Top Indian Metal & Energy Industry News & Updates - 16 May 2025,Friday
Govt. Policy / Industry
Petro Carbon and Chemicals Limited enhances industry presence with strategic infrastructure expansion
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Iron & Steel
Manaksia Coated Metals & Industries reports Rs790 cr total income & Rs15 cr net profit in FY25
Q4 FY25 Consolidated Financial Highlights
In talks with Government to introduce protection measures for stainless steel: Abhyuday Jindal
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Aluminium & Copper
Aluminium futures breaks out of a barrier
Aluminium futures has seen a sharp rise in price over the last week. On Wednesday, it closed at ₹243.95/kg.
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Gold / Silver & Bullion
📝 Gold plunges Rs 1,800 to Rs 95,050/10 gm amid weak global demand
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Oil & Gas / OMCs
OPEC sees India's oil demand rising 3.4% in 2025, double the pace of China
Source Credit: PTI, The Economic Times
India's oil demand is expected to grow at the fastest pace among major economies and double the rate of rise in China in 2025 and 2026, oil cartel OPEC said in its latest global outlook. India's oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world's fastest growing economy.
Govt to install 360kW charging points on highways for heavy-duty EVs
In order to boost the electric vehicle (EV) ecosystem in India, the Central Government will install high-capacity 360 kW charging stations, along highways, expressways, and bus stops. This charging infrastructure will immensely help commercial vehicles like electric buses and trucks as well as premium and luxury EVs from Jaguar Land Rover, Audi, Mercedes-Benz, etc.
📝 US becomes India's 4th largest crude oil supplier in April
📝 Mukesh Ambani's Reliance gets $2.9 bn in biggest India loan since 2023
📝 Plugged in! 40% of India’s EV power usage is in Delhi
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Opec
OPEC expects India's oil demand to rise 3.4% in 2025, double the pace of China
India's oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world's fastest growing economy.
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Coal / Mining
Thermal coal imports down 5% in FY25 as production improves
India’s import of non-coking coal used by thermal power stations reduced by 5.04% to 167.10 million tonnes in the financial year 2024-25 against 175.96 million tonnes in FY24, according to the latest data by the coal ministry.
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Power
📝 JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030
📝 Kalpataru Projects secures new orders worth Rs 2,372-cr in power and building segments
📝 JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
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Renewable Energy
Sungrow secures 835 MW inverter order from Juniper Green Energy, accelerating India's renewable expansion
📝 Serentica, BlackRock, Sembcorp lead the race to buy Statkraft India
📝 Solfin crosses a key milestone by disbursing over Rs 100 crore in solar loans in less than a year
📝 SJVN begins commercial operations of 78.23 MW capacity at Bikaner solar project
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