India's mineral production increases by 8% in February, says govt
The index of mineral production of the mining and quarrying sector for February 2024 at 139.6 is 8 per cent than February last year.

Indian steel exports to Europe hit a five-year high in FY24 but cedes space in UAE, Vietnam to Chinese mills
New Delhi: India’s steel exports to Europe hit a five-year high in FY24 with outbound shipments hovering at 3.3 million tonnes (mt), up 65 per cent y-o-y and near doubling over a five-year (from FY20). However, the cheer is short-lived. The country has ceded space in the UAE – where exports hit a five-year-low – and also in South East Asia, as per reports of the Steel Ministry, accessed by businessline.

Jindal Stainless announces expansion plans worth INR 5,400 cr, including a Indonesian JV and an acquisition
Listed stainless steel manufacturing company Jindal Stainless on Wednesday announced a 'three-pronged' investment strategy worth nearly INR 5,400 crore for its melting and downstream capacities.

Vedanta plans to invest USD 20 bn in India in 4 years; will sell steel biz only at right price: Anil Agarwal
The Vedanta Group is aiming to invest USD 20 billion across all its businesses in India over the next four years, its Chairman Anil Agarwal said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event.

Aluminium futures face resistance, potential correction ahead
Aluminium futures (May contract) on the Multi Commodity Exchange (MCX) hit a high of ₹244 last week. It then moderated and closed at ₹236.1 on Wednesday.

Gold price climbs Rs 10 to Rs 72,280, silver rises Rs 100 to Rs 83,500
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,260.
 

Statiq to set up EV charging stations at wayside facilities of Cube Stop Wayside Amenities
New Delhi: Statiq, a leading electric vehicle (EV) charging network has partnered with Cube Stop Highway Rest Areas, to enhance EV charging infrastructure across highways in the country.

Castrol India Q1 Results Live : profit rise by 6.79% YOY
Castrol India Q1 Results Live : Castrol India declared their Q1 results on 30 Apr, 2024. The topline increased by 2.42% & the profit increased by 6.79% YoY. As compared to the previous quarter the revenue grew by 4.84% and the profit decreased by 10.62%.

Tripura government imposes restriction on sale of petrol, diesel
"In view of the supply constraint of petrol and diesel due to disruption in goods train movement to the state, it has been decided to impose restriction on sale of fuel - petrol and diesel in the state from May 1 until further order", said Additional Secretary of Food and Civil Supplies Department, Nirmal Adhikari.

India's coal production rises 7.4 pc in Apr to 78.69 MT
Coal India net up 26% at Rs 8,641-cr
The Financial Express

Adani Power Q4 Results Live : profit falls by 47.79% YOY
Adani Power Q4 Results Live : Adani Power declared their Q4 results on 01 May, 2024. The topline increased by 30.48% & the profit decreased by 47.79% YoY.

Renewable sources make up 71% of new power capacity addition in FY24
Chennai: Renewable energy (RE) sources contributed to 71 per cent of the overall new power capacity addition in 2023-24, a report from CEEW Centre for Energy Finance (CEEW-CEF) revealed.

Adani Green Secures $400 million from international banks for 750 MW power projects
Adani Green, Avaada Energy raise new loans
The Financial Express

Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships
Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.