Top Indian Metal & Energy Industry News & Updates - 06 April 2024,Saturday

Govt. Policy / Industry

Deep Dive: Natural hydrogen and India’s potential
New Delhi: The potential for naturally occurring hydrogen, which is touted to be cheaper than green hydrogen, in India is not known yet. However, it is possible that the country might have some sites if impetus is provided by the government and research is initiated, according to industry experts.
JSW Energy raises Rs 5K cr by selling shares to investors, including ADIA

In a late regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP).
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Aluminium & Copper

Vedanta’s Hebbar chosen as WEF’s Young Leader
Priya Agarwal Hebbar, chairperson, Hindustan Zinc, and non-executive director, Vedanta Limited, has been selected as one of the five Indians to join the prestigious Young Global Leaders Class of 2024 by the World Economic Forum – a group of nearly 90 changemakers who are shaping the future and accelerating positive change through their ground-breaking work.
Vedanta's aluminium output rises 4% in Q4
Diversified natural resources firm Vedanta Ltd on Thursday said its total aluminium production increased 4% to 5,98,000 tonne in the fourth quarter of FY24, over the year-ago period. The company's aluminium production was 5,74,000 tonne in the corresponding quarter of FY23, Vedanta said in a filing to BSE.
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Gold / Silver & Bullion

Gold price dips Rs 10 to Rs 69,970, silver falls Rs 100 to Rs 81,600
The price of 22-carat gold also fell Rs 10, with the yellow metal selling at Rs 64,140.
 
Titan Q4 update: Tata Group company posts 17% revenue growth in Q4 FY24, adds 86 stores
Fashion accessories company Titan, which is owned by Tata Group, on April 5, posted a 17% year-on-year growth in the fourth quarter (Q4 FY24), the company said in a preliminary business update.
Kalyan Jewellers reports 34% rise in Q4 revenue
Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand
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Oil & Gas / OMCs

No issue with oil payment from India: Russia
The Russian Foreign Ministry has said that deliveries of Russian oil to India are steadily high, with no payment issues encountered, the state-owned news agency TASS reported.
📝  India's diesel exports to Asia down 63% in March
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Coal / Mining

Coal India 3rd in list of global CO2 emitters
Eighty percent of global carbon dioxide emissions since the Paris Agreement can be linked to 57 fossil fuel and cement producers in the world where the top three emitters are actually state-owned companies, including Coal India Limited which is ranked third in the list, shows a new analysis by a London-based think tank InfluenceMap.
📝  Mining in Goa after six years, Vedanta starts its operations
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Renewable Energy

Indosol Solar commences PV module production at Ramayapatnam
Indosol Solar Private Ltd, a subsidiary of Shirdi Sai Electricals (SSEL), has commenced production from its solar PV module manufacturing facility in Ramayapatnam, Nellore, Andhra Pradesh.
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Economy

Rupee avoids record low despite slew of negative cues
The Indian rupee was little changed on Friday amid expectations that the country's central bank will intervene, which countered weak risk appetite, a stronger U.S. dollar and rising oil prices.
📝  Forex reserves accumulation to continue despite record kitty
📝   Rupee ends higher on foreign, state-run banks' dollar sales; rises on week
📝  Sensex gains marginally to scale new peak after RBI policy decision
📝   8% growth projection for India not ours: IMF
📝  RBI rebuilds forex war chest, hits $645.6 billion high
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