India's steelmakers fall short of investment target due to delays linked to China
Steel companies have been facing difficulties in importing machinery from China and ensuring visa clearances for Chinese experts for more than six months, according to the government and the sources. Some of the steel mills that managed to get equipment on time failed to get experts from China to work on new projects, one of the sources said. The sources did not wish to be named as they were not authorised to talk to the media.

Coal fuels India's power demand as growing economy crushes green hopes
Built along a stretch of salt flats in southern India, the Tuticorin power plant epitomizes a quagmire for the world’s fastest-growing major economy: how to provide reliable energy to 1.4 billion people.

Copper likely to gain more on China’s output cut, rising demand
Copper prices will likely gain further in 2024 on fears of production cuts in China and increasing demand, particularly for green energy transition, after having gained about 10 per cent since the beginning of 2024. They are currently ruling at highs not seen since June 2022. 

Gold price rises Rs 10 to Rs 73,320, silver climbs Rs 100 to Rs 86,600
The price of 24-carat gold climbed Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 73,160, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 86,100.
 

Crude oil prices may rise, but LS polls will cushion the blow to Indian consumers
New Delhi: With a fresh round of tensions now beginning in West Asia between Iran and Israel, crude oil prices will be the biggest casualty.

Tata Power's EV charging network crosses 10 cr green kilometres
New Delhi: Tata Power on Monday said that it becomes the first Electric Vehicle (EV) charging solutions provider to power 10 crore (100 million) green kilometres spanning public, semi-public, bus/fleet and home charger segments across the country.

Oil demand growth slows to 1.6 mb/d, non-OPEC+ set to boost output by 1.6 mb/d in 2024: IEA
New Delhi: Global oil demand growth is losing momentum, increasing by only 1.6 million barrels per day (mb/d) in the first quarter of 2024, down 120,000 barrels per day (kb/d) from previous forecasts, due to weak deliveries in OECD countries, the International Energy Agency (IEA) said in its monthly report.

India’s thermal coal imports climb to a two-year high in January-March 2024
India’s thermal coal imports in the first quarter of 2024 calendar year rose to its highest in the last two years as the world’s third-largest energy consumer prepares to meet the peak power demand during April to June. According to data from energy intelligence firm Kpler, India’s imports of thermal coal, largely consumed by the power sector, rose 23 per cent y-o-y to 42.95 million tonnes (MT) during January-March this year from 34.85 MT in same quarter 2023.

Tata Power, Adani Power and JSW among 15 thermal plants to get Power Ministry nod to use imported coal till October 15
The Ministry of Power has declared that imported coal can be used till October 15 by the thermal plants to operate on full capacity. The latest move is aligned to avoid the electricity shortage in the country as per the recent notification.

Adani Green Energy posts operational capacity increase of 35% YoY at 10,934 MW during FY24
Adani Green Energy Limited on Monday announced that its operational capacity has increased by 35 per cent on-year to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind power plants. This, it added, includes operationalization of 2,000 MW as part of ongoing development of the 30,000 MW RE project in Khavda, Gujarat, and also greenfield addition of 418 MW in Rajasthan. 

Mahindra arm forays into hybrid renewables segment with a Rs 1,200 crore project
Mahindra Group to invest ₹1,200 crore to develop renewable energy project
The Hindu Business Line

100 bustards and the challenge to India’s solar flight path
New Delhi: In the early 1960s, India was on the lookout for a national bird. Renowned ornithologist, the late Salim Ali, also known as the ‘birdman of India’, favoured the Great Indian Bustard, a four ft tall bird that resembles an ostrich. The large and heavy bird is found in the extreme west of Rajasthan and Gujarat. Eventually in 1963, the government of India settled for the peacock. Though there is no way to know for sure, the government, back then, feared the name ‘bustard’ would be misspelt, the media had reported.

Global mining investment too low to support energy transition, Rio Tinto chairman says
Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said on Monday.

Iron ore rangebound as investors await more China data
Iron ore futures prices were rangebound on Monday, as investors awaited the release of more key data from top consumer China for signals of further direction.

Japanese consortium to invest $370 mn in Natural Gas Transition Platform
A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday.