Top Indian Metal & Energy Industry News & Updates - 05 May 2025,Monday

Govt. Policy / Industry

Vedanta trims FY25 interest cost to 9.6%, aims for 9% by FY26: CFO Ajay Goel
Goel says refinancing is a regular activity for an operating company, and it is important to consider leverage and net debt. Currently, leverage (net debt to EBITDA) stands at 1.22x (compared with 0.5x in Q4FY24), and it is expected to decline to 1x in FY26.
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Iron & Steel

Seven reasons why SC threw JSW out of Bhushan Power and Steel
Former Reserve Bank of India (RBI) Governor YV Reddy had once made an interesting remark: “Everywhere in the world, future is uncertain. In India past too is uncertain.” Last Friday (May 2), the unique Indian phenomenon of uncertain past came back to haunt the eight-year-old IBC (Insolvency and Bankruptcy Code) ecosystem.
India cracking down on steel imports, backing PSU Global acquisitions, green steel-making push planned: Kumaraswamy
 
Top steelmakers likely to rebid for distressed Bhushan Power & Steel assets
 
📝  BPSL creditors face big clawback after SC rejection of plan
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Aluminium & Copper

Vedanta mulls listing Zambian copper business in US
 
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Gold / Silver & Bullion

📝  Goldsikka Unveils Gold Melting ATM
📝  After rough start, gold, silver cool off
📝  Gold loans have all the glitter in retail credit
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Oil & Gas / OMCs

Why India needs a dedicated scheme on distributed-renewables-powered EV charging
India’s clean energy transition is at a pivotal stage, with several initiatives underway to take the nation closer to its goals of installing 500 GW of renewable energy (RE) capacity by 2030 and attaining net-zero emissions by 2070. The Ministry of New and Renewable Energy (MNRE) has introduced schemes such as the PM-Surya Ghar Muft Bijli Yojana and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme to decarbonise the residential and agricultural sectors, respectively, by incentivising large-scale adoption of renewables.
Oil slumps after OPEC+ plan, US stock futures drop
Oil drops more than $2/bbl as OPEC+ accelerates output hikes
The Financial Express
📝  Petrol, diesel demand rises in April as summer fuels consumption
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Opec

📝  OPEC+ agrees another accelerated oil output hike for June
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Coal / Mining

📝  Vedanta mulls Zambian copper biz listing in US among fundraising options
📝  NMDC posts record 15% rise in iron ore production in April; sales grow 3%
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Renewable Energy

Adani Green Energy arm to supply 400 MW solar power to UP discom
The PPA (power purchase agreement) was executed on Saturday, according to a regulatory filing.
📝  Investing in tech, workforce to reach 100 GW of wind energy target by 2030: IWTMA
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Nuclear Energy

India's route to 100 GW nuclear power by 2047 may require strategic reforms
 
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