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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