Top Indian Metal & Energy Industry News & Updates - 02 Jun 2025,Monday
Govt. Policy / Industry
India’s $4.56 billion metal exports to be hit by Trump’s tariff hike: GTRI
US President Donald Trump’s decision to double tariffs on steel and aluminium imports is set to impact India’s metal exports worth $4.56 billion, according to a report by the Global Trade Research Initiative (GTRI).
📝 FIEO worried over US tariff hikes on steel, aluminium
📝 Govt cuts APM gas price for first time in 2 years
📝 India, a major user of coal power, is making large gains in clean energy adoption. Here is how
📝 Supreme Court quashes cognisance in ED case against Rathi Steel & Its
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Iron & Steel
📝 Salasar Techno Engineering Q4 net profit grows 30 pc to Rs 20 cr
📝 'India needs to be watchful of any trade diversion risk due to steel tariff challenges'
📝 Donald Trump’s steel, aluminum tariff hike to hit $4.56 billion worth of Indian exports: GTRI report
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Gold / Silver & Bullion
📝 Gold Jewellery Consumption To Shrink 10 Pc In FY26
📝 Gold, silver consolidate
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Oil & Gas / OMCs
IndianOil finalises India's largest Green Hydrogen project at Panipat
In a major step towards promoting clean energy in India, IndianOil has finalised the Levelized Cost of Hydrogen (LCOH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex.
📝 IBA collaborates with Indian Oil to develop bioenergy, bio-hydrogen sector
📝 Domestic gas price drops to two-year low of $6.41/mmbtu, first time below ceiling
📝 Indian Oil bets big on clean energy with 10,000-tonne Panipat plant
📝 Jet Fuel, Commercial LPG Prices Slashed for Third Month in a Row
📝 Oil prices hits four-year low; consumers gain, producers brace for impact
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Opec
📝 OPEC+ announces sharp increase in July oil production
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Coal / Mining
NMDC eyes ₹70,000 crore worth of projects; plans GIFT City arm for international ops
NMDC Ltd plans to spend ₹70,000 crore in in the next three years to expand domestic operations, install slurry pipelines and explore 10 minerals including lithium, gold and coking coal abroad, a top executive said. The state-run miner also plans to set up a subsidiary at Gujarat's GIFT City, which will anchor its overseas businesses.
📝 Coal India files DRHP for Bharat Coking Coal with Sebi for an IPO
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Renewable Energy
Green hydrogen projects on the slow lane on unviable project economics, lack of pricing clarity
📝 Adani Energy Solutions to raise Rs 4,300 cr via share sale
📝 Challenges in grid-scale battery storage space in India continue: Cygni Energy CEO
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Nuclear Energy
L&T gears up for nuclear entry, to focus on small modular reactors
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