Rathi Steel and Power Limited awarded Prestigious GreenPro Ecolabel Certification for Sustainable TMT Rebars
New Delhi: Rathi Steel and Power Limited (RSPL), a premier special steel manufacturer in the National Capital Region, proudly announces that it has been awarded the GreenPro ecolabel certification by the Confederation of Indian Industry (CII) for its Rathi Powertech brand of TMT rebars manufactured at its Ghaziabad Unit. This significant milestone establishes RSPL's commitment towards a sustainable and green future.

Evonith Steel to use ₹2,000 cr fundraise to pare debt, complete projects
New Delhi: Evonith Steel will utilize ₹2,000 crore raised from the markets to refinance existing borrowings and support its growth plans, a company official said.

Tata Steel prepares for blue-collar job transitions as iron ore lease expiry nears
Mumbai: With its iron ore mining leases in Jharkhand and Odisha set to expire by 2030, Tata Steel is preparing for a future that could see fewer permanent workers.

JSW Steel, Posco to set up 6 mtpa greenfield plant in Odisha
Mumbai: JSW Steel Ltd's board has approved a joint venture with South Korea’s Posco Group to set up a 6 million tonnes per annum (mtpa) integrated steel plant in Odisha.

Exchange drives up to half of jewellery sales as Indians rotate gold to keep buying
Gold exchanges are no longer merely a distress-driven choice; they are fast becoming the default way Indians buy jewellery. As prices remain elevated, customers are increasingly “rotating” their gold, using existing holdings as a form of currency to stay invested in the category.

Gold demand weakens in March as price volatility triggers buying wariness
High gold, silver prices weigh on trade deficit in 2025-26
The Financial Express

Akshaya Tritiya 2026: Gold, silver trade seen topping Rs 20,000 cr despite record prices and decline in volumes
Gold sales steady on Akshaya Tritiya 
The Financial Express

Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trading at ₹2,74,900
 

US extends waiver on Russian oil sales till May 16
The United States has extended a sanctions waiver on Russian oil sales until May 16, allowing the purchase and transport of crude already loaded on vessels, in a move that offers temporary relief to global buyers amid tight energy supplies.

Ethanol glut spurs flex-fuel demand
New Delhi: With the draft Corporate Average Fuel Efficiency (CAFE-3) norms under discussion, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has urged the government to incorporate stronger incentives for flex-fuel vehicles (FFVs), arguing that the ethanol industry is facing a growing surplus capacity beyond projected E20 demand.

From uncertainty to discovery: Union Minister Hardeep Singh highlights India's 'data-first' strategy to unlock offshore energy wealth
New Delhi: Union Minister Hardeep Singh Puri on Saturday highlighted India's 'data-first' strategy to unlock offshore energy wealth.

India’s March crude oil imports lowest in 5 years as West Asia conflict chokes key transit route
New Delhi: India’s crude oil imports in March were the lowest for the month in last five years as the West Asia conflict, which led to the continued closure of the Strait of Hormuz for more than 50 days and counting, impacted supplies from its largest suppliers in the Middle East Gulf (MEG) region.

India plans E85 flex-fuel vehicle policy push amid West Asia oil risks
New Delhi : The Centre is planning a nationwide policy push to enable the adoption of flex-fuel vehicles (FFVs) that can run on ethanol blends of up to E85 (85% ethanol and 15% petrol), as the West Asia conflict prompts India to explore ways to cut oil import dependence, according to two people aware of the development and a correspondence reviewed by Mint.

How 50 days of Iran war led to the loss of $50 billion worth of oil
Iran’s Foreign Minister Abbas Araqchi said on Friday that the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon, while the US President Donald Trump said he believed a deal to end the war would come “soon”, though the timing remains unclear.

Micro-mining for critical rare earth minerals
Rare earth elements (REEs) are critical to the manufacture and working of electric vehicles, wind turbines and defence equipment. However, mining for these minerals harms the environment, not to mention the lack of mature and patented refining processes in India, unlike in China.

MCX receives SEBI nod to launch new coal exchange subsidiary
 

BHEL Reports Rs 32,350 Crore Turnover in FY26, Order Book Reaches Rs 2.4 Lakh Crore
 

India's renewable energy capacity to reach 359 GW by FY25-30: Jefferies
New Delhi: With geopolitics now driving focus on energy security, Jefferies expects India's renewable energy (RE) capacity to reach 359 GW by FY25-30. The report comes as the country prepares for a significant recovery in power demand following a period of muted growth.

SHANTI Act push: Atomic Energy Commission clears FDI policy, sends it for inter-ministerial consultation
The dilution of the liability clause under the proposed SHANTI Act is expected to boost foreign direct investment (FDI) in India’s nuclear power sector as it opens up to private participation.

Speaking at a high-level workshop on the Act, Seema Jain, Member (Finance), Department of Atomic Energy (DAE), said on Friday the Atomic Energy Commission has approved an FDI policy, which has now been sent for inter-ministerial consultation.

Jain said that achieving the target of 100 gigawatt (GW) of nuclear power capacity by 2047 would require investments of at least Rs 20 lakh crore, assuming a baseline cost of Rs 22 crore per megawatt (MW).

“Now that kind of financing will require all sorts of innovative measures to happen so that you know that kind of money and the financial space is made available for this sector,” she said, adding that initiatives related to banking and FDI are in the pipeline.

The inaugural session of the workshop was also attended by Ghanshyam Prasad, Chairperson of the Central Electricity Authority (CEA); Gurdeep Singh, CMD of NTPC; and Praveen Gupta, Member (E&C), CEA.

Indigenisation of LWR tech future roadmap
As India has mastered Pressurised Heavy Water Reactor (PHWR) technology and achieved criticality in Fast Breeder Reactor (FBR) technology, Jain said the next challenge is the indigenisation of Light Water Reactor (LWR) technology, which dominates the global nuclear fleet.

“….the next challenge for us would be to indigenize that (LWR) technology, not just the design part but also the fuel processing and the other associated elements, the components, the equipment and all of those things so that India emerges as a very, very reliable partner, not just domestically for the Indian industries but also for exporting this technology in the neighborhood,” Jain said.

Nuclear tariff concerns
Delivering the keynote address, CEA Chairperson Ghanshyam Prasad said nuclear power remains the only viable alternative to coal for baseload generation, given its ability to provide stable and clean energy.

However, he flagged concerns over higher tariffs for new nuclear power plants compared to older ones.

“…the tariffs of the old nuclear power plants are right now ranging from 272 to 387 paisa per unit. Which is a very good tariff price. This reminds me of the hydro segment which at the time when you build it, It looks to be higher. But over a period of time you find that it is one of the cheapest sources,” he said.

He said the challenge is going to come from the new plants which are coming up as the tariff of these plants range somewhere around 5.50 to 6.50 paisa per unit. “We will have to take steps to reduce this tariff by way of some measures,” he added.

Prasad also highlighted the need to shorten approval timelines for nuclear projects.

At present, the entire process — including regulatory clearances and implementation — takes around 13 years. He stressed the need to reduce this to about 8–9 years.
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