Top Indian Metal & Energy Industry News & Updates - 23 May 2023,Tuesday

Govt. Policy / Industry

📝  Grants, sops in the works for methanol-run ships
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Iron & Steel

📝  JSW Steel and JFE Steel form JV to manufacture CRGO products in India
📝  JSW Steel to shell out Rs 621 crore for NSAIL
📝  JSW Steel to put up ₹9,000 cr pellet plant in Odisha
📝  We see exports to remain in the range of 15% to 20%: Jayant Acharya, JSW Steel
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Gold / Silver & Bullion

📝  Fresh sanctions on Russian diamonds put 1 million jobs at risk
📝  Gold declines Rs 120; silver plunges Rs 500
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Oil & Gas / OMCs

📝  ONGC, Oil India in talks for 50% stake in USD 3.4 bn Kenya oilfield, Chinese firm enters fray
📝  BPCL Q4 Results: Net profit skyrockets 168% YoY to Rs 6,870 cr; revenue rises 8%
📝  OVL gets extension for five projects
📝  Domestic crude oil production falls 4%, natural gas declines 3% in April: Oil ministry data
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Coal / Mining

📝  Vedanta announces first interim dividend of Rs 18 per share for FY24
📝  Coal India concludes wage revision pact with 2.38 lakh non-executive workers; agrees on 25% hike in allowances
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Power

📝  Reliance Power proposes settlement of Rs 1,200 crore to Vidarbha Inds lenders
📝  Adani Power to contest RoC penalty order on related party transactions
📝  Power prices feel the heat on high demand; plants have enough coal
📝  Sebi, RoC to now probe alleged wrongdoings at PTC India Fin
📝  CESC Q4 Results: Firm posts rise in profit as demand for electricity grows
📝  Torrent Power board to consider plan to raise up to Rs 3,000 cr via NCDs
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Renewable Energy

📝  Suzlon bags 204 MW order from Serentica Renewables
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International

📝  Nigeria to commission Dangote refinery, crude supply a concern
📝  Bangladesh struggles to pay for fuel imports as dollar crisis worsens -letters
📝  Nigeria's outgoing president opens major oil plant
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Economy

📝  Rupee falls 18 paise to close at 82.85 against U.S. dollar
📝  India to see downside risks to growth, upside risks to inflation: Finance Ministry
📝  Private consumption, rural demand to drive India's growth in Apr-Jun quarter, highlights RBI bulletin
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