Top Indian Metal & Energy Industry News & Updates - 30 April 2025,Wednesday
Govt. Policy / Industry
📝 India ready to collaborate openly to build inclusive global energy future: Hardeep Singh Puri
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Iron & Steel
Worldsteel day for safety and health celebrated by SSO, Ranchi
📝 Stainless steel industry urges govt to take measures to protect domestic players
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Aluminium & Copper
Vedanta introduces cutting-edge technology to create productive, future-ready workplace
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Gold / Silver & Bullion
Gold demand remains strong this Akshaya Tritiya as high returns attract buyers; experts caution price pullback likely
New Delhi: Gold demand in India is expected to remain strong during Akshaya Tritiya this year, despite the surge in prices, as buyers are drawn by the high returns seen over the past two years.
Gold coins outshine as consumers seek liquid, secure investments amid price surges
Rising gold prices to shave a tenth off organised retailers' volumes: Crisil Ratings
📝 Jewellery market to witness 'mixed trend' on Akshaya Tritiya, expect biz of Rs 16,000 cr: CAIT
📝 Jewellers search for more than golden eggs as gold prices soar
📝 Gold climbs Rs 1,050 to Rs 99,450/10 gm, silver bounces Rs 3,500 ahead of Akshaya Tritiya
📝 Indian Gold ETF holdings up by over 200% in 5 years : Zerodha Mutual Fund
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Other Metals
📝 Vedanta Q4 Preview: PAT may see robust growth up to 141% YoY, revenue could rise by up to 11%
📝 Hindustan Zinc becomes India’s largest integrated silver manufacturer
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Oil & Gas / OMCs
Daewoo partners with Mangali Industries to foray into Indian lubricants market
South Korean automotive firm Daewoo has entered the Indian automotive lubricant sector through a collaboration with Mangali Industries Limited.
Adani Total Gas announces dividend despite 8% drop in Q4 profit: Check record date, key payout details
Adani Total Gas declared a dividend of 25 paise per equity share, which is 125% of the face value. This marked a total dividend payout of Rs 0.50 for FY25, driving its dividend yield to 0.08% from 0.04%.
BPCL Q4 results: Cons PAT falls 8% YoY to Rs 4,392 crore. PSU announces Rs 5 per share dividend
BPCL Q4 Results: Profit drops by 8.30% to Rs 4,391.83 crore, final dividend declared
The Financial Express
New Maharashtra EV policy aims to strengthen charging infrastructure
📝 Govt eyes battery-swap hubs to ease long journeys for EVs
📝 Indian refiners purchase more US crude before trade talks in May
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Coal / Mining
Centre may target 100 GW coal power as demand soars
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Power
NTPC may cancel two contracts of 500 MW awarded to Gensol Engineering
NTPC Ltd's renewable energy arm is considering terminating two contracts close to 500 MW awarded to troubled Gensol Engineering Ltd for engineering, procurement, and construction (EPC) work. It may also cancel a third project that was in the process of being awarded to the solar EPC company, people aware of the development said.
📝 Alaknanda Hydro gets Rs 2,000 crore from Kotak funds
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Renewable Energy
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interest
Shell was in discussion with Mumbai-based Sekura Energy, the Edelweiss Alternatives-owned energy platform, to sell a 300-MW portfolio at a ₹1,200 crore enterprise value, ET reported in January. The talks didn't materialise due to a valuation mismatch and the proposed deal got called off.
India to supply 4.12 lakh tonne green hydrogen derivatives to Japan, Singapore
India will supply a total of 4.12 lakh tonne of green hydrogen derivatives to Japan and Singapore, said Minister for New and Renewable Energy Pralhad Joshi on Tuesday.
Adani Green Energy’s profit surges 59% in FY25, driven by greenfield capacity additions
During the financial year 2025, the company’s total income grew by 18 per cent year over year to ₹12,422 crore. The company’s revenues from power supply grew by 23 per cent to ₹9,495 crore. The company attributed the performance to “robust greenfield capacity addition of 3.3 GW, deployment of advanced RE technologies and superior plant performance.”
📝 Adani Green aims 5 GW of clean energy addition in FY26 at $3.6 billion capex
📝 Enerparc Energy to set up 35 MW solar project
📝 Avaada Group, Maharashtra govt ink pact to set up 3,600 MW pumped storage projects at Rs 15,100 cr
📝 ALTERRA invests $100 mn in clean energy platform Evren
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International
📝 Trump’s push to save the fading coal industry gets a warm embrace in West Virginia
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