Top Indian Metal & Energy Industry News & Updates - 28 Jun 2024,Friday
Govt. Policy / Industry
📝 Punjab State Power Corporation Limited commissions seven solar trees in Patiala
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Iron & Steel
📝 Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
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Aluminium & Copper
📝 Copper demand to rise significantly with shift to cleaner energy sources: HCL CMD Sharma
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Gold / Silver & Bullion
📝 Gold falls Rs 120; silver remains flat at Rs 90,600 per kg
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Other Metals
Zinc futures: Bulls gaining traction
Zinc futures (July contract) on the Multi Commodity Exchange (MCX) moved above a resistance at ₹260 on Wednesday. This has confirmed a triangle pattern, a bullish sign. But more importantly, this upswing is a notable indication that zinc futures is likely to have fallen back in line with the broader uptrend.
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Oil & Gas / OMCs
Oil and gas sector seeks investor-friendly reforms in Budget, wants gas under GST
The county’s oil and gas sector seeks supportive regulatory reforms in order to stabilise gas prices by bringing it under the Goods and Services Tax (GST), and steps to increase investment opportunities in the exploration of oil in the upcoming Union Budget.
BPCL sees nearly flat annual crude processing, says executive
India's state-run Bharat Petroleum Corp does not see any major change in its annual crude processing this fiscal year, as it plans to shut a crude unit at its biggest refinery for a month for maintenance, an executive said on Thursday.
BPCL to shut 6 MTPA crude unit at Kochi refinery for one-month maintenance
The maintenance will affect a 6 million tonnes per annum (MTPA) crude unit, along with some secondary units at the 15.5 MTPA Kochi refinery. This temporary closure is part of regular upkeep procedures to ensure the refinery's operational efficiency and safety.
📝 Oil eases as stock build raises spectre of slower US demand
📝 BPCL subsidiary gets NCLT nod to take over Videocon Oil
📝 NCLT approves BPCL subsidiaries acquisiton of VoVL
📝 Indian Oil to boost LNG portfolio to 20 million tonnes by 2030
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Power
📝 India keen to speed up power grid link talks with Sri Lanka
📝 BHEL bags Rs 13,300 cr order to set up 1600 MW-thermal power project
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Renewable Energy
JSW arm signs pacts for 1,325 MW green projects
JSW Neo Energy, a subsidiary of JSW Energy, on Wednesday said it has signed power purchase agreements (PPAs) through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW.
Bright prospects await TN Green Energy entity due to lighter burden of accumulated losses
Industry analysts recommend that the State government extend equity support to Tamil Nadu Green Energy Corporation Ltd (TNGECL) to help it with equity or capital support to maintain a clean balance sheet. Such measures would significantly aid the company in capitalising on emerging opportunities in the green energy sector and achieving capacity targets.
📝 Viability gap funding set to boost offshore wind energy space: Crisil
📝 Wind power generation picks up pace in TN; clean energy meets one-third of state’s power demand
📝 After installing solar plants atop houses, Goa consumers struggle to get govt subsidy
📝 Airtel's Nxtra to become 100 pc renewable energy data centre company
📝 Serentica seeks partners for supply of 800 MWh battery energy storage systems
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Nuclear Energy
📝 Megha Engineering bags Rs 12,800 crore NPCIL project in Karnataka
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International
📝 Copper slips to more than two-month low on high stocks and weak demand
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