Top Indian Metal & Energy Industry News & Updates - 25 May 2023,Thursday

Govt. Policy / Industry

📝  India-Aus set up task force on green hydrogen; Modi-Albanese discuss ties
📝  Govt extends last date to submit bids under 7th tranche of coal auctions
📝  India to become major exporter of green hydrogen in 15 years: Puri
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Iron & Steel

📝  NMDC Q4 net profit grows 22% to Rs 2,277 crore
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Aluminium & Copper

📝  Hindalco lines up Rs 10,000 crore capex for FY24, FY25
📝  Hindalco Q4FY23 profit down 37.4% on-year at Rs 2,411 crore as sales stagnate, dividend announced
📝  Sterlite Copper to source 16 MW hybrid renewable power from Serentica Renewables
📝  Lower sales at Novelis expected to impact Hindalco numbers
📝  Hindalco net profit falls 37% to Rs 2,411 crore in Q4
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Gold / Silver & Bullion

📝  Organised jewellery likely to witness 12-15% growth in revenue in FY24, says ICRA
📝  Gold climbs Rs 250; silver advances Rs 540
📝  Tanishq to use exchange programme to grow jewellery business
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Other Metals

📝  Hindustan Zinc’s bid to acquire Vedanta’s overseas mines falls through
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Oil & Gas / OMCs

📝  BSES Rajdhani partners with Sheru to launch India's first Vehicle-to-Grid Station
📝  Nayara Energy exports dip, just 0.07 mn tonne diesel flows to Europe in FY23
📝  Oil India Q4 Results: Net profit rises 10% YoY to Rs 1,788 crore on high oil prices
📝  State to pay INR 2,500 more over escalated Pachpadra refinery cost
📝  Castrol India forays into auto care products
📝  BHU working on biomethanization of coal for a green fuel alternative
📝  Oil prices rise USD 1 on concerns over tightening supply
📝  GRMs of state-run refineries double on higher oil demand
📝  Growing energy consumption tells a good story: Hardeep Singh Puri
📝  NDMC to sign MoU with PSUs for e-charging stns
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Coal / Mining

📝  Anil Agarwal’s debt-cut blitz turns heat on Vedanta units
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Power

📝  Torrent Power awards 300 MW wind power project to Suzlon
📝  Adani Green to seek board nod to raise up to $1 billion
📝  PFC has restructured and refinanced Rs 10,150 crore of JSW energy loans: Official
📝  Hitachi Energy Q4 profit dips 1.68 pc to Rs 51 cr
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Renewable Energy

📝  Suzlon Energy's shares spike after winning 300 MW wind energy project from Torrent Power
📝  JSW Energy looks to close CY24 with 9.8 GW capacity
📝  Suzlon in talks with Deutsche Bank to raise $350 million
📝  Renewables driven power generation isn’t a bright idea
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Nuclear Energy

📝  Rosatom ships key component for Kudankulam Nuclear power plant
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International

📝  New Pemex oil refinery to again miss production launch
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Economy

📝  Rupee rises 15 paise to close at 82.70 against US dollar
📝  Stock markets halt three-day gaining streak on weak global trends
📝  India's forex reserves at comfortable position to meet any requirements: Piyush Goyal
📝  India's forex reserves at comfortable position to meet any requirements: Piyush Goyal
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