Top Indian Metal & Energy Industry News & Updates - 22 April 2025,Tuesday
Govt. Policy / Industry
India slaps 12% safeguard duty on steel imports from China, others
The government on Monday imposed a provisional safeguard duty of 12% on imports of key steel products, including hot rolled coils (HRC), in view of a surge in shipments of the alloy varieties from several countries, especially China.
📝 India allows extension for commissioning of certain solar power projects until December
📝 JSW plans to attract Japanese, Korean companies to its Salboni industrial park in Bengal
📝 Core sector grows 3.8% on steel and cement expansion
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Iron & Steel
India to achieve steel production capacity of 300 million tonnes by 2030
New Delhi |: India is on a trajectory to achieve steel production capacity of 300 million tonnes (MT) and a per capita consumption of 160 kg by 2030, according to the government.
📝 Five steel goods face 12% safeguard duty
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Gold / Silver & Bullion
Gold price jumps over 2% to cross $3,400 after Trump’s ‘Golden Rule’ boosts bullion
Gold continues its upward trend on Monday. Gold rose more than 2% to trade above $3,400 per ounce on Monday, hitting a new record high, boosted by safe-haven buying amid escalating global trade concerns and a weaker US currency. If gold closes Monday’s trade above $3,400, it will be the first time it has achieved that level.
📝 As gold prices soar, Indians are exchanging old jewellery for new
📝 Rs 1,00,000: Yellow metal proves mettle in retail trade
📝 Gold nears ₹1 lakh-mark in Delhi on weak dollar, U.S.-China tariff war woes
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Oil & Gas / OMCs
Natural gas import bill increases 13% to $15.2 billion in FY25
India’s natural gas import bill surged by 13% to $15.2 billion during the financial year 2024-25, compared with $13.4 billion in FY24, driven by rising consumption, according to data from the Petroleum Planning and Analysis Cell (PPAC). In March, the import bill increased by approximately 8.3% to $1.3 billion, compared to March 2024.
Bharat Lubricants: 40 Years of trust, launches biker care range
Surat : In the bustling city of Surat, where industry meets tradition, a legacy was born in 1984--a legacy of trust, performance, and relentless innovation. Bharat Lubricants, founded by the visionary Mr. Satish Kumar Gupta, has become more than just a brand. It is a story of passion, perseverance, and purpose--one that has journeyed alongside India's growth for over four decades. And now, as it celebrates its 40th year, Bharat Lubricants writes a new chapter in its story with the launch of two game-changing products designed for the heart and soul of India's roads--the bikers.
📝 1.4L electric vehicles fight over 763 public charging stations
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Coal / Mining
📝 Coal India and DVC sign pact
📝 Coal Trade Exchange: Govt extends deadline until May 7 for comments on draft rules
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Power
📝 Mamata lays foundation stone of 1,600 MW power plant, announces massive push in power sector
📝 PFC gets cracking, but lenders missed ₹262-cr Gensol gap
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Renewable Energy
Tata Motors and Tata Power Renewable Energy ink 131 MW hybrid energy deal
Tata Motors and Tata Power Renewable Energy Limited (TPREL) have signed a significant Power Purchase Agreement (PPA) to jointly develop a 131 MW wind-solar hybrid renewable energy project, designed to supply clean electricity to Tata Motors’ manufacturing operations in Maharashtra and Gujarat.
Kuwaiti Company to invest $1 billion USD in NexGen Energia's green energy initiatives
New Delhi: In a milestone move that reflects increasing global faith in India's renewable energy industry, Noida green energy firm NexGen Energia Ltd has raised a $1 Billion USD investment pledge from regional investment behemoth Capital Edge of Kuwait. Equity-based funding will enable NexGen Energia, India's leading installer of Compressed Bio-Gas (CBG) plants, to expand its CBG infrastructure across the country, supporting the country's shift to clean energy and energy self-reliance.
Continuum Green Energy gets SEBI nod to raise ₹3,650 crore through the public issue
Continuum Green Energy IPO: An independent power producer, Continuum Green Energy Limited, on Monday, April 21, received the green light from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company submitted its preliminary draft papers on December 10, 2024.
📝 Capital Edge of Kuwait to invest USD 1 bn in NexGen Energia
📝 Evren inks pact with NTPC to set up 300 MW firm and dispatchable renewable energy project
📝 Inox Wind executes 990MW turnkey project from Purvah Green
📝 Wind energy body pegs FY26 capacity addition at 6-7 GW
📝 Disclosure of wind turbine parts' source may be must
📝 Continuum Green Energy gets Sebi nod for Rs 3,650 crore IPO
📝 Gensol Engineering fraud: Lenders may approach Economic Offences Wing
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