Top Indian Metal & Energy Industry News & Updates - 21 Jun 2025,Saturday
Govt. Policy / Industry
📝 India finalises ₹5,000 crore incentive scheme for rare earths mineral production
📝 Ashwini Vaishnaw meets Russian Deputy PM, discusses rare earth metals and infrastructure
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Iron & Steel
📝 Shri Hare-Krishna Sponge Iron Limited launches ₹29.91 crore IPO
📝 Sambhv Steel Tubes IPO to open on Jun 25; sets price band at Rs 77-82 per share
📝 Steel sector expects pain as government gives less than one day to comply with quality order
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Gold / Silver & Bullion
📝 Gold declines Rs 600 to Rs 99,960/10 g; silver plunges Rs 2,000/kg
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Oil & Gas / OMCs
Fuel ban, scrapping: How Delhi-NCR plans to get rid of overaged vehicles
📝 HPCL to invest $231 mn to build 24 compressed biogas plants in India
📝 India's petroleum consumption to surge 5.37% annually till 2030: PHDCCI Report
📝 Experts from US to assist ONGC at Rudrasagar Field: Assam CM Himanta Biswa Sarma
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Renewable Energy
Suzlon secures third AMPIN order to develop 170.1 MW wind project
Suzlon Group has bagged its third successive order from AMPIN Energy Transition. The two companies are partnering once again to help decarbonise India’s electricity distribution sector by developing a 170.1 MW wind energy project in Kurnool, Andhra Pradesh.
Servotech Renewable Power System acquires 27% in solar PV module maker, Rhine Solar
Servotech Renewable Power System has acquired a 27 percent stake in solar PV module manufacturing company Rhine Solar. According to the exchange filings, the deal is estimated at Rs 12.14 crore, and Servotech purchased 9,50,106 shares of Rhine Solar at a price of Rs 127.88 per share.
Suzlon bags 170.1 MW wind energy order from AMPIN
Vivek Srivastava, Chief Executive Officer, India Business, Suzlon Group, said, "Three orders from AMPIN reflect the power of shared mission. Together, we’re committed to a self-reliant, affordable and sustainable energy future by blending innovation, local manufacturing, and deep sectoral expertise in promoting decarbonisation of India’s power distribution infrastructure."
📝 ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
📝 Suzlon Energy shares rally 3% after fresh 170 MW wind order win
📝 CRI Solar bags orders for solar pumps from Maharashtra, Punjab and Haryana energy development agencies
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International
📝 Rare Earth crisis deepens: China’s shipments sink to five-year low; down 74% YoY in May
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Economy
India’s core sector growth drops to a nine-month low of 0.7 per cent in May
India’s combined index of Eight Core Industries (ICI) increased by 0.7 per cent (provisional) in May 2025 as compared to the Index in May, 2024, data released by the Ministry of Commerce & Industry showed on Friday. This marks the slowest growth in nine months, following a tepid 1 per cent increase in April and 4.5 per cent in March.
Indices rise over 1% to end 3-day losing run; week ends in the green
Benchmark indices rose 1.3% on Friday snapping a three-day losing streak as crude oil prices fell up to 3.5% after US President Donald Trump signalled that a decision on potential strikes against Iran would be made within two weeks, easing fears of an imminent military escalation.
Iran-Israel conflict: Freight costs, insurance premiums may rise if uncertainties persist
📝 Core sector growth slows to 9-month low of 0.7% in may
📝 Forex boost: India’s reserves climb by $2.29 billion to $698.95 billion; led by gains in foreign currency assets and gold
📝 Rupee gains 14 paise to 86.59 vs US dollar; oil price dip, FII inflows support recovery, traders eye HDB IPO-linked inflows next week
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