•
Steel Prices Rise to Four Year High on Strong Demand
Domestic steel prices have reached a four-year high due to expensive coking coal and stronger post-monsoon demand. According to BigMint data, hot-rolled coil and cold-rolled coil are trading at Rs. 64,000 and Rs. 75,000 per tonne, respectively. Since 1st August, their prices have risen by Rs. 6,000 and Rs. 8,500 per tonne, with further increases expected.
•
Adani Power Godda Won GreenTech CSR India Award 2026
Adani Power Limited, Godda, has received the GreenTech CSR India Award 2026 for its work in education promotion. The company was recognised for initiatives including strengthening nine Kasturba Gandhi Balika Vidyalayas with smart classrooms, RO systems, improved facilities and infrastructure. Its Project Udaan also supports education and career guidance. The award ceremony was held in Jodhpur on 11th September 2026.
•
Bank Strike to Disrupt Branch Services for Five Days
Banks are set for a three day nationwide strike from 28th to 30th September after talks between bank unions, the Central Labour Commissioner and the Department of Financial Services failed. With 26th and 27th September being the fourth Saturday and Sunday, branch services could remain affected for five days. Cash transactions, cheque clearing and other counter services may be disrupted, while digital banking is expected to continue.
•
Jharkhand Contributes 3.6% of India’s Mineral Production
A NITI Aayog report on India’s non-coal mineral sector said Jharkhand contributes 3.6% of the country’s total mineral production, led by bauxite, iron ore, copper and graphite. Odisha accounts for the largest share at 38.4%. The report highlighted delays in environmental clearances, land acquisition and starting auctioned blocks, and suggested faster approvals and improved auction processes.
•
India’s First Mineral Exchange May Start Operations Next Financial Year
India’s first mineral exchange is expected to be registered and become operational by the next financial year. Mines Ministry Additional Secretary Veena Kumari Dermal said the registration process is currently underway. She shared the update while addressing the 60th annual general meeting of the Federation of Indian Mineral Industries, signalling a new platform for the country’s mineral sector.
•
Jharkhand Govt. Plans Supreme Court Challenge to Mineral Bill
The Jharkhand Government plans to challenge the Centre’s mineral amendment bill in the Supreme Court. The Mines Department has sent the file to Chief Minister for final approval after obtaining legal opinion. The government argues the amendment could deny Jharkhand around Rs.14000 crore in revenue, affecting development projects and undermining its mineral cess collection rights.
•
Tata Sons Chairman’s Third Term Proposal May Face Legal Challenge
Tata Trusts is considering legal options over Tata Sons’ proposal to give chairman N. Chandrasekaran a third five-year term after February 2027. The board approved the proposal 4-1, with Noel Tata opposing it and Venu Srinivasan supporting it. Tata Trusts argues that both trust nominated directors’ consent was required under the company’s Articles of Association for the proposal.
•
CITU Plans Workers’ Gathering in Delhi Against Labour Codes
CITU has decided to mobilise workers for a major gathering in Delhi from 1st to 3rd December 2026 to oppose the four labour codes. Speaking at the union’s Jharkhand state committee meeting, national vice president Tapan Sen said workers would organise against concerns over working hours, privatisation, contract labour and rising prices. Representatives from coal, steel, power, construction and other sectors attended.
•
Coal India to Spend 80% of CSR Budget in Mining Affected Areas
Coal India’s CSR spending framework will focus more on measurable outcomes and local needs. Under the new structure prepared by the Indian Institute of Corporate Affairs, 80% of CSR funds must be spent in mining-affected areas on infrastructure, health, education, livelihoods and community development. Spending on one type of project will also be capped at 40% of the annual CSR budget.
•
CISF Taken Charge of Security at Magadh and Amrapali Coal Projects
CISF has taken over security at CCL’s Magadh and Amrapali coal projects in Chatra to curb large scale coal theft. Around 200 personnel have been deployed initially, with the strength planned to rise to 1700. The force will monitor mines, villages, forests and highways, supported by drones, GPS vehicle tracking and integrated command centre surveillance to prevent illegal coal movement.
•
Jharkhand Finance Minister Raises Revenue Concerns at Delhi Conference
Jharkhand Finance Minister Radha Krishna Kishore sought restoration of the state’s power to levy mining cess, compensation for GST-related revenue losses and a 90:10 Centre-State funding ratio under the G-RAM-G scheme. He said policy changes could potentially impact Jharkhand’s economy by 20,000-22,000 crore. Kishore also stressed greater financial support for weaker states to support balanced development.
•
Rakesh Kumar Taken Charge as Magadh Coal Project Officer
Rakesh Kumar has taken charge as the 17th Project Officer of CCL’s Magadh coal project, replacing Sudhir Sinha, who has been transferred to the B&K area as GM Operations. Kumar, previously a manager in the Ashoka area, faces the challenge of improving declining coal production. The project has seen two officer transfers within five months amid falling output.