From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Centre earmarks ₹2,814 crore to boost lithium, nickel processing
What's behind this
The Union Cabinet is set to discuss capital expenditure support for critical mineral processing and VGF for renewable‑energy grid‑scale storage systems. The Hindu reported that the potential scheme could provide about 30% support for setting up processing plants. The Economic Times said the Cabinet has approved a ₹2,814‑crore capital‑expenditure support scheme for critical mineral processing, to be implemented over five years from FY 2026‑27 to FY 2030‑31. Earlier related coverage noted approvals of a 92 GWh energy‑storage scheme and a ₹14,500‑crore scheme to add 92 GWh capacity.
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In a social media post, Union Coal and Mines Minister G. Kishan Reddy stated the scheme would help strengthen domestic capabilities, boost manufacturing and reduce dependence on imports.
RSS excerpt
In a social media post, Union Coal and Mines Minister G. Kishan Reddy stated the scheme would help strengthen domestic capabilities, boost manufacturing and reduce dependence on imports.
