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Mining activities have been proposed in the region since 2005, but local opposition and conflict kept companies at bay. In 2021, Lloyd's Metals and Energy Limited was granted the rights to restart these operations, this time, with Thriveni Earthmovers Pvt. Ltd., an Indian mining operations company. [12]
Dhruv Sawhney, Chairman and Managing Director of Triveni Engineering & Industries at the Horasis Global India Business Meeting 2009. The company was founded on 27 July 1932, and incorporated under the provisions of Companies Act 1956, as The Ganga Sugar Corporation Limited.
But in 2022, Lloyd's Metal and Energy Limited, in a strategic partnership with Thriveni Earthmovers were able to start mining operations in the region. This successful effort was led by Mr. B. Prabhakaran, managing director of the Thriveni group. Over the last few years, 19 more blocks have been opened up and bids invited for the lease.
The mining industry in India is a major economic activity which contributes significantly to the economy of India.The gross domestic product (GDP) contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector, it contributes around 10% to 11%.
The tail waters makes Thodupuzha river, a tributary of the Muvattupuzha river, at Thriveni sangamam which is 1 km from Moolamattom Power Station. Project work on this power station was initiated by Sri. E.U. Philipose, Superintending Engineer, Kerala State Electricity Board in 1964.
Adani Enterprises Limited (AEL) is an Indian multinational publicly listed holding company and a part of Adani Group.It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore.
BEML has manufacturing plants in Kolar Gold Fields, Bangalore, Mysore and Palakkad.It has numerous regional offices throughout the country. KGF unit is the main unit accounting for the manufacture and assembly of a wide array of earth-moving equipment such as bulldozers and excavators.
This plant, the first unit of IREL, was made operational way back in 1952 for processing of monazite, whose capacity was subsequently increased by about three times.Rare Earths Division (RED), Udyogamandal, Aluva is located on the banks of Periyar River in Kerala at a distance of 12 km from the port city of Kochi and 15 km from Kochi International Airport.