Top Indian Metal & Energy Industry News & Updates - 21 May 2025,Wednesday
Govt. Policy / Industry
Built in 90 days with tons of steel, Wootz delivers a cultural marvel in steel
📝 RIL moves Supreme Court against Delhi HC ruling in $1.73 billion gas dispute with ONGC
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Iron & Steel
📝 JSW Steel faces tax benefit reversal after Supreme Court scraps Bhushan Power takeover
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Aluminium & Copper
Hindalco's India performance topped out, bets on Novelis as it caps a record FY25
Mumbai: Elevated aluminium and copper prices drove Hindalco Industries Ltd’s FY25 revenue and profit to a record high, more than offsetting the tepid performance of its US-based subsidiary Novelis, which battled high input costs. The record performance has also set the performance bar too high for the company to repeat in FY26.
Hindalco Q4 Results: Cons PAT surges 66% YoY to Rs 5,283 crore; revenue rises 16%
Hindalco PAT up 66% in Q4
The Financial Express
India ops, cost control lift Hindalco’s Q4 revenue, profit
📝 Vedanta Chairman Anil Agarwal calls for safeguard duty on aluminium imports
📝 ₹8,000 crore India capex on cards for FY26: Hindalco's Satish Pai
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Gold / Silver & Bullion
Equity surge takes sheen off gold, prices fall 7% from peak
Mumbai: The ongoing riskon rally in global markets, after geopolitical and tariff-related uncertainties subsided in the last few days, led to a correction in the price of gold, which is down about 6-7% from its all-time peak of $3,500/ounce level.
📝 Gold falls Rs 490 to Rs 96,540 per 10 gm; silver declines by Rs 1,000 per kg
📝 Gold futures decline on weak global cues
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Oil & Gas / OMCs
Cameras installed at Delhi fuel pumps to detect overage vehicles: Report
The Delhi government announced on Sunday that, starting July 1, overage vehicles will no longer be allowed to refuel at petrol stations. Officials stated that the installation of cameras at fuel stations to identify such vehicles is nearly complete.
With India nearing 20% target of ethanol blending, Bio-CNG adoption needs stronger push: S&P Global
📝 Fossil fuels key in global energy mix: Power minister Manohar Lal
📝 Exxon, BP & Shell explore tieup with ONGC in KG block
📝 ‘We have withstood headwinds to expand logistics business, exports a key focus,’ says Adhip Nath Palchaudhuri, CMD, Balmer Lawrie
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Power
NHPC Q4 Results: Net profit rises 29% to ₹894 crore, revenue doubles by 114% YoY; Dividend declared
NHPC Q4 Results: NHPC reported a 52 per cent growth in its consolidated net profit to ₹919.63 crore in the March quarter on the back of higher income. It posted a net profit of ₹605 crore in the January-March period of the preceding 2023-24 fiscal, the company said in an exchange filing. NHPC increased its income to ₹2,672.11 crore from ₹2,320.18 crore in the same quarter a year ago.
Solar Industries India Limited posted highest ever yearly revenue, profits with orderbook of Rs 17000 crore in FY 2025
POWERGRID posts PAT of Rs 15,521 crore
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Renewable Energy
ACME Solar Holdings posts ₹122 cr profit in Q4FY25
However, its profit was higher by 9 per cent on a sequential basis.
BRICS nations call for increased financing for energy transition
📝 JSW Energy to invest Rs 14,000 cr to expand renewable energy capacity of Oxygen Power
📝 Delhi Cabinet approves Rs 30,000 subsidy for 3 kW solar panels on rooftops
📝 K P Energy gets transmission link for its 100MW wind project
📝 KPI Green Energy gets transmission connectivity for subsi's 642.6 MW wind project
📝 CleanMax Enviro plans Rs 5,000 cr IPO to boost renewable energy growth
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Nuclear Energy
📝 India may allow up to 49% foreign direct investment in nuclear energy in phases
📝 Fast breeder reactors may aid nuclear leap
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