Top Indian Metal & Energy Industry News & Updates - 08 May 2023,Monday

Govt. Policy / Industry

📝  Ban diesel four-wheelers in big cities by 2027, says energy transition panel
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Iron & Steel

📝  Status quo in UK can't continue; bound to take decision in next 2 years: Tata Steel CEO
📝  Vedanta repays USD 800 million loan to Standard Chartered Bank
📝  RINL’s April hot metal output hits all-time high with 20% YoY growth
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Gold / Silver & Bullion

📝  Temasek considers investing $100 mn in Indian jeweller BlueStone
📝  Gold imports dip 24% to $35 billion in 2022-23
📝  Silver ETFs' asset base touches Rs 1,800 cr
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Oil & Gas / OMCs

📝  Carbon trading important for promoting green hydrogen: BEE
📝  Fuel retailers take the rural road as EVs, CNG make inroads in urban areas
📝  MSCI to lower free float of two Adani companies
📝  ONGC to pump KG block oil by June, ending 3-yr delay
📝  Oil prices inch up as recession fears begin to fade
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Opec

📝  India’s OPEC oil imports at record low as Russian purchase peaks
📝  Opec share in oil imports falls to 46% from 72% in last April
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Coal / Mining

📝  Coal India consolidated net profit drops 18% at ₹5,528-cr in Q4 FY23 due to higher expenses
📝  Competition law vs Coal Nationalisation Act: CIL seeks immunity citing its standing as PSU
📝  Coal India Ltd likely to register double-digit growth in turnover; profits may be impacted due to wage hike
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Power

📝  Adani Power Q4 net grows marginally on sharp jump in costs
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Renewable Energy

📝  SJVN bags 100 MW solar power project in Rajasthan
📝  JSW Energy, SECI ink pact for 300 MW wind projects
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