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METROLOGY BUSINESS STRATEGY
Government to look into reinstatement of standardised Vedanta eyes acquisitions and partnerships

edible oil packaging to boost critical minerals portfolio

The Indian Vegetable Oil Producers’ Commodities) Amendment Rules, ling price will take care of the non-stan- Anil Agarwal-promoted Vedanta spearheading copper exploration pro-
Association (IVPA), the body represen- 2021, mandated the declaration of the dard pack offerings. All stakeholders Ltd. is intensifying its focus on critical jects in eastern Maharashtra, utilising
ting India’s edible oil refi ning industry, Unit Sale Price (USP). Subsequently from edible oil sector were of the view minerals through strategic acquisitions – extensive datasets for geological map-
along with other edible oil industry through an amendment, the Legal that the re-introduction of Schedule II both in India and overseas, Mr. Arun ping. “We are tapping into exploration
associations, industry bodies, consumer Metrology (Packaged Commodities) will be an important step to ensure trans- Misra, Executive Director of the com- and processing capabilities within
forums, food processing associations Rules, 2022 omitted Schedule II which parency, restore normalcy in the market, pany was quoted as saying in a Hindu India,” he said.
and legal metrology controllers of all mandated commodities to be packed and protect consumer interest. The govern- BusinessLine report.
states and UTs recently met the Joint in specifi c quantities, thus allowing ment, the association said, has assured Hindustan Zinc is seeking expres-
Secretary, Ministry of Consumer Affairs, the market to be proliferated with non- the stakeholders that it will look into Global partnerships and strategic sion of interest from junior explo-
Food and Public Distribution, on the standardised packaging. The intended the issue that has led to confusion and alliances are being tapped for specifi c rers for exploration and development
reinstating of standardised pack sizes benefi t was to allow producers to pack misleading value perception for the projects like copper mines in Africa producer, Hindustan Zinc. Vedanta is of greenfi eld exploration license and
for edible oils over a virtual call. as they deem it fi t and it was expected consumers. All stakeholders have been or for development of mineral blocks. already planning to restructure operations composite license for Vedanta in India
that soon the markets will settle down asked to submit fi nal recommendations Some global majors have expressed into four entities – aluminium, oil and and overseas. Junior mining companies
The Legal Metrology (Packaged and consumer awareness of unit sel- in this regard. interest in such partnerships too. The gas, power, and iron and steel. A global will conduct fully integrated, end-to-

SOLAR GLASS MANUFACTURING company will spend $20-bn on growth EoI was recently fl oated – with last date end exploration and discover economic
being April 30. Reportedly, several mineral potential for base metals, copper,
projects in metals, mining and hydro-
Borosil Renewables board approves revised expansion carbons in the next three years. These engineering majors have expressed interest gold, nickel-chrome, cobalt, PGEs,
projects are extensions of its existing in partnerships that include construc-
graphite and vanadium for the company.
project operations. tion and supply of 5,000-MW of nuclear Mr. Misra said the company is exploring
power projects in India. “strategic mergers and acquisition
Borosil Renewables said its board ment for fi ve years on the import of the company has proposed enhancing “Nearly 80 percent of India’s mine opportunities globally” to enhance its
has approved a revised expansion plan to solar glass from China and Vietnam, its production capacity. The increase in ral resources remain unexplored – an Mineral blocks in India critical minerals portfolio. “We have
increase solar glass production capacity by effective from December 4, 2024, capacity is expected to result in higher opportunity that positions the country to Vedanta has won critical mineral aligned our portfolio with critical mine-
600-tpd (tonnes per day) at an estimated will establish a level playing fi eld for production volumes and sales,” it said. lead the global critical minerals race,” blocks that include copper, graphite, rals, clean energy, and future tech. We
cost of Rs. 950-crore. The company, which domestic manufacturers. This policy Part of Borosil Group, Borosil Renew- Mr. Misra, also the CEO of Vedanta vanadium, cobalt, manganese, and already operate across nine of the 17
has a production facility at Bharuch in measure is anticipated to foster rapid ables’ manufacturing facility is spread subsidiary and the country’s largest zinc tungsten. The company is actively transition metals,” he said.
Gujarat with a capacity of 1,000-tpd said and signifi cant growth in domestic over more than 100 acres at Bharuch, FOOD & BEVERAGES
the decision has been taken in anticipation solar glass manufacturing, it said. “In with solar glass production and process-
of favourable market conditions post the light of these favourable market condi- ing capacity of 1,000-tpd, equivalent to Symrise opens new technical centre in Bengaluru
government’s anti-dumping measures. tions and anticipated demand growth, 6.5-GW per annum.
Symrise, the German fl avours, fra-
The expansion is being undertaken ACCIDENT grances & nutrition major, has opened
through setting up two furnaces of 300-tpd Fire at Jindal Poly Films’ Nashik plant a new technical centre in Bengaluru
each at an estimated cost of to cater to the needs of the food and
Rs. 950-crore. The original investment Flexible packaging fi lms maker, scrap material was stored, according beverage industry.
envisaged was Rs. 675-crore for 500-tpd. Jindal Poly Films Ltd., informed that to local police offi cials. Nobody was
a fi re broke out at the manufacturing reported to be injured in the incident. “The centre will serve as a colla-
The projects will be fi nanced by plant of its subsidiary, JPFL Films Pvt. Jindal Poly Films stated in a stock ex- borative space for research, development,
using a mix of equity, debt and/or inter- Ltd., located at Mundhegaon in Nashik change fi ling that production in a part and co-creation, enabling Symrise to res-
nal accruals, or through a mix of any district, Maharashtra. of the plant was affected by the fi re. pond better to regional tastes and evolv-
or all of such means of fi nance, as may The cause of the fi re and the damage ing consumer preferences,” the company
be appropriate or decided by the man- The fi re broke out at the plant caused by it will be ascertained later, it said in a social media post. Symrise said
agement. On the rationale behind the located on Nashik-Mumbai highway added. On January 1, 2023, a major fi re the centre will help enhance customer
move, the company said the imposition in Igatpuri taluka at around 1.30 am incident had occurred at the same plant, engagement and deliver tailored solu-
of an anti-dumping duty by the govern- on May 21. It started in a shed where claiming three lives. tions across the dynamic Indian market.

140 Chemical Weekly June 3, 2025 Chemical Weekly June 3, 2025 141

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