Top Indian Metal & Energy Industry News & Updates - 19 April 2025,Saturday
Govt. Policy / Industry
India’s WTO plea on aluminium, steel tariffs not maintainable: US
The US has said that it is willing to discuss with India the additional tariffs it has imposed on steel and aluminium but outside the framework of the World Trade Organization (WTO).
PM to inaugurate India Steel 2025 event in Mumbai on Apr 24
As per the Ministry of Steel, the three-day event will see a participation of more than 12,000 business visitors, 250 exhibitors and 1,200 conference delegates representing various sectors, government departments, state governments, country delegations and domestic and international buyers from India and abroad.
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Iron & Steel
Not safeguards, but security: US defends steel, aluminium tariffs amid India’s WTO complaint
Duty imposed on steel, aluminium due to national security: US to India in WTO
JSW Italy gets a grant of €33 mn from Italian Govt
Tata Steel in talks with US customers seeking tariff exemptions
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Aluminium & Copper
Copper is the next gold: Anil Agarwal sees big opportunity for India, entrepreneurs and investors
Vedanta Group Chairman Anil Agarwal on Thursday took to social media platform X to highlight copper’s rising strategic value, calling it the “next gold” in the era of clean energy and advanced technology.
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Gold / Silver & Bullion
Gold imports jump by $12.5 billion in FY25 as price skyrockets
Despite record-high prices of gold in 2024-25, Indian households’ purchase of the yellow metal hasn’t been seriously depressed. While gold prices went up 33.78% during 2024-25, import demand in volume terms contracted just 4.79%, according to department of commerce data.
Jewellers to sweeten deals ahead of Akshaya Tritiya as gold surges
📝 Gold imports rise 192% to $4.47 billion in March
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Oil & Gas / OMCs
Indian Oil-GPS JV to set up 10 biogas plants at Rs 1,200 crore
IOC GPS Renewables — a joint venture between Indian Oil Corporation (IOC) and GPS Renewables — is looking to set up 10 compressed biogas (CBG) plants this financial year at a cost of Rs 1,200 crore.
Crude oil imports bill up 2.7% to $137 billion in FY25
India’s crude import bill rose by 2.7% during FY25, reaching $137.0 billion compared to $133.4 billion in the same period of FY24, according to data from the Petroleum Planning and Analysis Cell.
India's oil and gas production fall in 2024-25
Crude oil output dropped 2.5per cent year-on-year to 26.5 million metric tonnes (MMT) in 2024-25. Domestic crude production has been falling every year for a decade, down 26per cent from 35.9 MMT in 2014-15.
Gas allocation to CGD firms on advance quarterly basis: Oil Ministry
📝 City gas firms to get pro-rata allocation of expensive "new well gas": Govt
📝 India's oil and gas production fall in 2024-25
📝 ONGC's cheaper APM gas supply falls, costlier new well supply doubles for city gas distributors
📝 Govt tweaks city gas policy, moves to advance quarterly allocations
📝 How can V2G technology help India’s power sector? | Explained
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Coal / Mining
📝 Coal India arm SECL enters into Rs 7,040-cr pact with TMC Mineral Resources
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Power
📝 Senvion India to instal 4.2 MW wind turbine in TN
📝 PFC, IREDA mull legal measures against Gensol to safeguard their loan exposure
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Renewable Energy
Ireda posts strong growth momentum in Q4, but ₹470 crore Gensol loan is a concern
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose almost 4% after reporting a 49% growth in net profit in Q4 of FY25, thanks to strong credit offtake and improved interest margins.
Suzlon down 16% so far in 2025: Is this multibagger a Buy at current levels?
One of the most buzzing multibagger stocks, Suzlon Energy’s share price has fallen 16% in 2025 so far. The stock has been a multibagger over the long run. In the past 1 year, it has delivered returns of over 33%, though it had corrected significantly in the Covid times. The stock used to trade around Rs 1.90 in March 2020 but has consistently held over the Rs 50 a share mark in the near term. But is it still a ‘Buy’ at current levels?
bl interview . US–China tariff war may benefit Indian solar firms, says Emmvee
Mamata to kick off JSW Salboni project, entailing investment of Rs 16,000 crore
📝 CERC refuses to intervene in transfer of Azure’s 2333 MW to AGEL
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Nuclear Energy
📝 India plans to ease nuclear liability laws to attract foreign firms: Sources
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International
US has single rare earths mine. Chinese export limits are energising push for more
America's only rare earths mine heard from anxious companies soon after China responded to President Donald Trump's tariffs this month by limiting exports of those minerals used for military applications and in many high-tech devices. "Based on the number of phone calls we're receiving, the effects have been immediate," said Matt Sloustcher, a spokesperson for MP Materials, the company that runs the Mountain Pass mine in California's Mojave Desert.
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