Top Indian Metal & Energy Industry News & Updates - 29 April 2025,Tuesday
Govt. Policy / Industry
India’s industrial growth slows to 3%, manufacturing, mining, power sectors underperform
India’s industrial production growth remains almost flat at 3 per cent in March sequentially, though, on a year-on-year basis, it slipped from 5.5 per cent, mainly due to poor performance of the manufacturing, mining and power sectors.
📝 Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
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Gold / Silver & Bullion
Jewellers exported goods of $500 million before reciprocal tariff
Indian jewellery exporters dispatched $500 million worth of goods to the US between March 26 and April 2 in anticipation of the imposition of reciprocal tariff, tariffs, said an official with the Gems and Jewellery Exports’ Promotion Council (GJEPC). These exports were equivalent to a month’s production, and is expected to provide the industry with a three-month relief.
📝 Akshaya Tritiya 2025: Gold prices high, but jewellers anticipate strong sales amid demand for gemstones
📝 Gold declines Rs 1,000 to Rs 98,400/10 gm amid US-China trade deal optimism
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Other Metals
📝 Hindustan Zinc shares rise over 3% after Q4 profit grows 47% YoY to Rs 3,003 crore, Nuvama cuts target price
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Oil & Gas / OMCs
Green hydrogen prices needs to come down by half from current levels, says Crisil Ratings
The cost gap between grey and green hydrogen is expected to come down from its current level of $2.0-2.5 per kg but linger at $1.0-1.5 per kg over the next three financial years, potentially delaying offtake mandates and heightening project risks, Crisil Ratings said on Monday.
Oil imports from Russia touch near 2-year peak in April
India’s import of Russian oil touched its highest level since May 2023 in April despite US sanctions due to their favorable Free on Board (FOB) discounts relative to West African and Middle Eastern barrels, according to data from global real-time data and analytics provider Kpler. The country’s market share in Indian imports rose to 40% in April, up from 39% a year ago.
Castrol India Q4 Results: Net profit rises 8% YoY to ₹233 crore, revenue up 7%
Castrol India Q4 Results: Castrol India Ltd announced its January to March quarter results on Monday, April 28. The company announced an 8 per cent rise in its net profit for the fourth quarter at ₹233.46 crore, compared year-on-year (YoY) with ₹216.24 crore in the same period a year ago.
Higher natural gas prices dent Adani Total Gas profit
📝 Adani Total Gas Q4 Results: Cons PAT falls 8% YoY to Rs 154 crore, revenue up 15%; dividend announced
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Coal / Mining
Coal India introduces a dress code for its workforce
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Power
📝 Delhi's power demand peaks at 6,015 MW, highest on Apr 28 in last three years
📝 REC raises Rs 5,000 cr via bonds
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Renewable Energy
Adani Green surpasses USD 1 Billion in EBITDA; reports robust FY25 results
Ahmedabad: Adani Green Energy Ltd (AGEL), India's largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending 31 March 2025, showcasing significant growth and operational excellence, according to a release.
FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme
Renewable energy accounts for 86% of new power capacity addition in FY25: Report
Primegold Steel & Power to set up 20 MW solar project in Tamil Nadu
Indosol Solar targets 5 GW ingot-to-module manufacturing capacity by October 2026
Ather Energy IPO subscribed 16% on Day 1
📝 Adding 50 GW renewable energy yearly can end coal imports by 2029, save India $66 bn: Report
📝 NTPC may cancel two contracts of 500 MW awarded to Gensol Engineering
📝 Adani Green says independent review on US indictment found no irregularities
📝 JSW Energy moves SC challenging Goa's Green Cess Act, cites legislative incompetence of state
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Nuclear Energy
📝 India needs to fast-track nuclear power projects, government committee urges
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