Top Indian Metal & Energy Industry News & Updates - 16 May 2023,Tuesday

Govt. Policy / Industry

📝  Govt cut application fee by 80 percent for solar equipment makers, doubles enlisting period under approved list
📝  India committed to just energy transition through international cooperation: official
📝   MNRE announces major reforms to promote domestic production of solar photovoltaic modules
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Aluminium & Copper

📝  Vedanta appoints Sonal Shrivastava as CFO
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Gold / Silver & Bullion

📝  Kalyan Jewellers Q4 Results: Cons revenue jumps 30% YoY to Rs 14,071 crore
📝  Gold prices down despite ease in US CPI; Powell’s speech in focus this week
📝  Gold climbs ₹370; silver zooms ₹750 amid strong global trends
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Oil & Gas / OMCs

📝  HPCL's financial prospects set to brighten up over 12-18 months: Report
📝  $5-billion undersea UAE-Gujarat gas pipeline proposed
📝  Centre slashes windfall tax for domestic crude oil to zero; no duty on export of diesel, petrol, ATF
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Coal / Mining

📝  Vedanta appoints Sonal Shrivastava as Chief Financial Officer from June 1
📝  Harnesing 10% of coal bed methane reserves can cut India's energy import bill by USD 2 bn: Experts
📝  Lower input prices to lift Vedanta's margins this fiscal: CEO Sunil Duggal
📝  Coal-based energy generation may reduce to 30-31 per cent of total need by 2040; govt looking to reduce imports too
📝  Private sector’s response to commercial coal mining encouraging, says coal secretary
📝  Govt focus on developing indigenous capabilities in coal mining sector
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Renewable Energy

📝  Govt amends ALMM norms to boost private sector role in domestic solar PV manufacturing
📝  NTPC to start feasibility study for 130-MW floating solar power plant in Tripura
📝  Adani Green to raise up $700 mn
📝  Calcutta-based electricity tower and pole maker Skipper bets big on green energy
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International

📝  Siemens Energy tones down profit outlook on wind sector challenges
📝  Shandong Nanshan may expand Indonesia site into USD 6 bn aluminium complex
📝  Australian gold miner Newcrest backs Newmont Corp’s $17.8 billion takeover offer
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Economy

📝  Rupee falls 15 paise to close at 82.33 against US dollar
📝  Sensex surges 153 points on the back of strong global cues
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