Steel industry says surge in imports 'warning signal' for country's Atmanirbhar mission
The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a "warning signal" for the country which strives to become Atmanirbhar. As per the steel ministry's Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal.

Tamil Nadu’s energy demand touches new peak of 20,000 MW
Chennai: With the scorching summer, elections and IPL cricket matches spurring power consumption, Tamil Nadu State’s power generating and distributing utility Tangedco (Tamil Nadu Generation and Distribution Corporation Ltd) has witnessed an exponential surge in energy demand, crossing a new peak of 20,000 plus MW on Monday, April 8, 2024.

Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission
The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a “warning signal” for the country which strives to become Atmanirbhar.

‘India becoming net steel importer a warning signal for Atmanirbhar mission’
As per the Steel Ministry’s Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MT) over 6.022 MT imported during the preceding 2022-23 fiscal. “The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),” Alok Sahay, secretary general of apex industry body Indian Steel Association

Gold price climbs Rs 10 to reach Rs 71,740, silver slips to Rs 84,400
The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760.
 

Zinc breaks out of a range, at 11-month high
Zinc futures on the Multi Commodity Exchange (MCX) rallied last week and made higher highs. It broke out of the resistance at ₹225 and hit an 11-month high of ₹236.4 on Monday. The contract has broken out of the ₹205-230 range within which it has been oscillating since May last year. This fresh breakout has increased the odds of a rally from the current level.

IOC to resume Avgas supply to flying schools
Mumbai: Indian Oil Corporation (IOC) is resuming supplies of aviation gasoline (Avgas) to pilot training schools in the country, it said on Tuesday.

Will domestic petrol prices go up pre-polls?
Source Credit: Sumant Banerji, mint (Delhi Print Edition)

Fresh geopolitical uncertainty has pushed global crude prices above $90 per barrel. How does it impact India’s oil marketing companies? Will they be forced to increase prices in the election season? Mint finds out.

Country geared up to meet peak power demand in summer: Govt
With the Indian Meteorological Department (IMD) projecting a hot summer, with above-normal temperatures and an above-normal number of heatwave days from March to May, all precautions have been taken to ensure the current summer doesn’t see serious power outages, government sources say.

Lenders to invite bids for Hiranmaye Energy in the next few weeks

The lenders of the Hirnamaye Energy Limited (HEL) would invite bids for the beleaguered thermal power company in the next few weeks, sources said.

Govt sets up panel to monitor thermal power capacity additions
New Delhi: The Power Ministry has set up the Thermal Power Monitoring Group (TPMG) that will regularly track the progress of upcoming thermal power plants (TPPs) in the country.

Govt plans to stop extending deadlines for solar projects
Government is looking at putting an end to the practice of giving extensions on timelines for completion of solar power projects in a bid to achieve its ambitious target of 500 GW non-fossil based power capacity by 2030.

Vikram Solar announces appointment of Narayan Lodha as Chief Financial officer
Kolkata: Solar energy solutions provider Vikram Solar on Monday announced the appointment of Narayan Lodha as its Chief Financial officer. “Lodha’s appointment is a testament to our strategic vision for scaling operations and pioneering state-of-the-art solutions in both established and emerging markets, particularly in the field of sustainable energy,” the company said in a statement.