Top Indian Metal & Energy Industry News & Updates - 31 May 2023,Wednesday
Govt. Policy / Industry
📝 India may cut solar panel import tax to make up domestic shortfall
📝 India may link local lithium price with London exchange
📝 Kerala govt launches project to make capital largest solar city in India
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Iron & Steel
📝 SAIL readying ₹1,00,000 cr capex plans
📝 Tata Steel Mining to install energy management solutions to cut carbon footprint
📝 NMDC slashes iron ore prices
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Gold / Silver & Bullion
📝 Gold falls by Rs 90 to Rs 59,945; silver declines Rs 350
📝 Senco becomes first qualified jeweller from East India to import gold on India International Bullion Exchange
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Oil & Gas / OMCs
📝 Future refineries in India may be smaller capacity, says minister
📝 After Reliance-bp, Nayara Energy sells petrol, diesel at INR 1 less than PSUs
📝 Builders offer EV charging units in housing complexes in Jaipur
📝 Economics of biofuels
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Coal / Mining
📝 Coal India raises high grade non-coking coal prices by 8%
📝 Vedanta parent pledges 4.4% to rival Glencore for $250 mn
📝 Imports of coking coal from Russia may double
📝 Mining giant Glencore lends $250 million to rival Vedanta Resources
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Power
📝 NHPC Q4 profit grows 39% to ₹719 crore
📝 Adani Transmission to be renamed to Adani Energy Solutions Ltd
📝 Cash-hungry Adani utility shows funding urgency to power India
📝 BHEL logs over 17% rise in new orders in 2022-23
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Renewable Energy
📝 Inox Wind bags bulk order from NTPC Renewable Energy
📝 No interstate transmission fee for offshore wind, green H2 projects
📝 Suzlon net profit at Rs 320 crore
📝 Renewable energy boom stares at talent blackout
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Economy
📝 Rupee falls 7 paise to close at 82.70 against US dollar
📝 Sensex rises 123 pts, Nifty closes above 18,600 in 4th straight day of gains
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