Haldia Petchem plans USD 10 billion oil-to-chemical project in south India
The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more thanUSD 10 billion project in southern India, HPL's chief executive said.

India starts work on green steel policy
New Delhi: The Steel Ministry has begun work towards formulating a comprehensive green steel policy that include defining the processes of making such offerings, the skill-set required, funding support availablity, among others, sources tell businessline.

Iron ore bourse planned to determine domestic prices
 

Metal stocks in focus: Hindustan Copper posts MIC production of 27,404 tonnes in FY24, highest in past 5 years
Hindustan Copper on Tuesday announced that the company has achieved MIC (Metal in concentrate) production of 27,404 tonnes during FY 2023-24. This, it added, is the highest in the last five years and 11 per cent higher than the last year.  

Gold price declines Rs 10 to Rs 69,100, silver rises Rs 100 to Rs 79,100
The price of 24-carat gold slipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 69,100, according to the GoodReturns website. The price of silver, on the other hand, rose by Rs 100, with one kilogram of the precious metal selling at Rs 79,100.
 

Zinc futures trades below a support, go short
Zinc futures (April contract) on the Multi Commodity Exchange (MCX) faced a resistance at ₹227 in mid-March and declined. A week ago, it slipped below a support at ₹220, opening the door for further fall.

Q4FY24 Biz Update: Silver shines for Hindustan Zinc with production at 6.1 moz, mined and refined zinc posts healthy growth
Hindustan Zinc on Tuesday announced that the company has recorded its highest-ever quarterly refined metal production at 273 kt during the fourth quarter of FY24, up 6 per cent sequentially. The growth, it added, was on account of better plant availability. On-year basis, the Q4 growth was up 1 per cent in comparison to 269 kt during the same period last year. 

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.

OPEC+ unlikely to recommend oil output policy changes: Report
An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their highest this year.

Coal India’s FY24 production rises 10% to 773.6 MTs, falls marginally short of annual target
State-owned Coal India Limited (CIL) produced 773.6 million tonnes (MTs) of coal in FY 2024, posting a 10 per cent growth over a high base of 703.2 MTs of FY 2023, it reported in an exchange filing. This, per the data shared by CIL, is the first instance that the company recorded double digit growth in two successive years since its inception. In volume terms the output expanded by 70.4 MTs which is the second ever high. Even so, the state-run coal miner marginally fell short of its annual production target for the last fiscal.

India auctioned 354 mineral blocks in nine years, working to securing critical minerals through international partnerships: Pralhad Joshi
India has auctioned 354 mineral blocks in nine years, out of which 70 per cent were auctioned in the last three years, Union Mines Minister, Pralhad Joshi said on Tuesday. 

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing.

Adani Power revives old ambitions as power demand surges in India

But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.

Checking imports: CIL, SCCL to hold regular auctions for short term coal linkages to power plants
Government has directed PSU coal miners, who account for more than 90 per cent of the mined commodity, to regularly hold auctions for short term linkages to power plants and intimate Gencos about their annual timeline.

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts
Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040.