KFIL restarts mini blast furnace operations at Hiriyur plant amidst market recovery
KFIL in a statement added that with market conditions showing signs of recovery and pig iron prices stabilising, KFIL has taken proactive steps to restart the furnace. This move indicates KFIL’s agility in responding to market shifts and its commitment to maintaining high standards of operational excellence and reliability.

Aluminium futures can rise further
Aluminium futures on the Multi Commodity Exchange (MCX) have been on a rally since early March. It rebounded on the back of the support at ₹200. Last week, the contract broke out of the resistance at ₹226. Early this week, aluminium futures hit a record high of ₹238.15 and the price action indicates that further rally is possible. The nearest notable support from the current level is the price band between ₹250 and ₹255. A breakout of ₹255 can lift aluminium futures to ₹275.

Bling it on! Branded jewellery stores set to mushroom
India’s large retail jewellery chains are expanding at a breakneck speed, with estimates suggesting 500 stores coming up from the top five chains in just two to three years. The mid-size and smaller chains are also joining the race.

Gold price slips Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 86,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640.
 

Silver purchase in India down 38% in 2023: Silver Institute
 

Vedanta’s Hindustan Zinc recognised as third largest producer of silver globally
Hindustan Zinc Limited, a Vedanta group company, on Thursday announced that it has now become the third largest silver producer globally as per the World Silver Survey 2024 conducted by ‘The Silver Institute’, USA. “The company’s Sindesar Khurd Mine now stands as the world’s second largest silver-producing mine moving up from last year’s fourth position,” the company said in a regulatory filing. 

ONGC awards PMC contract to Nauvata, PERC Engineering
Oil and gas exploration and production (E&P) major ONGC has awarded a Front End Engineering Design (FEED) and project management consultancy (PMC) contract to a consortium of Nauvata Energy Transition Enterprise and PERC Engineering. The contract, for pre-FEED, FEED and PMC services, encompasses concept study and tender bid package preparation for two developments in the Krishna-Godavari (KG) basin on India’s east coast, Nauvata said.

ReNew partners with Japan's JERA to evaluate joint development of green ammonia project in India
ReNew partners with Japan's JERA for green-ammonia project in Odisha
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