Ohmium partners with Tata Projects to advance green hydrogen initiatives in India
New Delhi: Ohmium International (Ohmium), one of the leading green hydrogen companies that design, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, announced a strategic partnership with Tata Projects, one of the leading sustainable technology-led EPC companies in India. This collaboration aims to bolster green hydrogen projects in India.

Tata Steel to proceed with its £1.25 bn investment to build Furnace in Port Talbot; closure of two Blast Furnaces by end of June, Sept
Tata Steel to invest £1.25 billion in modern electric arc furnace in Port Talbot
The Hindu Business Line

Global steel production drops 4.3% in March
Global crude steel output declined by 4.3 per cent in March 2024 to 161.2 million tonnes (mt) compared with 168.4 mt in the corresponding period a year ago. According to the World Steel Association, top producer China’s output plunged to 88.3 mt in March, down by 7.8 per cent from the year-ago period. India reported a 7.8 per cent rise in production at 12.7 mt. 

Aluminium futures: Uptrend steady, hold the longs
Aluminium futures on the Multi Commodity Exchange (MCX) remained steady over the past week. As the April futures are nearing expiry, we consider the May contract for analysis and trade recommendation. The May aluminium futures hit a high of ₹244 early this week. But then the contract moderated and it closed at ₹236.8 on Wednesday. The broader trend remains up. From the current level, the nearest support is at ₹228, where the 20-day moving average lies. Below this, aluminium futures can find support at ₹224. Subsequent support is the 50-day moving average at ₹215.

Vedanta takes ₹746 crore impairment for Sterlite Copper's Thoothukudi plant
Mumbai: Vedanta Ltd has taken a final charge on its books on account of its shut Sterlite Copper plant and is exploring options to utilize the plant’s assets at its other locations after the Supreme Court dismissed the company’s special leave petition (SLP) to reopen the unit.

Gold price dips Rs 10 to Rs 72,260, silver falls Rs 100 to Rs 82,400

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 72,260. In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 72,410, Rs 72,260, and Rs 73,190, respectively. In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,240. In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,390, Rs 66,240, and Rs 67,090, respectively. The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 82,400.

India wants to vet diamonds locally, not in Belgium
 

Vedanta net dips 27% on lower realisation
 

Grew Energy secures 200 MW of SECI’s solar PV module auction
Grew Energy secured the largest share of 200 MW. The tender that was out in December 2023 has specifications to supply uniform size and crystalline technology to locations anywhere across the nation as per SECI guidelines, the company said.

Canada's LNG Energy signs Venezuela oil contract
Canada-based LNG Energy Group announced on Wednesday it had signed an agreement with Venezuela's state-owned PDVSA Petroleo, though the renewal of US oil sanctions could potentially pose problems.