Top Indian Metal & Energy Industry News & Updates - 27 May 2023,Saturday

Govt. Policy / Industry

📝  Indian steel industry projects domestic demand to rise 7.5% in current fiscal
📝  India's electricity supply improves in cooler pre-monsoon: Kemp
📝  Govt crackdown soon on developers of delayed power projects: RK Singh
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Iron & Steel

📝  Steel demand expected to grow 7.5% in FY24: Indian Steel Association
📝  SAIL Q4 Results: Firm reports over 50% fall in net profit
📝  JSW Steel’s debt will be range-bound in FY24: Jayant Acharya
📝  NALCO’s revenue zooms to ₹14,255 crore for 2022-23, an all-time high
📝   Domestic steel prices under stress as China demand dips
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Aluminium & Copper

📝  Vedanta’s promoters cannot dispose of shares: Lender
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Gold / Silver & Bullion

📝  Thangamayil Jewellery proposes bonus shares at 1:1
📝  Gold falls ₹160, silver climbs ₹360; check rates here
📝  How much gold can you legally buy in cash without any ID proof in India?
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Oil & Gas / OMCs

📝  Indian oil companies await USD 300 mn dividend for business in Russia
📝  ONGC Q4 Results: Profit falls 53% YoY to Rs 5,701 crore
📝  ONGC March quarter revenue rises to `36,293 cr
📝  GAIL goes live with Swift India for digitising bank guarantees
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Coal / Mining

📝  India's workers are trapped in a vicious cycle of coal and heat
📝  MOIL Q4 Results: Net profit declines 38% to ₹81 crore, dividend declared
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Power

📝  BHEL reports 34.2% fall in profit as higher material costs weigh
📝  GE Power India loss narrows to Rs 129.70 cr in March quarter
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Renewable Energy

📝  AGEL arm commissions 130-MW wind energy plant in Gujarat
📝  Gautam Solar partners Jinchen to double solar module capacity
📝  State plans to add around 4,100MW across thermal and renewable energy sources, says Aroop Biswas
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Economy

📝  Indian rupee inches up on yuan recovery, dollar index pullback; premiums tumble
📝  Indian rupee snaps 2-week losing streak; premiums tumble
📝  Forex reserves dip $6.1 billion to $593.48 billion
📝  Equity markets rally for second day; Sensex jumps 1%
📝  Rupee rises 14 paise to close at 82.58 against US dollar
📝  India witnessing ‘snowball effect’, set to see exponential growth in coming years: WEF President Borge Brende
📝  Goldman Sachs hikes India’s 2023 GDP forecast to 6.3%
Read More >>


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