Top Indian Metal & Energy Industry News & Updates - 09 May 2023,Tuesday
Govt. Policy / Industry
📝 Increasing compressed biogas share in total gas mix can reduce annual import bill by USD 25 bn by 2030: IBA
📝 Odisha govt approves 11 projects worth Rs 2,840.73 crore
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Iron & Steel
📝 Top govt officials, steel industry players to meet on Tuesday to discuss EU carbon tax issue
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Gold / Silver & Bullion
📝 Goal is to expand into countries such as the UK, Australia, Canada, Turkey, Bangladesh: Malabar Group chairman
📝 Gold climbs Rs 150; silver declines Rs 120
📝 Silver ETFs' asset base touches Rs 1,800 cr
📝 Bullion prices expected to correct from current level; Gold resistance placed at Rs 61300-61830
📝 Malabar Gold & Diamonds opens biggest jewellery showroom in Kozhikode
📝 RBI's gold reserves rise to 794.64 tonne at March-end 2023
📝 Time to add glitter to your portfolio as gold prices soar
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Oil & Gas / OMCs
📝 India's April fuel demand drops over 10% from March'23
📝 Essar Oil and Gas to invest in microbial eCBM tech to boost coal bed methane output
📝 Energy PSUs eye 38,000 tonnes per annum green hydrogen capacity
📝 NLC India board approves raising up to Rs 5,000 crore via bonds
📝 Essar firm invests in tech to boost coal bed methane production
📝 As CNG and EVs expand in cities, fuel retailers look at the rural market
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Opec
📝 Buyers recalibrate oil import plans in wake of surprise OPEC+ supply cut
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Coal / Mining
📝 Coal India's Q4 profit falls 17% on higher provisions for wage hike
📝 Coal imports surge to 162 MT in FY23; inbound coking coal shipment grows to 54 MT
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Power
📝 CG Power more than doubles PAT at Rs 240 crore in March ’23 quarter
📝 Kalpataru Power Q4 Results: Net profit up nearly 22% at Rs 140 crore
📝 PFC scraps three-year floating rate bond sale
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Economy
📝 Sensex, Nifty rebound over 1% amid rally in global markets
📝 Rupee falls 2 paise to close at 81.80 against U.S. dollar
📝 Rupee rises 8 paise to 81.70 against US dollar
📝 Markets rebound in early trade amid foreign fund inflows, rally in U.S. equities
📝 Sensex jumps over 700 points to year’s highest level of 61,764
📝 Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM in FSDC meeting
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