Steel Authority of India Limited partners with Bengaluru-based startup to pioneer carbon emission reduction in steel production
In a move towards a greener future, state-owned Steel Authority of India Limited (SAIL) has teamed up with Bengaluru based start-up sentra.world to reduce carbon emissions in steel production, a critical step for environmental conservation.

Copper: Uptrend intact. Retain the longs
Copper prices have reversed higher after a short-lived corrective fall. The copper futures contract on the Multi Commodity Exchange (MCX), which made a low of ₹754 per kg, have bounced back sharpl. The contract is currently trading at ₹766 per kg.

Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 63,610.
 

Seros Energy achieves 10,000-meter monthly drilling on CBM
New Delhi: Oil field services provider Seros Energy on Monday announced that it achieved a significant milestone by consistently delivering over 10,000 meters of wells on a monthly basis, exclusively for coal bed methane (CBM) drilling projects across India. The company also made a noteworthy indent as an Indian service provider to execute more than 200 hydraulic fracturing jobs assisted by coiled tubing in the Eastern CBM belt while unlocking pay zones with some of the most significant fracking jobs executed in the CBM reservoir, per the company.

Coal India marginally falls short of FY24 production target, produces 773.6 million tonnes
State-run coal miner Coal India marginally fell short of its annual production target for the last fiscal as it produced 773.6 million tonnes in the last financial year against the target of 780 million tonnes.

KFIL unveils commissioning of pulverised coal injection for pig iron plant in Koppal, Karnataka
Pune: Kirloskar Ferrous Industries Ltd, castings and pig iron manufacturers in India, announced the commissioning of its state-of-the-art Pulverised Coal Injection (PCI) Plant in Koppal district of Karnataka on Monday. “The successful commissioning of our Pulverised Coal Injection Plant marks a significant milestone in our journey towards sustainable manufacturing processes. This investment underscores our unwavering commitment to cost reduction, efficiency and cost competitiveness,” said R V Gumaste, Managing Director, KFIL.

India’s coal and lignite production at 1,039 million tonnes in FY24

Coal Minister Pralhad Joshi said “Proud to share that under the leadership of PM Narendra Modi and on the verge of completing my five years tenure as Union Minister of Coal, we have registered a stellar achievement by crossing 1-billion-tonne coal and lignite production. This is a historic moment for our country as we have achieved highest-ever production, and it will go a long way in ensuring energy security to the nation.”

NTPC adds nearly 4GW capacity in FY24; total installed capacity at 76GW
This (3,924 MW) includes the commissioning of the second unit in Bangladesh and maiden capacity addition by both its subsidiaries -- NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending March 31, 2024, a company statement said.
 

NTPC clocks 50% growth in mine output in FY24, records all-time high power generation
India’s largest power generating company, NTPC or National Thermal Power Corporation has clocked 55 per cent growth in coal despatches along with 50 per cent expansion in output across all mines in FY24, as compared to last year. The company also recorded an all-time high annual electricity generation of 422 billion units in the fiscal gone by. 

Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project

Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value Rs 10 at par (Rs 50 crore) and will use 500 MW of generation capacity for captive use, the two firms said in separate stock exchange filings.
 

NTPC wins 3,445 MW renewable energy projects in total during FY24

"NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the company participated during the financial year which is the highest since it started participating in the bids," the company said.