Top Indian Metal & Energy Industry News & Updates - 24 May 2025,Saturday

Govt. Policy / Industry

📝  Vedanta to invest Rs 30,000 crore in Northeast in oil & gas, critical minerals and other sectors
📝  India & Russia eye collaboration on nuclear energy, cybersecurity
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Iron & Steel

JSW Steel: Compensation from creditors enough to cover for Bhushan Power assets
Mumbai:JSW Steel Ltd expects to be compensated adequately if Bhushan Power & Steel Ltd (BPSL) goes into liquidation after the Supreme Courtscrapped its resolution plan for the bankrupt company.
Weak steel prices weigh on JSW Steel’s Q4 revenue
 
Karnataka’s Visvesvaraya Iron & Steel Plant set for ₹8,000-₹10,000 cr revival package: Kumaraswamy
 
📝  JSW Steel evaluating legal options for troubled BPSL assets
📝  Tata Steel shares in focus after company unveils Rs 27,000-crore Kalinganagar expansion, boosts capacity to 8MT
📝  JSW Steel Q4 Results: PAT rises 16% YoY to Rs 1,503 crore, revenue falls 3%
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Aluminium & Copper

India right in protecting its domestic industry, tapping into NE: Vedanta Chairman
 
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Gold / Silver & Bullion

📝  De Beers pushes for zero-tariff entry of cut and polished Indian diamonds into US
📝  Why high gold prices are making both banks and borrowers smile
📝  Gold rises Rs 100 to Rs 98,750 per 10g amid firm global trends
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Oil & Gas / OMCs

Union minister Hardeep Puri chairs consultative committee meeting on petroleum & natural gas
New Delhi: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri chaired the meeting of the Consultative Committee of the Ministry of Petroleum and Natural Gas in Haryana's Manesar on Friday, the Ministry of Petroleum & Natural Gas said in a release.
Watt next? EV charging stn at every 5km stretch
New Delhi: Delhi govt’s next electric vehicle policy will focus on strengthening the city’s charging infrastructure, job creation and faster adoption of green mobility. Sources in the transport department said that the next policy was likely to target setting up low-cost, fast EV charging stations at every five-kilometre stretch across the capital.
 
📝  Fossil fuels key in global energy mix: Power minister Manohar Lal
📝  Saudi Aramco considers asset sales to free up funds: Sources
📝  Crude drop, rise in margins bode well for OMCs: Goldman Sachs
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Coal / Mining

Coal exchange: Cabinet note ready to amend MMDR Act
In a move to set up a coal trading exchange, the ministry of coal has prepared and circulated a draft note for the cabinet for amendment to the Mines & Minerals (Development & Regulations) Act, 1957, the coal ministry said.
Coal ministry to auction 25 commercial mines in FY26 to boost output
 
📝  Internal accruals may fund roughly half of Vedanta’s $20 billion expansion plan: Anil Agarwal
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Power

📝  SJVN to supply 200 MW power to DVC from hydro project in Nepal
📝  India’s power transmission body flags regulatory hurdles in equipment procurement
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Renewable Energy

Adani Group to double investment in North East, to invest Rs 1 lakh cr: Gautam Adani
Adani Group to double investment in Northeast
The Pioneer
Solar stocks slip: Waaree Energies falls 10%, Premier Energies sheds 5% – What’s behind the drop?

Indian clean energy stocks took a hit on Friday morning as the share price of Waaree Energies slumped over 10%, while the Premier Energies’ share price dropped more than 5% in early trade. The sharp fall came on the heels of a deep sell-off in US-based solar and clean energy stocks overnight, triggered by a controversial new tax bill that could roll back critical subsidies for the sector.
📝  Paradox of India’s energy transition - Coal phase out or renewables phase in!
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Nuclear Energy

📝  Work on ideal power mix, add nuclear capacity: Manohar Lal to States
📝  Eye on nuclear energy mission, NPCIL looks to speed up capacity addition
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International

📝  Chile taps Rio Tinto for second major lithium project
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Economy

Markets end higher: Nifty closes above 24,850, Sensex soars 750 points; Eternal, Power Grid, ITC among top gainers – 5 key highlights
The Indian headline indices, Sensex and Nifty, closed Friday’s trading session in the green, with both benchmarks registering intraday gains of nearly 1%. At close, the Sensex settled at 81,721.08, rising 769.09 points or 0.95%, while the Nifty ended at 24,853.15, up by 243.45 points or 0.99%.
Net FDI into India plunges by 96.5% to an all-time-low due to increased repatriation
Net foreign direct investment (FDI) into India fell by 96.5% in the financial year 2024-25, according to data from the Reserve Bank of India (RBI). The net FDI stood at just $353 million, the lowest ever, compared to $10 billion in FY24.
Corporate fixed assets register strong investment growth in FY25, led by Consumer, Pharma, and Infra Sectors: BoB Report
 
📝  Rupee soars with Asian peers to post best day in over 2 years
📝  India's forex reserves fall by $4.88 bn, now at $685.73 bn
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