From Tata Steel to Hindustan Zinc, metal firms yet to deliver on hope

This rally in metal and mining stocks, however, is driven more by future expectations than by accelerated earnings growth in recent quarters.

Steel demand to stay robust as infra spend to rise 11% in FY25 irrespective of Lok Sabha election outcome: S&P Global
India's domestic steel demand is expected to remain robust for the next 10 years, driven by infrastructure investments. Irrespective of the outcome of the ongoing high-stakes Lok Sabha election, spending on infrastructure—which accounts for 25-30 per cent of steel demand—is expected to go up by 11 per cent year on year in the fiscal year 2024-2025. 

NMDC Steel Limited depicts Chhattisgarh's Dhokra art in new logo
Source Credit: R Krishna Das, Business Standard

Raipur: State-run NMDC Steel Limited (NSL) has unveiled its logo depicting the Dhokra art of Chhattisgarh, where the company has major operations.

Hindalco subsidiary Novelis files draft papers with SEC to target $12.6 billion valuation via US IPO
Novelis Inc is targeting a valuation of up to $12.6 billion by offering 45 million shares in its initial public (IPO) offering in the United States, said the US-based wholly-owned subsidiary of Hindalco Industries.

Hindalco to raise $1.08 b via Novelis IPO
 

Gold price climbs Rs 10 to Rs 72,940, silver rises Rs 100 to Rs 96,600

The price of 22-carat gold also went up Rs 10, with the yellow metal selling at Rs 66,860.

Shell focuses on enabling LNG-based mobility in India, set to foray into CBG
New Delhi: Shell India is seeking to play a major role in attempts to build a green transport ecosystem in the country by displacing diesel – one of the dirtiest fuels -- with liquified natural gas, or LNG.

BBMP now sets eye on EV charging station safety
“We will conduct thorough inspections of gaming zones with the involvement of fire officers, zonal officials, and health inspectors,” Nath said. “Given the potential risk of short circuits at EV charging stations, especially those located in apartment complexes, we will also initiate checks in collaboration with BESCOM and the electrical inspectorate.”

BHEL ties up with BARC for electrolyser system to produce hydrogen energy
Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system to produce hydrogen, the company informed the exchange in a filing.

Engie to double renewable energy capacity in India to 2.2 GW by 2025
New Delhi: Engie will double its renewable energy (RE) installed capacity in India to around 2.2 gigawatts (GW) by 2025 as the Indian arm of the France-based clean energy solutions giant expands footprint in the world’s fourth largest renewables market investing around $870 million, or ₹7,000 crore.

Wind industry taken aback by MNRE order
Chennai: The Indian wind industry is taken aback by an order of the Ministry of New and Renewable Energy (MNRE), issued on Monday, giving exemption to wind turbines set up in special economic zones and export-oriented units from getting approval under the ‘Revised List of Models and Manufacturers’ (RLMM).  RLMM, a mechanism that has been in vogue for a long time, is known for its rigour in approving wind turbines that can be set up in India. Every machine, Indian or foreign, needs this approval before it is introduced in the market.  

BHEL signs Technology Transfer Agreement with Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system
Bharat Heavy Electricals Limited (BHEL) on Tuesday announced that it has entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC) for 50 kW alkaline electrolyser system for Hydrogen production. The technology offered by BARC, the company said, is indegenously developed and have high local material content.