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Business Jharkhand Headlines
• Jharkhand Plans to Continue Mineral Cess Collection Amid MMDR Dispute Jharkhand’s revenue enhancement committee has approved continuing mineral cess collection despite the 2026 MMDR Amendment Act restricting states from imposing specified levies on mineral rights and mineral-bearing land. The state government is also considering a Supreme Court challenge. Mineral cess collections reached Rs.4,657 crore by August 2026, against an annual target of Rs.11,000 crore, while proposals are being prepared to raise revenue from minerals entering Jharkhand.
• Jharkhand Cabinet Meeting Scheduled for 7th October The Jharkhand Cabinet will meet on 7th October at Project Bhawan in Ranchi, according to an order issued by the Cabinet Department. The meeting was earlier scheduled for 25th September but was postponed due to the illness of Chief Minister Hemant Soren’s mother. Several important proposals are expected to be considered during the meeting.
• Jharkhand Plans 600 MW Floating Solar Plant at Chandil Dam Jharkhand is moving ahead with a 600 MW floating solar power project at Chandil Dam in Seraikela-Kharsawan under the PM Surya Sarovar scheme. JREDA has completed surveys and started selecting a solar developer for the PPP project. Estimated at Rs.3,500 crore, it will include battery storage, with the Centre expected to provide Rs.600 crore in subsidy support.
• SAIL Employees to Receive Rs. 32,000 Bonus Before Durga Puja SAIL employees, including those at Bokaro Steel Plant, will receive a bonus of Rs.32,000 before Durga Puja, while trainees will get Rs.25,600. The decision was taken at an NJCS meeting in New Delhi, with the amount expected to be credited by 10th October 2026. Trade unions had earlier demanded a bonus of Rs.40,500. All union representatives signed the agreement.
• Coal India Units Asked to Generate Revenue from Scrap Coal India subsidiaries have been asked to identify more than 1,500 locations for cleanliness drives and generate revenue from waste and scrap under Special Campaign 6, running from 2nd to 31st October 2026. The campaign also targets review of nearly 60,000 physical and e-files. Meanwhile, Coal India’s September coal production rose 9.2% year-on-year to 53.5 million tonnes, while dispatch increased 12.5% to 61.2 million tonnes.
• Jharkhand Chamber Met Governor, Seeks Steps to Boost Business and Tourism The Office bearers of the Federation of Jharkhand Chamber of Commerce and Industries met Governor Santosh Kumar Gangwar and submitted suggestions on trade, industry, investment, employment and economic development. Chamber President Tulsi Patel sought a better business environment, review of trade licensing and simpler procedures. The delegation also suggested stronger tourism facilities, permanent tourist police at Baidyanath Dham and expanding the tax base.
• Jharkhand GST Revenue Falls 22.5% in Six Months Jharkhand’s GST revenue collection fell 22.54% to Rs.5,736.25 crore during the first six months of 2026-27, compared with Rs.7,405.22 crore a year earlier. Overall revenue collection declined 13.86% to Rs.9,715.35 crore. Non-GST revenue, however, rose 2.71% to Rs.3,979.10 crore, mainly due to higher VAT collection. By September, the state achieved 40.48% of its annual revenue target.
• Dr Anjani Kumar Appointed WCL Technical Director Dr Anjani Kumar, an alumnus of IIT (ISM) Dhanbad, has been appointed Director (Technical, Projects and Planning) at Western Coalfields Limited (WCL). He studied BTech Mining Engineering at ISM from 1988 to 1992 and later completed a Ph.D in Environmental Science. Kumar began his career with Coal India Limited in April 1993 and has held several positions at BCCL.
• Hindustan Copper Plans 7200 Crore Investment Hindustan Copper Limited plans to invest Rs.7200 crore over four years to nearly triple Copper production capacity from 42 lakh tonnes to 122 lakh tonnes by 2029-30. In Jharkhand, Surda and Kendadih mines have resumed operations, while Rakha is expected to restart by December 2026. Rising production at Ghatsila could also create thousands of direct and indirect jobs.
• Tata Motors Vehicle Sales Rise 42.4% in September Tata Motors reported a 42.4% rise in total vehicle sales to 51,062 units in September 2026 from 35,862 units a year earlier. Domestic commercial vehicle sales increased 31.2% to 43,487 units, while international sales nearly tripled to 7,575. For the September quarter, total sales rose 42.7% to 1,35,114 units, supported by infrastructure, mining, logistics and e-commerce and festive demand.
• Hard Coke Industry Seeks Review of Coal Distribution Policy Hard coke producers at the 93rd annual general meeting of Dhanbad’s Industries and Commerce Association said the existing coal distribution policy is hurting the industry. They opposed supplying valuable coking coal to power plants and criticised e-auctions for raising prices and market uncertainty. Entrepreneurs also sought better roads, electricity, transport infrastructure and coordination between administration and industry to support industrial growth.
• Tata Steel Invests 3,260 Crore in Singapore Subsidiary Tata Steel has invested 3,260 crore in its Singapore based wholly owned subsidiary, T Steel Holdings, to strengthen global operations and support its European business. The investment is part of a $2 billion financial package approved by the board. T Steel Holdings is overseeing debt repayment, financial restructuring and green steel transformation at Tata Steel’s UK and Netherlands operations amid pressure on steel prices.
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