Top Indian Metal & Energy Industry News & Updates - 20 May 2025,Tuesday
Govt. Policy / Industry
SMPK eyes double-digit cargo growth in FY25 as port sees uptick in coal, steel movement
Buoyed by the implementation of multiple mechanisation projects at Haldia and Calcutta, initiation of night navigation support and turnaround in the steel sector following imposition of a safeguard duty to protect domestic industry, Syama Prasad Mookerjee Port, Kolkata is eyeing a double-digit growth in cargo handling in FY25.
SC notice to State, Tata Steel on Jamshedpur township
📝 Steel ministry mulls separate mining vertical of SAIL to boost iron ore output
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Iron & Steel
Tata Steel UK eyes breakeven in FY26, Dutch unit cost comfort: A chat with CFO Koushik Chatterjee
📝 Jindal Stainless aims 30% growth in exports this year
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Aluminium & Copper
📝 Hindalco Industries Q4 Preview: PAT may rise by up to 55% YoY, revenue to jump 12% on higher alumina prices
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Gold / Silver & Bullion
📝 Jewellery demand up as gold falls 7% from peak of Rs 1 lakh per 10 gm
📝 Gold rallies Rs 580 to Rs 97,030/10 gm; silver climbs Rs 500
📝 Government modifies import rules on certain gold, silver items
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Oil & Gas / OMCs
Crude import bill down 17% in April
India’s crude import bill declined by 17% in the first month of FY26, reaching $10.8 billion compared with $13 billion in the year-ago period, according to data from the government’s petroleum planning and analysis cell.
Bolt.Earth announces the adoption of the Type 6 connector for its Blaze DC fast charger
Bengaluru (Karnataka): Bolt.Earth, India's largest EV charging network, has officially adopted the Type 6 connector for its Blaze DC fast chargers -- becoming the first EV charging company to launch a truly universal fast charger for India's growing population of light electric vehicle (LEV).
📝 Petronet LNG's Q4 Results: Profit rises 45% to Rs 1,070 crore despite a drop in utilisation
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Coal / Mining
Draft papers for two CIL arms' IPO to be filed soon: Official
Draft papers for two CIL arms’ IPO to be filed soon: Official
The Financial Express
Coal India to list subsidiaries BCCL and CMPDI “soon”
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Power
Gas-fired power plants asked to ramp up generation
Amid rising demand for power due to soaring temperatures, the government has invoked emergency measures under Section 11 of the Electricity Act, 2003, directing all gas-based power plants to maximise generation during the high-demand summer months.
📝 Power Grid Q4 Results: Cons PAT falls marginally YoY to Rs 4,143 crore, revenue up 2.5%
📝 Delhi's power demand at 7265 MW soars to highest this summer so far
📝 India readies gas power fleet to prevent summer blackouts
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Renewable Energy
Reliance Power teams up with Bhutan for country's largest ever solar energy project at Rs 2000 crore
Reliance Power, Druk Holding to jointly develop 500 MW solar project in Bhutan
The Financial Express
Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO
📝 Inox Green Energy Services ink pacts to provide O&M services for 285 MWp solar projects
📝 TPG-led consortium seeks CCI nod to acquire Siemens Gamesa's wind biz
📝 Waaree Energies gets board nod to acquire Kamath Transformers for Rs 293 crore
📝 Blackstone enters race for Statkraft’s India exit
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Nuclear Energy
📝 Fast breeder reactors may aid nuclear leap
📝 Govt considering amendments to Atomic Energy Act, nuclear liability law
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International
Nippon Steel plans to invest $14 billion in US Steel's operations
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