Top Indian Metal & Energy Industry News & Updates - 20 May 2023,Saturday
Govt. Policy / Industry
📝 India eyes nationwide use of 1% sustainable aviation fuel by 2025, says Oil Minister
📝 Investment opportunity of $30 billion in petrochemical sector over next decade: Hardeep Singh Puri
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Iron & Steel
📝 JSW Steel net up 12% on tax write-back
📝 JSW Steel gets board approval to raise up to ₹18,000 crore
📝 JSW Steel to acquire National Steel & Agro Industries
📝 Billionaire Sajjan Jindal led JSW Steel Ltd profit up 12 per cent in fourth quarter
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Gold / Silver & Bullion
📝 Gold declines ₹105; silver climbs ₹255
📝 Malabar Gold & Diamonds becomes first Indian jewellery group to get TRQ license
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Oil & Gas / OMCs
📝 Gail to borrow up to Rs 7,000 crore domestically to fund Rs 10,000 crore capex plan in FY24
📝 Oil prices ease after US oil stock build
📝 Gulf Oil Q4 FY23 PAT at INR 62.17 cr
📝 Gail initiates legal proceedings against Gazprom for non-supply of LNG; files for arbitration in London
📝 Gulf Oil Lubricants rally over 4% on dividend announcement of 1250%
📝 Hyundai, Shell sign MoA to expand charging network for electric vehicles
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Coal / Mining
📝 Anil Agarwal’s Vedanta seeks cash with $500 million bond maturing
📝 India achieves 47 pc growth in coal production in past 9 years
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Power
📝 Power Grid Q4 Results: Cons PAT rises 4% YoY to Rs 4,320 cr, Rs 4.75/share dividend declared
📝 Pumped storage hydro projects get freedom from green scrutiny
📝 NTPC net profit falls over 6% to ₹4,871 cr in March qtr
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Renewable Energy
📝 Suzlon bags 69 MW wind energy order
📝 First Solar’s investment in India: To ship solar modules from October
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Economy
📝 Rupee falls 5 paise to close at 82.67 against U.S. dollar
📝 India's forex reserves soar to $599.53 bln, highest since early June
📝 Sensex snaps 3-day losing run, climbs nearly 300 points
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