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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