Top Indian Metal & Energy Industry News & Updates - 17 May 2023,Wednesday

Govt. Policy / Industry

📝  India plans to challenge EU carbon tax at WTO: Sources
📝  NITI Aayog moots blended financing, green bonds for private investment in small modular reactors
📝  India plans 37GW offshore wind energy power by 2030, to issue bids
📝  Russian energy giant Rosneft seeks joint venture for greenfield refinery project in India: Report
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Iron & Steel

📝  Jindal Steel Q4 Results: Profit plunges 69% YoY to Rs 462 crore
📝  INOX Air Products investing Rs 1,300 cr to set up air separation units at Tata Steel's Dhenkanal plant
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Aluminium & Copper

📝  Aluminium futures: Risk-reward favours longs
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Gold / Silver & Bullion

📝  Gold falls Rs 160; silver declines Rs 175
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Oil & Gas / OMCs

📝  New Jio-bp diesel offers INR 1.1 lakh annual saving for a truck
📝  IOC Q4FY23 profit jumps 54.8% at Rs 10,289.82 crore, revenue at Rs 2.31 lakh crore
📝  Rosneft sends JV feelers to PSU refiners for India unit
📝  Shell wants India to be its 3rd largest lubricant market globally
📝  Crude oil dips on demand worries after unexpected US crude build
📝  Reliance sells diesel at cheaper rates than state retailers
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Coal / Mining

📝  Former coal secretary AK Jain appointed as new PNGRB chairman
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Power

📝  Infosys to help bp to become an integrated energy company
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Renewable Energy

📝  MRF enters into power purchase agreement with First Energy
📝  MRF to acquire 19.10% in First Energy for ₹13 crore, to buy solar power
📝  How India became a frontrunner in the global renewable energy market
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International

📝  EU countries to finalise 42.5% renewable energy target
📝  Investment firm Low Carbon secures USD 391.25 mn for solar projects
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Economy

📝  Rupee rises 10 paise to 82.21 against U.S. dollar on FII inflows
📝  Markets fall after two-day rally; HDFC twins, Reliance drag Sensex over 413 points lower
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