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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