Top Indian Metal & Energy Industry News & Updates - 08 May 2025,Thursday
Govt. Policy / Industry
PNB may seek BPSL review as lenders mull options after Supreme Corut orders liquidation
Lenders of Bhushan Power and Steel (BPSL) will huddle in the next 2-3 days to decide on the future course of action, including the option of seeking a review of the Supreme Court verdict last week to set aside the resolution plan of JSW Steel and order liquidation of the company.
📝 FinMin to support lenders in reviewing SC JSW steel order
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Iron & Steel
📝 Local procurement mandated for industrial boilers in govt tenders
📝 Welspun Corp secures Rs 1,950 crore order for pipe, bend supply
📝 Along with the Bhushan Power and Steel, JSW Steel case, RP under the spotlight, too
📝 Bhushan Steel lenders to take a call on course of action soon
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Aluminium & Copper
Indian aluminium sector shows resilience amid global trade turbulence
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Gold / Silver & Bullion
Gold prices fall in India amid global trends and geopolitical tensions
📝 India eyes $2.5 billion jewellery exports to UK after FTA
📝 Gold rallies Rs 1,000 to reclaim Rs 1 lakh/10 gm amid cross-border tensions
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Oil & Gas / OMCs
HPCL profit rises 26% at Rs 3,415 cr
Hindustan Petroleum (HPCL) on Tuesday reported a 26% jump in its consolidated net profit in the March quarter on improved marketing margins. The profit came in at Rs 3,415.44 crore from Rs 2,709.31 crore in the corresponding period of the previous fiscal.
📝 India to save Rs 1.8 lakh cr on import bill on softening global oil prices
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Coal / Mining
Govt eases norms for coal supply to thermal units as power deficit looms
The government has taken a fresh set of measures to ease the supply of coal to thermal power plants, as part of its efforts to avert a looming electricity supply deficit amid rapidly rising demand in the current and the coming summer seasons.
Coal India Q4 Results: Profit rises 12% YoY to Rs 9,593 crore; Co declares Rs 5.15 per share as final dividend for FY25
Coal India announces dividend: Check record date, Payout timeline, other key details
The Financial Express
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Power
📝 CCEA approves revised SHAKTI scheme for allocation of coal to power plants
📝 RattanIndia Power Q3 Results: Net profit nosedives to Rs 125.94 crore
📝 Tata Motors, Torrent Power plants take part in mock drill in Ahmedabad
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Renewable Energy
NLC India Renewables signs power purchase pact for 810 MW solar power project
This flagship project at Pugal Solar Park in Bikaner district marks a milestone in NLC India (NLCIL)‘s journey towards becoming a player in the renewable energy space. NIRL is its RE arm.
📝 Solex Energy bags Rs 451 cr order from KPI Green Energy
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International
📝 TurkStream gas pipeline could slow EU, Russia decoupling: Vladimirov
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