Top Indian Metal & Energy Industry News & Updates - 25 April 2025,Friday
Govt. Policy / Industry
Adani Energy Solutions clock all-time high PAT for FY25
📝 Modi says to speed up mining at unused greenfield mines, To increase steel production
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Iron & Steel
Stainless steel cos seek anti-dumping duty amid global trade turbulence
📝 Modi urges steel industry to ramp up iron ore mining, cut imports, and build 'steel-strong India'
📝 Hit by U.S. tariff, Indian stainless steel players turn to domestic market
📝 India confident of achieving steel production target by 2030, official says
📝 Govt taking all steps to ensure quality & price are right: Steel secy
📝 India's safeguard steel tariff will help check imports, JSW Steel CEO says
📝 India expects steel imports to slow from China, South Korea and Japan, govt source says
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Gold / Silver & Bullion
Gold climbs Rs 200 to Rs 99,400/10 gm amid renewed concerns over US-China standoff
New Delhi: Gold prices climbed Rs 200 to Rs 99,400 per 10 grams in the national capital on Thursday following fresh buying by stockists and jewellers and a weak dollar, according to the All India Sarafa Association.
📝 Senco to now operate all Melorra stores after it enters into a tie-up with August Jewellery
📝 Mumbai International Airport to launch hand-carriage jewellery export operations starting May 1
📝 Gold Corrects Rs 2900 Per 10 gm In Spot Market
📝 RBI's 57.5 tonnes of gold purchase second-highest in 7 years
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Other Metals
📝 Hindustan Zinc advocates galvanisation to prevent corrosion costs, saving 5% of India's GDP annually
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Oil & Gas / OMCs
Petroleum products exports up 3% in FY25, value dips 7%
India’s exports of petroleum products grew by 3.4% in volume terms to 64.7 million tonnes in FY25, compared to 62.6 million tonnes in FY24, according to data from the Petroleum Planning and Analysis Cell. The rise in exports was primarily driven by increased shipments of motor spirit, petcoke, and fuel oil.
Hyundai Motor Group opens new battery and electrification research centre at IIT Delhi
📝 Three more Russian insurers seek India's approval to provide cover for oil tankers, sources say
📝 India cuts LNG buying as other fuels become more attractive
📝 Regain 520km of range in 5 minutes! CATL unveils EV Battery offering 1500km range and rapid charging
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Coal / Mining
Underground coal mining gets fresh policy impetus
In an attempt to accelerate underground coal mining, the government on Thursday introduced incentives such as waiving off the upfront payment and a reduction in floor revenue share for the investors.
Coal ministry announces incentives to boost underground coal mining in the country
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Power
📝 NHPC says Himachal's Parbati-II project to add Rs 224 cr in annual revenue after it begins ops
📝 THDC India synchronises first unit of its 1,000-MW pumped storage project in pump condenser mode
📝 Adani Green shares in focus after 1,250 MW hydro storage deal with Uttar Pradesh utility
📝 NTPC Green Energy to consider raising up to Rs 5,000 cr via bonds next week
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Renewable Energy
Committed to investing in United States: CEO Waaree Energies
Despite the uncertainties surrounding “retaliatory tariffs” announced by the Trump administration, Waaree Energies Ltd said it remains “committed” to the promised ₹1 billion investments in the United States which includes setting up a solar cell manufacturing facility and increasing the solar module manufacturing capacity to 5 gigawatt (GW).
Adani Energy Solutions registers record performance in 2024-25, net profit up 103%
Ahmedabad: Adani Energy Solutions has ended January-March quarter and the entire financial year 2024-25 record high. The January-March quarter profit after tax rose 87 per cent to Rs 714 crore, as per a company statement.
Refex Industries Q4 net profit grows 44% to ₹48 cr
Livguard appoints Sameer Nagpal as MD & CEO
📝 Hero Future Energies appoints 4 I-bankers for Rs 5,000-crore IPO
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Nuclear Energy
📝 Customised insurance in works for nuclear plants
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