Govt. Policy / Industry

📝  India eyes refill of strategic oil stockpiles as US replenishes
📝  Government plans to 'float' offshore oil blocks-cum-wind farms
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Iron & Steel

📝  Facor Alloys net profit slumps 68%
📝  SAIL seeks imposition of countervailing duties on low-priced Chinese stainless steel imports
📝  Jindal Stainless eyes 20% sales growth from rail projects, higher exports: MD
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Gold / Silver & Bullion

📝  Gold declines Rs 480; silver plunges Rs 530
📝  Kalyan Jewellers to attempt franchise model in southern market
📝  Gold Price Today, 18 May: Gold, Silver trade lower; Gold support placed at Rs 59750/59580 levels
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Oil & Gas / OMCs

📝  Lower gas prices to push up India's FY24 gas demand by 7%: GAIL Chair
📝  GAIL (India) plans ₹10,000 cr capex for FY 2023-24
📝  GAIL shuts Ratnagiri LNG terminal till September, cuts imports: Sources
📝  Assam's Numaligarh Refinery signs MoU with Hyderabad-based T-Hub
📝  Former Russian unit resumes regular LNG supplies to India; 6 US cos offer stake to GAIL
📝  BPCL plots Rs 49,000 crore CAPEX to be future-ready
📝  GAIL likely to report better earnings in Q4 FY23
📝  GAIL Q4FY23 Results: Profit slumps 81.5% on-year to Rs 642.74 cr on higher expenses, misses estimates
📝  India to import 9 mn barrel of oil for its strategic reserve
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Coal / Mining

📝  India's coal production grows 8.5 pc to 73 MT in April; despatch rise 11.66 pc to 80.35 MT: Coal Ministry
📝  Vedanta board meets Monday to ok FY24's first interim dividend
📝  Vedanta Group in talks to raise at least $500 million
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Power

📝  REC plans to increase loan book by two-fold to Rs 10 lakh crore by 2030
📝  SKS Power's lenders to seek more time to seal resolution
📝  Peak power demand climbs to fresh record
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Renewable Energy

📝  Oriana Power commissions 2.7 MW solar project at IOCL refinery in Haryana
📝  Devika Chadha of ReNew power joins Sunsure Energy as General Counsel
📝  Sterling Powergensys net loss narrows to ₹11.95 lakh in Q4
📝  Vedanta Resources Ltd taps global banks for $500-600 million loan
📝  Centre offers subsidy to make ships that deploy offshore wind projects and subsea cables
📝  ‘ISA trying to build payment guarantee, insurance fund’
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Economy

📝  Rupee falls 25 paise to close at 82.62 against US dollar
📝  S&P retains India credit rating; expects sound fundamentals to underpin growth
📝  Markets give up intra-day gains; fall for 3rd day
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