Top Indian Metal & Energy Industry News & Updates - 28 May 2025,Wednesday
Govt. Policy / Industry
📝 Delhi HC seeks Centre’s reply on Tata Steel’s Rs 757 cr Coal Block claim in Odisha
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Iron & Steel
Steel ministry backs extending import curbs on met coke: Sources
India’s steel ministry favours extending import curbs on low-ash metallurgical coke because there are sufficient domestic supplies, a source familiar with the matter said, dealing a blow to steelmakers who oppose restrictions on overseas purchases.
ESL Steel Limited hosts Industrial visit for MBA students from VBCM
Steelmaker SSAB, the manufacturer of Hardox® Wear plate, cracks down on trademark infringement in India
📝 Indian steel tycoon’s pathway to $74 million Mozambique coal deal reopens
📝 'Melt and Pour' rule notified for govt steel projects
📝 AM/NS India to get Rs 28,000 crore sop from Andhra Pradesh for new steel plant
📝 Tata Steel advances green steelmaking plans through major crane project
📝 Venus Pipes & Tubes Q4 Results: Profit at Rs 23.7 cr, revenue rises 15% to Rs 258 cr
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Aluminium & Copper
📝 Green energy, EV push to fuel local copper demand: Hind Copper MD
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Gold / Silver & Bullion
CaratLane’s expansion slows, plans 40 outlets this fiscal
📝 Silver jewellery sales drive US retail growth; Indian exporters eye growth: Survey
📝 Gold snaps 4-day winning streak; declines Rs 800 to Rs 98,500/10 g
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Other Metals
📝 Commodity Radar: Initiate long position on MCX Zinc futures for this target
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Oil & Gas / OMCs
The oil market has a bigger problem than a slowing China – India
India is the stuff of dreams for OPEC and Big Oil: a rapidly developing nation of nearly 1.5 billion people where petroleum consumption is still in its infancy. It’s the next China — so the theory goes. Perhaps one day, but in 2025 it’s still the stuff of dreams.
📝 Delhi energy mix tilts to petrol, CNG, EVs as diesel demand falls 9% in FY25
📝 Chennai Petroleum Corporation gets govt nod for foray into retail marketing of petrol, diesel
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Alternative Fuels
📝 Coal India, HZL among successful bidders in 5th round of critical mineral block auction
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Coal / Mining
Over Rs 60,000 crore saved in foreign exchange as coal imports drop 7.9%
India saved Rs 60,681 crore or $7.93 billion in foreign exchange after the country’s coal imports fell by 7.9 percent in the financial year 2025. India’s total coal import stood at 243 million metric tonnes in FY25, which was about 21 million metric tonnes lower than the FY24.
📝 NMDC FY25 consolidated net profit 17% up at Rs 6,538 crore; auditor flags retrospective levy by Karnataka government
📝 Coal India arm CMPDI files DRHP with Sebi for an IPO
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Power
Diamond Power CFO Vinod Jain resigns ahead of Q4 results
The board has approved the appointment of Samir Naik, General Manager - Corporate Finance of the company, as the Interim Chief Financial Officer of the Company with effect from May 28, 2025, based on the recommendation of Audit Committee and Nomination and Remuneration Committee till the time a new CFO is appointed by the Board, the company said in an exchange filing.
Slow capacity addition likely to weigh on NTPC's growth prospects
📝 Decline of 7.9% in coal imports in FY25 results in foreign exchange savings of Rs 60,682 cr
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Renewable Energy
With its Rs 950 crore expansion plan, Borosil Renewables aims to grow its market share to 60%
Capitalizing on India’s burgeoning solar industry, solar glass manufacturer Borosil Renewables aims to capture 60% of the country’s domestic market, which is predicted to grow at a CAGR of 7.60% from 2025 to 2033 and reach 990.46 thousand tons.
📝 British International Investment seeks CCI nod to acquire stake in ReNew Photovoltaics
📝 Andhra Pradesh plans green energy corridor worth ₹28,400 cr
📝 Raja Khas becomes Himachal's first solar model village
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International
📝 China steel subsidies 'distort' global market: OECD
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