Japanese consortium sign MoU to set up a new green ammonia production facility in Odisha by 2030
A consortium of Japanese majors — IHI Corporation, Hokkaido Electric Power Co., Mitsubishi Gas Chemical Company, Inc., shipping major Mitsui O.S.K. Lines, Ltd., Inc., Mizuho Bank, Ltd., and Tokyo Century Corporation — has come together and signed a Memorandum of Understanding (MoU) to explore investment opportunities in a green ammonia production project currently under development in India, according to a statement issued by the shipping major. In the project, a new green ammonia production facility will be established in Odisha, eastern India by 2030, in collaboration with ACME Group, a major renewable energy company in India. The facility aims to produce about 4 lakh tonnes of green ammonia annually. This green ammonia will be safely and stably transported to Japan, catering to various domestic users such as power generation companies and chemical manufacturers.

JSW Steel pips global steel cos on m-cap race, emerges most valuable
Mumbai: Sajjan Jindal-led JSW Steel has emerged as the most valuable company globally with its market capitalisation touching $30.5 billion on Tuesday. It was ranked higher than the global steel companies such as US-based Nucor Corp and ArcelorMittal whose market-cap was at $29.4 billion and $26.9 billion. Nippon Steel Corp and Tata Steel m-cap was at $24.5 billion and $22.9 billion as on Tuesday.

JSW Steel to transfer Salav unit to subsidiary for Rs 2,233 crore
JSW Steel will transfer its sponge iron unit at Salav village in Raigad, Maharashtra to its wholly-owned subsidiary JSW Green Steel, it said in disclosures filed with the exchanges on Tuesday.

JSW Steel becomes world’s most valuable steel company
JSW Steel Ltd. has emerged as the world’s most valuable steel company, surpassing industry giants like ArcelorMittal and Nucor Corp. The Indian steelmaker now boasts a market capitalisation of $30.31 billion, outpacing its closest competitors by $91 million to $3 billion.

Krishca Strapping Solutions Ltd secures Rs65.75 Crore Contract for strapping, wrapping, and compactor services from ESL Steel Limited (Vedanta group)
Chennai: Krishca Strapping Solutions Ltd, a one of the leading providers of industrial strapping and packaging solutions, has secured two major contracts from ESL Steel Limited (Vedanta Group) for strapping, wrapping, and compactor services at its Mappedu facility.

Tata Steel appoints three Wales contractors for green steel-making project
 

Will safeguard duty help expand capacity in India's steel industry?
 

Aluminium futures: Temporary dip ahead of rebound
The price of Aluminium futures has been falling over the past two weeks. The continuous contract marked a high of ₹268.35/kg on March 12 before starting to decline. On Monday, it closed at ₹254.10.

Gold prices surge amid global uncertainty, could touch $3,100 soon

New Delhi : Gold prices are on a strong upward trend, with analysts predicting that the precious metal could soon reach the $3,100 mark per ounce.

Hindustan Zinc deploys AI-powered surveillance to enhance workplace safety and efficiency
Hindustan Zinc Limited, a subsidiary of Vedanta Limited, has implemented an AI-powered camera surveillance system called Detect AI across its operations to enhance workplace safety, improve operational efficiency, and monitor compliance.

Govt to expand oil buffer with new reserves in Odisha, Karnataka; land awaited from states
The government is set to expand the country's strategic petroleum reserves by adding 6.5 million metric tonnes (MMT) of crude oil storage at Chandikhol in Odisha and Padur in Karnataka under Phase-II of the Indian Strategic Petroleum Reserve Limited (ISPRL) programme. Both projects are to be developed under the Public Private Partnership (PPP) mode.

India’s top oil and gas explorer prepares for a looming glut
India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant.

PURE launches energy storage products

According to Rohit Vadera, Co-Founder and CEO, PURE, the PuREPower aligns with the government’s vision to promote renewable energy adoption and Energy Storage integration. 

RBI's revised priority sector lending norms ease credit constraints in renewable energy sector: SBI
New Delhi: The Reserve Bank of India's (RBI) revised guidelines for Priority Sector Lending (PSL) have helped ease credit constraints in the renewable energy sector, according to a report by the State Bank of India (SBI).

Suzlon shares end near ₹58 level, Motilal sees 21% upside potential
Bengaluru: Shares of Suzlon closed flat after rising 3 per cent on Tuesday’s early trade. Domestic brokerage Motilal Oswal HAS initiated coverage on the stock with a buy rating at ₹70, nearly 21 per cent upside potential.