Thermax hopes to ride on steel, power and refining this year
After a year of tepid order book growth, energy and environment solutions provider Thermax is expecting big projects to be back in the steel, refining and petrochemicals and power sectors. Managing director and chief executive Ashish Bhandari told ET’s Kalpana Pathak in an interview that he is optimistic about the power sector with the government talking about large power plants.

Edited excerpts:

Gold price slips Rs 10 to Rs 74,120, silver falls Rs 100 to Rs 86,400
The price of 24-carat gold slipped Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 74,120, according to the GoodReturns website. The price of silver declined Rs 100, with one kilogram of the precious metal selling at Rs 86,400.
 

GAIL to commission its first green hydrogen project in April
State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said.

India's crude oil import bill drops 16% but import dependency hits new high
India's crude oil import bill falls, but import dependency hits new high
The Hindu

Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now
As tensions between Israel and Iran grow, geopolitics is dominating the market narrative for oil. After the recent drone attacks, a military conflict between Iran and Israel could quickly embroil nearby major oil and gas producers, including Tehran's OPEC counterparts -- Saudi Arabia and the UAE, which have previously found their refineries, pipelines and ports targeted by Iranian-backed Houthi rebels in Yemen.

Govt confident of 1.1-billion-tonne coal production
The government is confident of producing 1.08 billion tonne of coal during 2024-25, an official source told FE. The coal ministry is planning to inaugurate 20 first-mile connectivity projects with coal handling plants and silos this fiscal to boost evacuation.

FY25 to be transformative year, says Vedanta's Anil Agarwal
Vedanta looks to deleverage group by $3 billion
The Financial Express

Essar Energy Transition appoints Rob Wallace as CEO of EET Hydrogen Power
Essar Energy Transition (EET) is the unit of Essar Group that is driving USD 3.6 billion worth of low-carbon projects in the UK and India over the next five years.

Power Grid Corp board approves plan to raise Rs 12k cr via bonds
Power Grid Corporation board approves plan to raise Rs 12,000 crore via bonds
The Indian Express

Apple enters JV with CleanMax to invest into rooftop solar projects in India
Apple partners with Clean Max to install 14.4 MW of rooftop solar in India
The Hindu Business Line

Codelco CEO vows to pursue community buy-in over lithium expansion
Chile's state-run miner Codelco has made progress in negotiating with local communities over lithium mining and will keep working to win their support, Chief Executive Ruben Alvarado said on Tuesday, a day after several groups in the Atacama salt flat broke off talks.

Carbon capture will not play major role in steel decarbonisation, report says
Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates, high costs and a track record of underperformance, a think tank said in a report on Wednesday.