Govt open to offer closed and abandoned coal mines to private sector under revenue sharing mode, says Coal Secretary
Kolkata: The government is open to offering closed and abandoned coal mines to the private sector under the revenue sharing mode, Coal Secretary Amrit Lal Meena said on Thursday.

NMDC reduces iron ore lump rate by Rs 200 per tonne; fines by Rs 250 per tonne
State-owned NMDC on Thursday said it has slashed prices of iron ore and fines by Rs 200 per tonne and Rs 250 per tonne, respectively. The rates of lump ore have been revised to Rs 5,800 per tonne and that of fines to Rs 5,060 per tonne, NMDC said in an exchange filing.

Naveen Jindal made president of steel lobby
Naveen Jindal takes charge as President of Indian Steel Association
The Indian Express

Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill
India’s Jindal Steel & Power Ltd. has taken over operations at Venezuela’s largest iron-ore complex, the first for a private-run firm in the South American country’s heavy industry in over a decade, just months after striking a deal with the Nicolás Maduro government.

Aluminium at 11-week high on demand prospects
London: Aluminium prices climbed to an 11-week high as buying interest increased with improving demand prospects from top consumer China. Three-month aluminium on the LME touched $2,313.5 a tonne.

Gold price climbs Rs 10 to Rs 67,430, silver jumps Rs 100 to Rs 78,600
Source Credit: Business Standard

New Delhi: The price of 24-carat gold climbed Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 67,430, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 78,600.
 

Oil India to take external commercial loan route to raise USD 550 mn loans to fund expansion
Oil India, the country's second-biggest state-owned oil and gas explorer, is set to raise USD 550 million in a five-year external commercial loan facility through Bank of Baroda (BoB) to fund expansion into petrochemicals, ethanol, biogas, and renewable energy and run its operations. The five-year loan will be linked to the six-month benchmark secured overnight financing rate (SOFR).

June too early, fresh deadline for capital’s first bio-CNG plant
New Delhi: Delhi’s first bio-CNG plant, which will convert wet waste into compressed gas, will become operational by Sept-end. This is situated near Okhla’s landfill. Municipal Corporation of Delhi plans to develop another bio-CNG plant at Ghoga in northwest Delhi this year.

Mahindra inks MoU with Adani Total Energies for EV charging infrastructure access
Mahindra & Mahindra, a leading SUV and EV manufacturer has signed a Memorandum of Understanding (MoU) with Adani Total Energies E-Mobility (ATEL), a wholly-owned subsidiary of Adani Total Gas.

India's coal import rises to 212 mn tonnes in April-January period
The country registered a marginal rise of 1.65% in coal imports to 212.24 Million Tonnes (MT) in the April-January period of the ongoing fiscal, over the year-ago period. India's coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by Mjunction Services Ltd.

Sterling & Wilson arm ties up with Spanish firm to make electrolysers in India
New Delhi: Sterling & Wilson on Thursday said that Sterling Generators has tied up with Spanish firm Tecnicas Reunidas for the joint development of a 1 megawatt electric (MWe) hydrogen electrolyser in India.

Land acquisition, infrastructure development pace key hurdles for India's renewable push: Serentica Renewables CEO
Navigating the complexities of the renewable energy landscape, Serentica is encountering difficulties in acquiring land for project development and matching the rapid pace of renewable generation capacity expansion with the slower growth of transmission infrastructure. "Securing suitable land parcels often requires navigating through a complex web of regulatory requirements, local preferences, and environmental considerations," Hiranandani said, emphasizing the need for synchronicity between generation and transmission development to ensure the seamless integration of renewable energy into the grid.

Solar panel makers pitch for ALMM order as cheap imports surge
Mumbai: Notwithstanding the government’s Make in India and Aatmanirbhar Bharat plank, the domestic solar panel manufacturers are bleeding due to the reckless cheap imports from China in the last one year after the Approved List for Models and Manufacturers (ALMM) Order was put on hold. Despite a customs duty of 40 per cent, India has imported 18 GW of solar panels till January FY’24 against the actual physical progress has only been 7.5 GW, according to industry sources.

Gensol Engineering completes 10.6 MWp rooftop solar project for Trident’s Budhni textile unit
Gensol Engineering Limited on Thursday announced the completion of a significant 10.6 MWp rooftop solar project for Trident Limited in Madhya Pradesh. The project, it said, utilises high-efficiency bi-facial solar modules, strategically chosen to maximise energy output and ensure long-term durability. 

Uranium’s 22% price plunge is bottoming out on nuclear future
Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22 per cent decline over six weeks, industry experts and analysts say that the uranium market has likely set a new floor thanks to a strong demand outlook.