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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