India proposes $1.1-billion retaliation against EU for extra steel duties
With bilateral consultations between India and the European Union (EU) failing to break the logjam over the latter’s safeguard duties on Indian steel exports, New Delhi has proposed to “retaliate in equal measure,” and signalled to collect over $1.1 billion as duties from EU firms.

India to impose retaliatory measures against European Union's steel tariffs
The move comes after bilateral engagements with the trade bloc had failed earlier this year.

Tata Steel commissions country’s largest blast furnace at Kalinganagar
Tata Steel commissions 8 mtpa expansion in Odisha
The Hindu Business Line

Oil dips but poised to end week higher on Fed rate cuts, lower US crude stocks
Oil prices ticked lower on Friday but remained on track for a second consecutive week of gains, drawing support from a large cut in U.S. interest rates and declining U.S. stockpiles, Brent futures were down 34 cents, or 0.45%, at $74.54 a barrel at 12:10 p.m. EDT. U.S. WTI crude futures fell 1 cent, or 0.01%, to $71.94.

Oil India to start production from Gabon block next fiscal
New Delhi: State-run exploration and production company Oil India Ltd plans to start oil production from its Gabon block in the next financial year, with the construction of the wells to be completed over the next few months, said two people in the know of the development.

Bharat Petroleum and Ionage partner to expand EV charging network
Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, has strengthened its partnership with Bangalore-based eMobility service provider Ionage to enhance India's electric vehicle (EV) charging infrastructure. Announced on 20th September 2024, this collaboration aims to improve the accessibility and convenience of EV charging, supporting the nation's transition towards sustainable mobility.

PNGRB forms high-level panel to tackle issues of competition, level playing field in CGD sector

“Despite the clear regulatory mandate, PNGRB is facing significant hurdles to declare the authorised entity’s respective authorised geographical area (GA) as common carrier or contract carrier upon expiration of given exclusivity,” PNGRB said. The declaration of GAs as common carrier or contract carrier is essential for ushering in fair competition and efficiency in the city gas distribution sector, which may benefit the end consumer as well as authorised entity, it added. “This may also benefit authorised entities because any entity other than authorised entity that transports natural gas through the authorised city gas distribution network will pay tariff to the authorised entity,” the regulator emphasised.

Oil companies to wait more before petrol, diesel price cut, reverting to routine fuel price revisions
 

RWE, AM Green Ammonia inks pact to supply 250,000 tonnes green ammonia annually
RWE Supply & Trading signed a Memorandum of Understanding (MoU) with AM Green Ammonia B.V., a subsidiary of AM Green Group, for the long-term supply of 250,000 tonnes of green ammonia per year from its plants based in India. The ammonia will be sourced from AMG’s production sites in Kakinada and Tuticorin, India. “Initially, 50,000 tonnes of green ammonia will be produced at the Kakinada site, with the remaining volume of up to 200,000 tonnes to be sourced from the Tuticorin facility,” the company said.

Coal India eyeing Argentina, Chile for critical minerals, says official
State-run Coal India is scouting for critical minerals in Argentina and is in talks with officials in Chile for lithium, India's federal mines secretary V. L. Kantha Rao said on Wednesday.

Rajasthan govt to launch new mineral policy to attract investment

Another official of the department said a policy was considered crucial to boost the mining sector’s contribution in Rajasthan’s gross state domestic product (GSDP) to 5 per cent by 2029-30 (FY30) and 6-8 per cent by FY47. The sector currently contributes 3.4 per cent in the GSDP. “The policy would promote sectoral growth and ensure a reliable supply of minerals,” he added.

Meghalaya advances towards resuming coal mining with a focus on transparency and sustainability
 

Mines ministry to set up project monitoring unit for faster mine operationalization
 

Tata Power share price trades in green amid legal dispute with Adaro International over coal supply
Tata Power and Adaro International have entered a legal conflict over a coal supply agreement, with both companies seeking compensation. The Tata Group company provided an update on the case on Thursday, September 19 evening, in an exchange filing.

SECI planning to launch IPO by 2026
 

Synergy Green Industries receives trading approval for rights entitlements, shares climb
Synergy Green Industries Limited (SGIL) announced today that it has received trading approval for Rights Entitlements (REs) related to its upcoming rights issue. The National Stock Exchange of India (NSE) and BSE Limited have granted permission for the REs to be traded on their platforms.

Nippon Steel to sell USD 211 mn in assets to manage debt amid U.S. Steel deal
Nippon Steel plans to sell at least 30 billion yen (USD 211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits to know the fate of its USD 14.9 billion bid for U.S. Steel.

Rupee logs 10 paise gain to settle at 83.55 against US dollar