CURRENT AFFAIRS

Detailed explanation-1: -Manikaran Power Limited, one of the country’s largest power trading and renewable energy company will be investing over Rs 1, 000 crore to set up this refinery. The company are currently exploring a couple of places in Sanand and Dholera to set up this refinery.

Detailed explanation-2: -Manikaran Lithium Private Limited has signed an MoU proposing to set up a high-purity battery-grade lithium production facility in the state, which it said will be the country’s first lithium refinery. IG Drones has signed an MoU to set up a research centre for nano satellites in Ahmedabad.

Detailed explanation-3: -Tata Group has also acquired land in Dholera Special Investment Region (Dholera SIR) near Ahmedabad to set up a Rs 4000 crore Lithium-ion battery plant.

Detailed explanation-4: -The Minister of State for Electronics and Information Technology, Shri Rajeev Chandrasekhar will visit India’s first lithium cell manufacturing facility at Tirupati, Andhra Pradesh, tomorrow. This state-of-the-art facility has been set up by the Chennai based Munoth Industries Limited with an outlay of Rs. 165 crores.

Detailed explanation-5: -The Indian government announced on Thursday, Feb. 10 that 5.9 million tons of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in the provinces of Jammu and Kashmir.