MARCH 20248TOP STORIESINDIA'S MINERAL PRODUCTION SEES 5.9 PERCENT YOY GROWTHIndia's mineral production from mining and quarrying witnessed a notable 5.9 percent year-on-year growth, as the Press Information Bureau (PIB) reported on Wednesday. The surge in production was primarily driven by the robust demand for coal, with the country producing over 99.8 million tonnes of coal during the period.India, the world's second-largest coal consumer, experienced a surge in coal-fired electricity generation in January, reaching record-high levels. This increase in electricity generation was fueled by rising demand for air conditioning, resulting in power generation firms maintaining substantial coal usage and minimal shifts to alternative energy sources.Furthermore, other essential minerals like iron ore, crucial for steel production, also witnessed a significant uptick in sales value, recording a remarkable year-on-year growth of nearly 41 percent. India's iron ore production stood at 25.2 million tonnes during the reported period, reflecting the country's growing steel demand.The PIB release also highlighted substantial growth in the production of minerals such as Magnesite, which is utilized in the production of synthetic rubber, with a growth rate exceeding 90 percent. Similarly, copper concentrate production, essential for refined copper manufacturing, saw a notable increase of over 34 percent.India's refined copper production is projected to reach approximately 555,000 metric tonnes per year in the coming fiscal year. Concurrently, domestic copper consumption is anticipated to surpass 750,000 metric tons, underscoring the nation's ongoing industrial growth and infrastructure development. Tata Motors has reached another milestone in its commitment to sustainable mobility with the inauguration of its fifth Registered Vehicle Scrapping Facility (RVSF) near Delhi, named 'Re.Wi.Re ­ Recycle with Respect.' This cutting-edge facility, inaugurated by Mr. Girish Wagh, Executive Director of Tata Motors, underscores the company's dedication to advancing sustainable initiatives.The facility, developed in partnership with Johar Motors, can safely disassemble 18,000 end-of-life vehicles annually, employing environmentally friendly processes. It is capable of responsibly scrapping passenger and commercial vehicles of all brands. This achievement builds upon the success of Tata Motors' four preceding RVSFs located in Jaipur, Bhubaneshwar, Surat, and Chandigarh.Girish Wagh emphasized Tata Motors' commitment to innovation and sustainability, stating that the launch of the fifth scrapping facility signifies a significant step forward in promoting sustainable practices and responsible vehicle disposal. He highlighted the importance of creating value from scrap, aligning with the vision of building a circular economy and contributing to the government's efforts to promote sustainable automotive practices.Re.Wi.Re. is a state-of-the-art facility designed for dismantling end-of-life passenger and commercial vehicles across all brands, employing environmentally friendly practices. The facility is fully digitalized and equipped with dedicated cell-type and line-type dismantling for commercial and passenger vehicles, respectively. Operations are seamless and paperless, with dedicated stations for the safe dismantling of various components such as tires, batteries, fuel, oils, liquids, and gases. The meticulous documentation and dismantling process ensures maximum attention to detail, guaranteeing the safe disposal of all components in compliance with vehicle scrappage policies.Overall, the Re.Wi.Re. Facility represents a significant leap forward in fostering sustainable practices within the automotive industry, contributing to a cleaner and more sustainable future for all. TATA MOTORS INAUGURATES ITS FIFTH VEHICLE SCRAPPING FACILITY
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