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The company's average capacity utilisation was 96% during the month of January 2021.

The group also enjoyed spectacular growth in agriculture which made up 11.7 percent of its revenue and 12.4 percent of after-tax profit.

The group said it shipped about 10,000 tonnes to its partners in Belgium and Spain during January.

The minister said that a sum of Rs 20,000 crore has been provisioned in the Budget to capitalise the DFI.

In the contrary, the mining industry posted a decrease of 6.2 percent.

Russia may tighten restrictions on scrap export

Africa’s minerals sector should “seize the opportunities presented by the global transition towards green energy”, experts noted during a virtual webinar on the future of mining in Africa, post-Covid-19.

The Covid-19 pandemic has created an opportunity for the global mining industry to use available digital technologies to leapfrog productivity gaps, says Bosch mining solutions head Jonas Corali.