Top Indian Metal & Energy Industry News & Updates - 26 May 2023,Friday
Govt. Policy / Industry
📝 Investments in green energy now 70% higher than in fossil fuels: IEA
📝 Government crackdown soon on developers of delayed power projects: R K Singh
📝 Gadkari tells industry to make alternate fuels like bio-CNG and hydrogen available at cost-effective price
📝 Energy security biggest worry in sustaining growth, says CEA
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Iron & Steel
📝 Around 40 MT new steel capacity to be commissioned in India by FY26: Assocham
📝 Indian Steel Association, AISC ink MoU to unlock new avenues in sector
📝 Icra lowers steel price forecasts for FY24 as Chinese exports weigh on market
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Aluminium & Copper
📝 We have guided for a Rs 5000 crore capex in FY24: Satish Pai, Hindalco
📝 Nalco’s highest net profit of Rs 1,544 crore in FY 2022-23
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Gold / Silver & Bullion
📝 Gold loan companies stop issuing ₹2,000 notes
📝 Gold plunges Rs 430; silver down Rs 750
📝 Tanishq to boost sales via gold exchange
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Oil & Gas / OMCs
📝 EOGEPL partners with Sensia for digitalisation of oil, gas field ops
📝 OIL in talks with Tullow for stake in Kenya block
📝 Sensia to help Essar Oil digitalise fields
📝 Oil stable as investors weigh US debt uncertainty, potential OPEC+ cuts
📝 BPCL signs MoU with Speed Force for co-branded 2-wheeler garages
📝 India and China have highest share of market for EV charging stations in Asia Pacific region: Report
📝 BP, Petronas in race to invest in Greenko founders’ new platform
📝 Oil India doubles down on drilling, EOR to boost output
📝 Oil PSUs’ stuck Russian dividends being parked in an Indian bank in the country
📝 Petrol Rs 170, LPG 1,800, Rice 1,800: Prices hiked in this state for daily commodities, know why
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Coal / Mining
📝 Vedanta pledges 95% holdings in Hindustan Zinc to raise funds
📝 NMDC eyeing partners to tap lithium mining in Australia
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Power
📝 Energy insecurity biggest threat to sustaining India’s elevated growth rates in longer term, says CEA
📝 iLabs taken to NCLT for reneging on Lanco deal
📝 Ecofy ties up with Tata Power Solar Systems to provide rooftop solar financing
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Renewable Energy
📝 Solar investments to overtake oil outlays this year: IEA
📝 Power minister warns wind energy equipment makers against preferring exports over domestic market
📝 As India's electrical grid strains, rural hospitals and clinics find reliable power in rooftop solar
📝 Renewable power project developers told to stick to deadlines
📝 ‘India may join offshore wind pact; first tender in 2 months’
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