Top Indian Metal & Energy Industry News & Updates - 22 May 2025,Thursday
Govt. Policy / Industry
📝 IREDA moves debt recovery tribunal against Gensol entities for over Rs 729 crore default
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Iron & Steel
Tata Steel scripts a turnaround for NINL, expansion plan afoot
Plans are afoot to ramp up capacities by nearly 450 per cent to 5.5 mtpa (million tonnes per annum); proposals regarding this is under consideration. It “will be taken up with the board soon”.
📝 JSW Steel faces tax benefit reversal after Supreme Court scraps Bhushan Power takeover
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Aluminium & Copper
India to seek lithium and copper under new trade tie from Chile to power clean energy and industrial growth, says experts
New Delhi: India may seek a stable supply of lithium and copper through the expanded new trade tie with Chile to boost its clean energy targets and industrial growth says experts.
📝 Nalco Q4 Results: Profit shoots up twofold to Rs 2,067 crore on strong aluminium prices
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Gold / Silver & Bullion
Despite fewer US rate cuts expected, gold prices are likely to go higher
📝 Gold futures rise ₹824 to ₹95,665/10g
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Other Metals
📝 Hindustan Zinc offers metal buying through online auctions
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Oil & Gas / OMCs
Oil prices climb after CNN report that Israel may attack Iran
📝 India's Russian oil imports hit 10-month high on strong demand for ESPO crude
📝 Exxon, BP & Shell explore tieup with ONGC in KG block
📝 ONGC Q4 profit drops 35% to Rs 6,448 cr on higher exploratory costs write-off
📝 Oil India Q4 Results: Profit falls 21% on lower oil prices
📝 India to play crucial role in global oil demand growth: S&P Global
📝 Continental Petroleums Q4 Results: Profit down 76% to Rs 34 lakh
📝 With output hikes, OPEC+ again targets U.S. shale oil
📝 Beware! Petrol pumps to refuse fuel to these vehicles from July 1: Here's why
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Coal / Mining
NTPC Mining Ltd and CSIR-IMMT sign MoU to Advance Critical Minerals Research and Development
📝 Coal India shares in focus after two subsidiaries to file for IPO
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Power
PESB finds no suitable candidate for NTPC Chairman and Managing Director post
The Public Enterprise Selection Board (PESB) on Wednesday announced that none of the dozen candidates interviewed for the role of chairman and managing director (CMD) of NTPC, India’s largest power producer, were found suitable. This marks another setback for the government’s efforts to fill top positions at public sector undertakings (PSUs).
Continental Petroleums Q4 profit down 76 pc to ₹34 lakh
New Delhi: Continental Petroleums on Wednesday said its net profit plunged nearly 76 per cent to ₹34 lakh in March quarter due to heightened price fluctuations, softer export demand, and tariff-related pressures.
NHPC Q4 profit rises 52% in Q4 to ₹919 crore; FY25 profit slips 15%
However, for the entire FY25, the net profit declined by around 15 per cent to ₹3,411.73 crore, from ₹3,999.54 crore in FY24. The company’s board has recommended a final dividend of ₹0.51 per equity share of face value ₹10 for the financial year 2024–25, subject to shareholders’ approval at the upcoming Annual General Meeting. This is in addition to the interim dividend of Rs 1.40 per equity share for the FY 2024-25 paid in March 2025.
📝 Delhi's power demand peaks at 7748 MW; likely to cross 9000 MW mark
📝 Maharatna PSU Powergrid projects capex of over Rs 3 lakh crore by 2032
📝 India trims gas-based power generation capacity to 20.13 GW as of April
📝 Power Finance Corporation Q4 Results: Cons PAT jumps 11% to Rs 8,358 crore, NII surges 38%; dividend declared
📝 NHPC Q4 profit rises 52 pc in Q4 to Rs 919 crore; FY25 profit slips 15%
📝 PFC declares Gensol as fraud, to approach NCLT if recovery falls short
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Renewable Energy
ACME Solar commissions 112.5 MW in Rajasthan, boosts operational capacity to 2,705 MW
ACME Solar Holdings Ltd has commissioned an additional 112.5 MW at its Sikar Solar Power Project in Bikaner, Rajasthan, the company announced on May 20. This latest addition follows the commissioning of 52.5 MW in early May, bringing the project’s total operational capacity to 165 MW out of the planned 300 MW.
India's biofuels sector could assist energy transition says S&P Global
Azure Power explores green energy JV
📝 Adani Green Energy operational renewable energy capacity increases to 14,528.4 MW
📝 Inox Green Energy Services inks pacts to provide O&M services for 639 MWp of solar projects
📝 NTPC Green Energy Q4 Results: Net profit grows three-fold to Rs 233 crore
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International
📝 Nippon Steel still committed to full US Steel takeover
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