Good news for Tata Group, THIS company becomes India's first to develop...
Tata Group's Tata Steel on Wednesday claimed that it has become India's first steel company to develop pipes for hydrogen transportation, marking a significant milestone in the country's hydrogen mission. The pipes, processed at Tata Steel's Khopoli plant using steel manufactured at its Kalinganagar plant, have successfully met all the critical properties required for hydrogen transportation, the company said in a statement.

Steel trade deficit widens to over ₹31,350 cr for April - Dec period: Report
New Delhi: India’s steel trade deficit has widened to over ₹31,350 crore in value – amongst the highest in the last five years – for first nine months of FY25 (April – December) as import surge continues, a Union Steel Ministry report, accessed by businessline, shows. Trade deficit widened by 18 per cent on a sequential basis, which was at ₹26,394 crore, till November (8MFY25).

JSW One TMT launches new campaign: "100% certified nahi toh TMT nahi"
Mumbai (Maharashtra) [India], January 30: JSW One TMT, a trusted player in high-quality steel bars, has launched its latest brand campaign, "100% certified nahi toh TMT nahi." The campaign highlights the importance of quality and certification in construction materials and underlines JSW One TMT's commitment to delivering 100% BIS-certified TMT bars to address the industry's need for reliability and trust.

Gold reaches all-time high of USD 2,859/oz, surging 40% in a year
New Delhi: Gold prices soared to a new all-time high of USD 2,859 per ounce (28.34 gm), marking a sharp increase of 37 per cent over the past year.

Gold prices scale yet another peak of Rs 83,800 per 10 grams
New Delhi: Gold prices rose for the second straight session to hit another fresh all-time high of Rs 83,800 per 10 grams in the national capital on Thursday amid strong global trends.
 

Oil & Natural Gas Corporation Q2 Results 2025 on 31 Jan, 2025: profit falls by 25.2% YOY, profit at ₹10272.55 crore and revenue at ₹158329.1 crore
Oil & Natural Gas Corporation Q2 Results 2025:Oil & Natural Gas Corporation declared their Q2 results on 31 Jan, 2025. The topline increased by 7.8% & the profit decreased by 25.2% YoY. Profit at ₹10272.55 crore and revenue at ₹158329.1 crore.

GAIL posts ₹4,084 cr Q3 net on LNG supply compensation
New Delhi: State-run GAIL on Thursday reported a 52 per cent year-o-year growth in its consolidated net profit at around ₹4,084 crore in Q3FY25 aided by a ₹2,440 crore compensation for LNG supplies. Sequentially, net profit rose by 28 per cent. India’s largest gas utility’s consolidated total income was higher at around ₹37,315 crore in Q3FY25, against ₹34,258 crore in Q2FY25 and ₹35,1822 crore in Q3FY24.

OMCs float tender for 124 cr litre ethanol from rice, C Heavy Molasses
New Delhi: Domestic oil marketing companies (OMCs) on Wednesday floated a tender for procuring 124 crore litres of ethanol during the current ethanol supply year (ESY), which concludes in October this year.

OMCs likely to register softer refining margins in Q4FY25
After registering healthy refining and marketing margins in the third quarter of financial year 2024-25, state-owned oil marketing companies stare at a potential decline in their Ebitda and net profit in the next quarter on likely softer gross refining margins, according to analysts.

India’s oil import dependency up at 88.1% in April-December as demand growth pips domestic output
Source Credit:Sukalp Sharma, The Indian Express

Carmakers race to build EV charging infra, but challenges persist
 

LTIMindtree wins application services contract from FLS Mining
LTIMindtree, a global technology consulting company, has secured a partnership with FLS Mining to transform the latter’s application maintenance services. The deal, announced on January 30, 2025, will see LTIMindtree managing and supporting FLS Mining’s complex application landscape while implementing AI and automation tools to reduce complexity and improve business efficiency.

HVDC a $30 bn market but India barely in the game: Sterlite Power MD

Pratik Agarwal is the managing director of Sterlite Power, a leading power transmission infrastructure company and producer of cables, the weakest link in India’s journey to Net Zero. He is also the chairman of Serentica Renewables, a developer of renewable projects, focusing on providing power to businesses. Of the Rs 3,000 crores of the privately held Sterlite’s revenues, 40 percent comes from exports, with more than half from the Europe and the US. Sterlite Power wants to double revenues to Rs 10,000 crores in the next three years focusing on both Indian and export markets, Agarwal told Business Standard in Mumbai in a sit down interview, naming India, Korea and Taiwan, are the three places which are going to take a lead in that entire chain. The interview is edited for space and clarity.

KPI Green Energy signs ₹1,311 crore solar project deal with Coal India
Mumbai: KPI Green Energy Limited announced today the signing of a contract agreement with Coal India Limited to develop a 300 MW AC grid-connected solar PV plant in Gujarat’s Khavda region. The project, valued at ₹1,311.40 crore, will be installed at GIPCL’s Solar Park and includes operation and maintenance services for five years. The shares of KPI Green Energy Limited were trading at ₹349.85 up by ₹16.65 or 5 per cent on the NSE today hitting its upper band.

Wind industry seeks policy parity, infra support to meet energy goals