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%
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