Top Indian Metal & Energy Industry News & Updates - 04 May 2023,Thursday

Govt. Policy / Industry

📝  Government approves Rs 687 cr for upgradation of power distribution infrastructure in Ladakh
📝  Coal Ministry sets Rs 50,000 crore asset monetisation target for FY24
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Iron & Steel

📝  JSW Steel USA Ohio to invest USD 145 mn to upgrade operations
📝  Tata Steel will be forced to shut UK unit without adequate funding support from govt: TV Narendran
📝  Status quo is not an option for Tata Steel UK: MD, TV Narendran
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Gold / Silver & Bullion

📝  Gold rallies Rs 670; silver zooms Rs 1,150
📝  Titan shines in Q4, profit zooms 50%
📝  Manappuram Finance shares plunge 12%
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Other Metals

📝  Go-ahead for sale of RINL’s forged wheel unit
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Oil & Gas / OMCs

📝  Petronet LNG profit falls 18% YoY to Rs 614 crore in Jan-Mar quarter
📝  High LNG prices pulls down Petronet LNG’s Q4 & FY23 net profit
📝  Indian Oil Rs 1000-crore plan to make green Jet fuel as global supplies run short
📝  India eyes sugarcane model to raise maize output to meet 20% ethanol blending target
📝  Adani Total Gas auditor mentioned in Hindenburg report, resigns
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Coal / Mining

📝  Coal India output rises 7.7% in April
📝  Govt aims one billion tonne coal output in FY24 under Action Plan
📝  India's coal production rises 22.6 pc in 5 years to 893.08 MT in FY23
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Power

📝  Reliance Power posts Rs 322 crore net profit in March quarter
📝  NTPC’s total installed capacity rises to 72,304 MW
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Renewable Energy

📝  Suzlon Energy announces early redemption of FCCBs worth $35,931,200
📝  Solar Ladder raises Rs 11 crore in seed funding
📝  Govt to offer a year’s extension to select solar, wind power projects
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International

📝  Copper mine flashes warning of ‘Huge Crisis’ for world supply
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