Top Indian Metal & Energy Industry News & Updates - 27 May 2025,Tuesday
Govt. Policy / Industry
📝 India’s $1 billion clean fuel gets gateway to Europe as AM Green ties up with Port of Rotterdam
📝 AM Green, Rotterdam Port sign pact for green energy supply chain
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Iron & Steel
SC orders status quo on liquidation of Bhushan Power as JSW Steel seeks to halt proceedings
SC halts BPSL liquidation to allow JSW Steel review plea
The Financial Express
NMDC kicks off index-based iron ore pricing; ₹12,000 crore capex plans underway
In a review meeting of the Steel Ministry held earlier this month, NMDC said it started index-based iron ore pricing “on a trial basis,” as per documents presented to the Ministry, and seen by businessline. “This transition to index-based pricing aligns our market offerings more closely with international benchmarks and enhances transparency for our stakeholders,” it was said during the performance briefing. The newly adopted pricing mechanism ties NMDC’s rates to the global Platts IODEX index, adjusted for currency fluctuations and weighted against recent domestic auction prices.
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Gold / Silver & Bullion
Gold climbs Rs 550 to Rs 99,300 per 10g; silver rallies Rs 1,170
New Delhi: Gold prices rose by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday on persistent buying by jewellers and retailers, according to the All India Sarafa Association.
Gold eyes USD 4,800-8,900 by 2029, depending on inflation trends: Report
New Delhi: Gold is in a long-term bull market, with price targets of USD 4,000-5,000 in the medium term and potential highs of USD 8,900 by 2030, according to "Gold We Trust Report 2025" by Liechtenstein-based investment and asset management firm Incrementum.
📝 PC Jewellers turns profitable, posts Q4 net profit at Rs 94.78 cr
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Other Metals
📝 Avoid metals segment for now despite decent results: Sandip Sabharwal
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Oil & Gas / OMCs
Now, an EV dashboard to help motorists locate charging stations across Kolkata
The portal was recently launched at an energy conclave in Kolkata and aims to bridge the critical information gap about charging infrastructure for both residents and incoming EV traffic from neighbouring districts such as Howrah, North and South 24 Parganas. The real-time dashboard offers an interactive map displaying 166 existing charging stations for over 15,000 registered EVs in Kolkata. However, TERI officials caution that the real number of electric vehicles in the city is likely much higher, as a large portion of e-rickshaws and low-speed two-wheelers — travelling under 25 kmph — do not fall under the registered category and remain undocumented.
MTDC plans to install EV charging points across state
The Maharashtra Tourism Development Corporation (MTDC), in order to support tourism and encourage the use of electric vehicles, is installing EV charging stations at its Boat Club and Grape Park resorts, both situated on the Gangapur dam backwaters near Nashik.
Oil climbs after Trump extends EU trade talks deadline to July
Oil prices gained in early Asian trade on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hurt the global economy and fuel demand.
ONGC-led JV production resumes from offshore block in Cauvery Basin
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Opec
📝 OPEC+ expected to open taps more despite price slump
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Coal / Mining
From roads to mining: How an engineering company has quietly built a coal empire
Dilip Buildcon Ltd, India’s eighth-largest engineering, procurement and construction (EPC) company, now gets more than a fourth of its total business and about a third of its profits from coal mining. The development has helped the company offset a slowdown in the roadway construction business.
📝 Hindalco eyes up to Rs 8,000 crore in capex spending this fiscal
📝 India's mining, construction equipment sector likely to reach USD 45 billion by 2030: Report
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Power
📝 Telangana govt aims to generate 20,000 MW green power by FY30: Dy CM Vikramarka
📝 PTC India net profit jumps 4-fold to Rs 372 cr in Q4
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Renewable Energy
India’s renewable energy capacity increased 3X in last ten years: Report
India’s renewable energy capacity has increased from 75 GW in March 2014 to 232 GW in 2025, says a report by PTI. The largest increase in renewable energy capacity is seen in solar power capacity, which has increased from 2.8 GW in 2014 to 108 GW in 2025. The increased capacity also includes the addition of hydropower.
AM Green, Port of Rotterdam Authority ink MoU
Patnaik Energy Group, announces first ever smart swap compatible portable power solutions across India and beyond
India's grid gears up to face growing 'too much' green energy risk
📝 Andhra Pradesh leads solar manufacturing push, Jupiter plans Rs 2,700 cr facility
📝 MCA, Sebi discuss probe into Gensol Engineering
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International
📝 How Nippon Steel negotiator stuck at U.S. merger
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