Top Indian Metal & Energy Industry News & Updates - 25 April 2024,Thursday
Govt. Policy / Industry
📝 Hitachi Energy eyes expansion in India amid rising power demand
📝 India's first geothermal project: ONGC plans June drilling; project may open source of emission-free electricity in Ladakh
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Iron & Steel
📝 We should not assume India will be the best place to come in for foreign investors as there are other options: TV Narendran, Tata Steel
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Gold / Silver & Bullion
📝 Gold price drops by Rs 2,900 in just 10 days. What should investors do?
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Oil & Gas / OMCs
Chargeup to bolster network by adding 1500 new partner stations
New Delhi: Chargeup, a leading battery financing and full stack EV asset management platform, plans to onboard 1 lakh drivers within the next 3 years and extend its reach to 1 million drivers across 30 cities within 5 years.
📝 GAIL plans to expand LNG trading business to global markets
📝 IGX launches ssLNG contracts, to take gas availability beyond national grid
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Coal / Mining
📝 Sampling and grading of coal at 427 mines completed; new grades to be applicable for FY24
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Power
📝 REC to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar
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Renewable Energy
Gruner Renewable Energy bags projects worth ₹1,500 Cr for CBG plants
New Delhi: Gruner Renewable Energy said that it has bagged multiple projects worth ₹1,500 crore for Compressed Biogas (CBG) plants across the country, within the first year of its incorporation. Gruner secured 11 projects from India’s leading business conglomerate valued ₹1,100 crore and 19 other projects, worth ₹400 crore from individual business leaders, the company said.
Soleos Solar Energy raises ₹26.5 crore equity funding
📝 Offshore wind capacity of 1GW may be auctioned in first 100 days of new govt
📝 Grew Energy bags order to supply 200 MW solar equipment
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Nuclear Energy
📝 NTPC-NPCIL JV may invite bids for work on Rajasthan nuclear power unit this FY
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Economy
📝 Rupee settles on flat note, up 1 paisa at 83.30 against U.S. dollar
📝 Sensex, Nifty climb on firm trend in global markets
📝 PMI scales to 14-year high at 62.2 in April
📝 India growth story to benefit Japan's firms, says Nomura
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