Basic Materials

Himadri Speciality Chemical Ltd, based in Kolkata, is planning to expand its speciality carbon black capacity through a brownfield expansion project in West Bengal with an investment of Rs 220 crores. The expansion aims to meet the growing demand in Europe due to an upcoming ban on Russian carbon black imports, increasing the company's capacity and diversifying its product mix.

The price of gold and silver fluctuated in various Indian cities, with the price of 24-carat gold falling in Mumbai and other cities. Meanwhile, international gold prices dipped slightly as the US dollar remained strong, affecting overseas buyers, while investors awaited news on a potential US Federal Reserve interest rate cut.

The Ministry of Mines will host a two-day summit on critical minerals to promote collaboration, knowledge sharing, and innovation in beneficiation and processing. The summit aims to accelerate domestic production of critical raw materials, supporting India's economic growth and sustainability goals.

Anglo American has rejected a $60 billion takeover bid from rival BHP, stating that the offer significantly undervalues the company and its future prospects. The company's chairman, Stuart Chambers, called the proposal "opportunistic" and highlighted Anglo American's focus on its own strategic priorities for growth and value creation.

Navrattan Group, a leading construction company in India, is poised to revolutionize the industry with the introduction of "Green Cement." This innovative product promises to address the growing demand for sustainable building materials while maintaining the performance and durability expected from traditional cement.