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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