Top Indian Metal & Energy Industry News & Updates - 27 March 2024,Wednesday

Govt. Policy / Industry

India's GAIL to commission its first green hydrogen project in April, sources say
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.
Coal supplied for gasification should be priced lower than that for power sector: NITI Aayog
 
📝  Preparations for Modi regime 3.0: To fire up PNG adoption, govt may hand out free connections
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Aluminium & Copper

India initiates anti-dumping probe into import of aluminium foil from China
India has initiated an anti-dumping probe into the import of aluminium foil, used as a packaging material for conservation and preservation of edible and food products, from China following a complaint by domestic players. The commerce ministry's investigation arm, Directorate General of Trade Remedies (DGTR), is probing the alleged dumping of aluminium foil.
This industrial metal can electrify India’s growth. But where are the ores?
Chennai: In its short lifespan of 22 years, Sterlite Copper survived closure many times.
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Gold / Silver & Bullion

Gold slips Rs 10, silver declines Rs 100, yellow metal trading at Rs 66,700

The price of 22-carat gold also slipped Rs 10 with the yellow metal selling at Rs 61,140 per 10 grams.
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Other Metals

Zinc futures a support; go short on a break
Zinc futures (April contract) on the Multi Commodity Exchange (MCX) rallied in the first half of March. However, after facing resistance at ₹227, the contract depreciated. On Monday, it closed at ₹220.60.
📝  Hindustan Zinc aims to have 30% women across levels
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Oil & Gas / OMCs

📝  Oil prices extend upward momentum on expectations of tighter supply
📝  LNG importers rush to buy spot cargoes as price hits 3-year low
📝  GAIL to commission its first green hydrogen project in April, sources say
📝  LNG imports increase 37.5% in February 2024
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Power

CCI clears Adani Power’s purchase of Lanco Amarkantak
Adani Power gets CCI’s nod to acquire Lanco Amarkantak Power
The Indian Express
📝  NTPC signs pact with Japanese agency for USD 200 million loan
📝  Sterlite & GIC to set up $1 billion JV for power transmission
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Renewable Energy

India’s existing and upcoming solar power capacities expected to generate 600 kilotonnes of waste by 2030
New Delhi: India, which generated 99 kilotonnes of solar photovoltaic (PV) waste till FY23, is expected to generate around 600 kilotonnes (KT) of additional waste from existing and upcoming solar power projects by 2030. A recent study by the Council on Energy, Environment and Water (CEEW) reveals that most of this waste will come from Rajasthan, Gujarat, Karnataka, Andhra Pradesh and Tamil Nadu.
Adani Group eyes 45 GW renewable energy capacity by 2030
Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come.
Brookfield's big sale has many investors interested
New Delhi : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million.
📝  Solar module duty sop under ALMM may not continue after March 31
📝  Waaree Solar Americas appoints Gordon Brinser as COO
📝  Adani eyes 45 GW renewable energy capacity by 2030
📝  Here are the big hurdles to global push to build up renewable energy
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Nuclear Energy

📝  India’s Voltech Group seeks to expand in nuclear sector
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