Top Indian Metal & Energy Industry News & Updates - 03 Jun 2025,Tuesday
Govt. Policy / Industry
How can 50% Trump tariff on steel and aluminium impact India? A look at key factors to watch
US President Donald Trump increased the tariffs on steel and aluminium, and the increased 50 percent tariffs would be effective from June 4. The increase in tariffs on steel and aluminium could have a major impact on Indian companies, as India exports about $4.6 billion worth of iron, steel, and aluminium products every year to the US.
📝 'Baseless and mischievous': Adani Group denies being under investigation by US authorities over links with Iranian LPG
📝 Gautam Adani under new scrutiny from US prosecutors, WSJ reports
📝 India's top miner tests local iron ore pricing; shift from global index, source says
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Iron & Steel
Proposed US tariff hike on steel and aluminium may hit India’s USD 5 billion engineering exports, says EEPC
Source Credit: PTI, New Indian Express
ArcelorMittal Nippon Steel bets on AP as Odisha project slows on land acquisition delays
India ready to counter steel trade diversion, if any: Kumaraswamy
US dismisses India’s steel tariff challenge at WTO on legal, procedural grounds
📝 NMDC Posts Best-Ever May Month Performance
📝 Tata's Gopalpur SEZ joins World Economic Forum for clean energy revolution
📝 Trump's steel tariff plan to have 'minor' impact on India: Minister
📝 India must brace for steel trade diversion, say industry leaders
📝 Indian exporters worried over US tariff hikes on steel, aluminium goods
📝 New steel tariffs mixed bag for Indian companies making in US
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Aluminium & Copper
📝 Trump’s move to double aluminium import tariff will hurt Indian exporters, says industry body
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Oil & Gas / OMCs
IBA collaborates with Indian Oil to develop bioenergy, bio-hydrogen sector
The Indian Biogas Association on Sunday said it has signed an MoU with Indian Oil Corporation Ltd (IOCL) for development of bioenergy and bio-hydrogen sector.
Petrol sales climb 9% in May, diesel demand tepid
Petrol consumption spiked for the second month in a row in May as summer season travel pushed up demand but diesel sales remained tepid, according to provisional industry data.
Torrent Power signs LNG supply pact with BP Singapore
New Delhi: Gujarat-based Torrent Power Ltd (TPL) has signed a long-term sale and purchase agreement with BP Singapore Pte. Ltd, a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) from 2027 to 2036.
📝 Bengaluru airport gets 24/7 EV charging station powered by second-hand car batteries
📝 PNG connection: Gas discoms to be fined for missing targets
📝 TotalEnergies to sell more LNG from US to India
📝 PNGRB defends LNG terminal regulation, says it will help "well-coordinated" gas market development
📝 Honeywell signs pact with NTPC Green to explore sustainable aviation fuel production
📝 ONGC's downstream gains to cushion impact of lower oil prices: S&P Global Ratings
📝 India emerges as key market for LNG, ranks fourth globally in 2024: TotalEnergies CEO
📝 Oil India commences gas production from Bakhritibba DSF block in Jaisalmer
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Coal / Mining
Coal India reports 1.4% fall in production in May at 63.5 mt
Kolkata: State-owned coal behemoth Coal India on Monday reported a 1.4 per cent year-on-year fall in its production to 63.5 million tonnes for the month of May this year from 64.4 million tonnes in the same period last year. According to a regulatory filing with the BSE, CIL’s four subsidiaries — Bharat Coking Coal (BCCL), Central Coalfields (CCL), Western Coalfields (WCL) and Mahanadi Coalfields (MCL) — witnessed y-o-y decline in their productions in May.
Overall coal production reaches 86.24 MT during May, stock held by companies grows 29.18%
New Delhi : The overall coal production in India during May 2025 reached 86.24 MT (Provisional), marking an increase over the 83.96 MT produced in the corresponding period of the previous year.
📝 NMDC eyes to touch 55 MT iron ore production mark this fiscal: CMD Amitava Mukherjee
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Power
📝 Small hydro projects may get up to 30% aid on project cost
📝 Torrent Power to buy LNG from BP Singapore
📝 Torrent Power inks lNG supply pact with BP Singapore
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Renewable Energy
India’s green hydrogen push slows down due to unviable economics, lack of price clarity
India’s green hydrogen plans are making slow progress with not much clarity on the global demand for green ammonia, as the cost of producing green hydrogen makes it economically unviable, resulting in uncertainty over its pricing. The government is making a huge push for green hydrogen. Under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, the government has set an ambitious production target of 5 million tonnes by 2030, with an outlay of ₹17,500 crore up to FY30, offering incentives for the production of electrolysers and green hydrogen.
Thermal power investments on the upswing after long torpor
A renewed push to thermal power seems to have finally ended sluggishness in the sector. While the pace of construction has accelerated for a clutch of units including ultra super critical ones, state-run NTPC and leading private players such as Adani Power, Tata Power have scaled up their thermal portfolios.
📝 Inox Wind shares slide 3% after Q4 results, but brokerages predict 21% upside
📝 Implement revised local sourcing norms for wind turbines immediately: Suzlon Group’s Chalasani
📝 INOXGFL Group lines up $5b capex for integrated energy solutions play
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International
📝 South Korea to minimise impact of 50% tariff on steel products, ministry says
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