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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