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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