Top Indian Metal & Energy Industry News & Updates - 13 May 2025,Tuesday
Govt. Policy / Industry
Vedanta exploring critical mineral assets in Maharashtra, Rajasthan, other states
New Delhi, Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Critical minerals are essential for many rapidly growing energy-efficient technologies ranging from wind turbines and electricity networks to electric vehicles. Demand for these materials is growing quickly as energy transitions gather pace.
Centre plans strict timelines, penalties for miners to ensure critical mineral security
India plans to introduce strict timelines and penalties for winners of critical mineral blocks as the government seeks to fast-track the production of elements essential for the country’s transition to clean technology.
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Iron & Steel
JSPL-Bhushan case: Time to rewrite India’s insolvency code?
Few come out smelling of roses from the Supreme Court (SC) ruling that annulled the takeover of Bhushan Power and Steel Ltd (BPSL) by Jindal Steel and Power Ltd (JSPL) and ordered BPSL’s liquidation, using the SC’s special powers to ensure “complete justice" under Article 142 of India’s Constitution.
Tata Steel Q4 Results: Profit doubles by 113% YoY to Rs 1,301 crore, revenue down 4%; Rs 3.60 dividend per share declared
Tata Steel Q4 net profit grows 2.1x to ₹1,201 crore on lower costs
The Hindu Business Line
📝 India proposes retaliatory duties against US on steel, aluminium duties at WTO
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Aluminium & Copper
Vedanta board approves $1.5 billion investment for capacity expansion
Vedanta’s board has approved a $1.5 billion investment for the aluminium capacity expansion. The company is looking to expand its smelters and increase the share of value-added products in its aluminium portfolio.
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Gold / Silver & Bullion
📝 Gold futures tumble Rs 2,553 to Rs 93,965/10 g
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Oil & Gas / OMCs
Smart manufacturing: Engineering the oil & gas transition to net zero
We are living in a defining era for the oil and gas industry where efficiency, innovation, and sustainability are no longer buzzwords but cornerstones of long-term viability. The industry that once symbolized industrial might is now being reimagined as a catalyst for clean energy evolution.
Govt seeks first right to buy oil & gas under exigency clause
The government will hold “pre-emption rights” over all crude oil and natural gas produced in the country in case of a national emergency, the oil ministry said in its latest draft regulations on petroleum and natural gas rules.
📝 Foreign oil firms may get overseas arbitration option
📝 Oil prices climb 2% to two-week high on US-China tariff reductions
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Coal / Mining
📝 Coal to Clean: Adani rolls out India’s 1st hydrogen-powered mining truck
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Power
Adani Power bags 1500 MW power project deal from UP Govt
Adani Power shares went up by 6.7 percent on Monday after the company received a letter of award (LOA) from the Uttar Pradesh Power Corporation for 1500 MW procurement. This is for a new thermal power project of 1600 MW (2*800 MW) installed capacity. The power supply contract is for a period of 25 years.
📝 Electricity bills of power consumers in Delhi to be hiked by 7-10% in May-June period
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Renewable Energy
Why head rolls at SECI while RE sector is booming
The Centre’s decision to terminate the services of Rameshwar Prasad Gupta, chairman & managing director (CMD) of the Solar Energy Corporation of India (SECI) could be a case of delayed retribution. While the government did not cite any reason for the move, the suspension of Gupta’s services “with immediate effect” just as only a month was left in his tenure, came in the backdrop of a raft of controversies around the public-sector nodal agency.
Reliance NU Energies bags 350 MW solar project from SJVN
Reliance Power subsidiary bags 350 MW solar and 175 MW/700 MWh energy storage project from SJVN
The Financial Express
ACME Solar commissions 52.5 MW in Rajasthan as part of Larger 300 MW project
Data Focus. Energy shortfall shrinks to 0.1% as green power grows
MNRE Secretary to hold additional post of SECI CMD
📝 BluPine Energy to raise Rs 376 cr debt for solar project in Gujarat
📝 ReNew Power to invest Rs 22,000 crore in renewable projects in Andhra Pradesh
📝 Centre terminates services of CMD of Solar Energy Corporation of India
📝 Vikram Solar to supply 326 MW solar modules for Gujarat's renewable energy park project
📝 GVK Energy admitted to NCLT against IDBI’s Plea
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