Top Indian Metal & Energy Industry News & Updates - 18 May 2023,Thursday
Govt. Policy / Industry
📝 India's Russian oil buying hits record high, slashes Mideast, Africa share
📝 Government to bring new scheme for distributed renewable energy application: RK Singh
📝 G20 energy transition group backs 'universal access' to green power
📝 Shetron Q4 net profit edges up to ₹1.19 crore
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Iron & Steel
📝 Jindal Stainless standalone net declines 16% in Q4
📝 Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex
📝 JSW Steel declared preferred bidder for iron ore block in Maharashtra
📝 Financial bids for NMDC Steel soon
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Gold / Silver & Bullion
📝 Gold plunges Rs 500; silver declines Rs 450
📝 Blackstone set to buy diamond grading company IGI for up to $550 million
📝 Emerald Jewel Industry picks up stake in Limelight Lab Grown Diamonds
📝 Kalyan Jewellers shines bright with over 68% gain in a year; Brokerages see another 52% upside; here's why
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Oil & Gas / OMCs
📝 India set for LNG deal-making rush in win for Modi’s gas push
📝 BPCL board okays Rs 49,000 cr capex for Bina Refinery
📝 Oil little changed as demand worries spur caution
📝 Borrell urges EU to crack down on imports of Indian fuels made with Russian oil
📝 Sterling Oil admitted for bankruptcy
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Coal / Mining
📝 Vedanta Resources Ltd taps global banks for $500-600 million loan
📝 Why is the rising cost of coal-fired power plants good news for India?
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Power
📝 Peak power demand hits historic high of 220 Gw, may cross that level soon
📝 REC March qtr net profit zooms 31% YoY to Rs 3,001 crore
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Renewable Energy
📝 Suzlon bags 99-MW wind energy project from Vibrant Energy
📝 Solar panel maker Waaree in talks to raise Rs 1,000 crore
📝 JK to push solar energy to cut consumers' electricity bills
📝 LNG deal-making rush on the cards in boost for government’s gas push
📝 India to need 200GW per hour of battery storage by 2030, exploring viability gap funding for offshore wind production
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Nuclear Energy
📝 How net zero renews nuclear power push with small modular reactors
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International
📝 Late backlash delays passage of new EU renewables targets
📝 Renewable fuels to drive Neste's growth this year: CEO
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Economy
📝 Rupee falls 13 paise to close at 82.38 against U.S. dollar
📝 Sensex, Nifty drop for second day on selling in IT, tech shares
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