Indian Metal & Energy Industry News & Updates - September 2024
Andhra Pradesh power sector turns around, to refund ₹895 crore to consumers
Hyderabad: Andhra Pradesh power sector, which has long been debt-ridden, has achieved turnaround with savings of ₹895 crore during the financial year 204-25 and will be refunding the same amount to the consumers.
Steel giants turn cautious on iron ore mine bids amid high premiums, remote locations
Mumbai: India’s biggest steelmakers have tamped down their bids for iron ore mines over the past two years as aggressive bid premiums and the remote location of some of the recently auctioned assets clouded the benefits of acquiring them.
Vedanta clarifies as $750 mn bond plan sparks mystery over $600 mn loan proceeds
On Monday, when ratings agency Moody's disclosed that Vedanta Resources Ltd (VRL) is looking to raise $750 million through unsecured dollar bonds to refinance a $550 million loan, short-seller Viceroy Research had a pointed question.
India initiates anti-dumping probe into Chinese solar components, mobile covers after industry complaints
The Commerce Ministry's arm DGTR has initiated an anti-dumping probe into the import of a solar component and mobile covers from China, following complaints by RenewSys India and All India Mobile Cover Manufacturer Association.
Delhi: Tehkhand waste-to-energy plant set to undergo Rs 900 crore expansion
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