Top Indian Metal & Energy Industry News & Updates - 05 Jun 2025,Thursday
Govt. Policy / Industry
📝 India needs massive investments for Net-Zero Goal by 2070; Private sector will be vital: Moody-ICRA
📝 Finance ministry wants lower energy prices for green steel incentives, sources say
📝 Global alarms rise as China's critical mineral export ban takes hold
Read More >>
Iron & Steel
Scoda Tubes lists in lacklustre debut, lists at Rs 140 – 4 key factors you need to know at this hour
Scoda Tubes, a stainless-steel tubes and pipes manufacturer, made a flat debut on the Indian stock exchanges today. The company made its debut on Dalal Street with a flat listing, as the shares opened exactly at the issue price of Rs 140 on both the NSE and BSE.
Jindal Stainless expects Maharashtra Govt to allot land in six months
‘Verdict on Mittal Group’s claim against Bosnia likely in a month’
📝 Stainless steel industry pushes for dumping duty
📝 Jindal Stainless chairman urges govt to impose appropriate duties on imports from certain countries
📝 NMDC slashes iron ore prices
📝 GOI needs nerves of steel
📝 India's demand for stainless steel to grow 7-8% Y-o-Y over next 2-3 years: ISSDA
Read More >>
Aluminium & Copper
Copper futures: Show signs of a rally
Copper futures has gained about 1.7 per cent so far this week and is currently hovering around ₹875/kg. The price action is turning positive and the likelihood of further rally from the current level is high.
NALCO defers ₹30,000-crore expansion after tech tie-up with Rio Tinto Canada falls through
📝 US doubles tariffs on imported steel, Aluminum to 50% starting today
📝 Vedanta says Trump's tariffs damaging, seeks import curbs
Read More >>
Gold / Silver & Bullion
📝 Gold climbs Rs 260 to Rs 99,260/10 g; silver rallies Rs 1,900
Read More >>
Oil & Gas / OMCs
Delhi, Maharashtra & Karnataka account for three-fourth of power consumed by EVs in FY25
While Delhi alone accounts for more than 40 per cent of power consumed by PCSs on a pan-India basis, Maharashtra accounts for one-fourth of the usage. Karnataka, a surprise entrant, accounted for almost one-tenth of the cumulative consumption.
APM gas price cut likely to aid city gas profitability
The recent reduction in prices of domestic gas is likely to improve profitability of the country’s city gas distribution companies, analysts believe.
Statiq ties up with HPCL to add 5,100 EV chargers
Statiq and Hindustan Petroleum Corporation Limited (HPCL) have announced a partnership to integrate HPCL's EV charging network onto Statiq's EVLinq platform, adding over 5,100 chargers, including 2,900 DC fast chargers.
📝 Bengaluru airport gets 24/7 EV charging station powered by second-hand car batteries
📝 India's first solar-powered, second-life battery integrated EV charging station is in Bengaluru
📝 SNB, Entally among 4 sites to get KMC EV charging stns
📝 CGD to drive India's gas demand, set to become biggest consumer
📝 India can increase imports of shale gas, LNG, crude from US: Official
📝 No diesel, petrol delivery fleets in NCR from 2026
Read More >>
Power
Adani, Tata, Torrent, five others eye 51% stake in two UP discoms
New Delhi: At least eight companies, including Adani Group, Tata Power Ltd and Greenko Group, are eyeing a majority stake in two Uttar Pradesh electricity distribution companies in the largest such privatization in the sector, said three people aware of the developments.
📝 Early monsoon cools June power demand target
📝 IEX electricity trade volume jumps 14% to 10,946 MU in May
📝 Spot electricity prices declined substantially in May, amid reduced demand: Indian Energy Exchange
Read More >>
Renewable Energy
Tata Power to launch Solar Skill Centres in TN
India's annual renewable energy capacity addition needs to double to meet 2030 target: S&P
Gujarat-based Kosol Energie plans 2GW solar module manufacturing unit in the US
Vikram Solar gets Sebi nod for IPO to fund Tamil Nadu solar plant expansion
📝 Maruti Suzuki adds 30MWp solar capacity at Kharkhoda and Manesar facilities
📝 Vedanta ramps up RE power capacity to 1.03 GW
📝 Juniper Commissions 145.99 MWp solar project in Maharashtra
Read More >>
International
📝 Impact of Trump’s new tariffs on steel, aluminium on U.S. economy
📝 Nickel rush for stainless steel, EVs guts Indonesia tribe's forest home
Read More >>
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
