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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