Arbitrage Fund steps in, offering a steady, low-risk way to keep your money active while staying why it works:If you are setting aside ₹50,000 for a holiday later this year or holding on to a freelance payment for a few months, this fund lets your money do a little more in the meantime, without taking on big funds are great for people who want their short-term money to do a bit more without locking it away or exposing it to market ups and downs. They are especially suited for those in the 20–30% tax bracket, or anyone with money that's not needed for the next 3–12 months — like a bonus, freelance payout, or cash in between big your answer to these is yes, Axis Arbitrage Fund could be a strong fit. It combines structured, low-risk gains from market price gaps with the calm of stable debt instruments, helping you grow your money quietly without the not, don't worry. There are other smart options. If you want a broader mix, a Multi Asset Allocation Fund or Balanced Advantage Fund might suit you better. For pure debt exposure, you could consider an Ultra Short-Term or Short-Term Debt every investment needs to be bold to be effective. Sometimes, the smartest strategy is quiet, steady, and built on capturing small, consistent opportunities. That's exactly what arbitrage funds do, turning market price gaps and stable debt instruments into a low-risk way to keep your idle money in you are exploring such a strategy, funds like Axis Arbitrage Fund offer a structured, tax-efficient option that balances access, safety, and short-term growth, without the stress of timing the -
