Steel prices rise as safeguard duty, rising exports push rates up
The latest round of price hike happened on Friday with some steel mills increasing hot rolled coil (HRC) prices by ₹500-750 a tonne, according to price reporting and market intelligence firm BigMint. HRC is a benchmark for flat steel. “This is the second price hike this mo­nth, other mills are also expected to follow suit,” Hemant Dewangan, assistant general manager, steel-operations, at BigMint said.

India pushes for easier access to European Union’s steel scrap
 

NALCO accelerates overseas push for lithium and critical minerals to secure future supply chains
Bhubaneswar: State-run National Aluminium Company Ltd (NALCO) is fast-tracking its overseas strategy to explore and produce lithium and other critical minerals, aiming to secure long-term supply amid rising demand and tightening global availability, Chairman and Managing Director Brijendra Pratap Singh told ANI.

Aluminium sector is not yet ready for green transition: NALCO CMD
Against the backdrop of the European Union’s imposition of the Carbon Border Adjustment Mechanism, India’s aluminium sector is not yet ready for green aluminium, BRIJENDRA PRATAP SINGH, chairman and managing director, National Aluminium Company Ltd (NALCO) said in an interview with The Indian Express.

GAIL’s Srikakulam–Angul gas pipeline connects India’s energy heartland with eastern coast
New Delhi: State-run GAIL’s Srikakulam–Angul pipeline (SAPL) for transporting natural gas is an exercise to re-engineer India’s energy map, by connecting the eastern and western supply sources, while strengthening the National Gas Grid (NGG) with new operational flexibility. The SAPL is part of GAIL’s efforts to strengthen the National Gas Grid. Besides SAPL, the other critical pipeline projects include the Mumbai–Nagpur–Jharsuguda Pipeline (MNJPL) and the Gurdaspur–Jammu Pipeline (GJPL).

EIL achieves longest horizontal drilling across Brahmaputra river
New Delhi: State-run Engineers India (EIL) on Saturday said that it has achieved the most remarkable milestone with the pullback of the Brahmaputra HDD crossing of 4,058 meters—the longest ever Horizontal Directional Drilling (HDD) crossing in the world of 26 inch pipeline diameter. This historic accomplishment surpasses EIL’s own earlier record of 4,027 meters at the Ganga River, achieved under the same project, reaffirming EIL’s engineering excellence, innovation and execution capability in the most challenging terrains, the company said.

Oil India commences critical mineral exploration in Arunachal and advances Andaman oil appraisal
The Andaman Nicobar Basin has now established that it is a “petroliferous basin” and the presence of hydrocarbons has opened up new vista of confidence for India, Oil India CMD Ranjit Rath said here on Sunday. 

Blasé Capital BLACK GOLD
It is possibly one of the most successful IPOs (Initial Public Offerings) in the recent past. As the shares of Bharat Coking Coal will be listed on the exchanges today, the interest has shifted from the huge oversubscription to the listing gains on the first day. Few issues received such attention from both retail and institutional investors. Despite the small size of the issue, `1,000 crore or so, the amount bid for was more than INR1,00,000 crore. The qualified institutions’ portion was subscribed by more than 300 times. The retail one received money that was nearly 50 times more than its share. Throughout the pre-IPO, and IPO periods, the grey market, which is indicative of a possible listing price, gave it a huge thumbs up, with a premium of 50-60 per cent. At last count, the share was expected to list INR13 over its INR23 upper offer price.

Power sector regulator CERC’s proposal to revamp transmission connectivity faces pushback from renewable energy industry
New Delhi: Private developers and other power sector stakeholders have raised concerns over proposals by the Central Electricity Regulatory Commission (CERC) to revamp the framework for granting transmission connectivity to future renewable energy projects.

After years in the red, power discoms post Rs 2,701 crore profit
For the first time in several years, the country’s power distribution utilities have reported a consolidated profit, marking a shift in a sector that has long struggled with structural inefficiencies and financial stress.

CG Power bags ₹900 crore US data centre order, enters global market
Chennai: CG Power and Industrial Solutions Limited (CG), a leading engineering conglomerate, has secured an order valued at around ₹900 crore ($99.2M) from Tallgrass Integrated Logistics Solutions LLC, US, for a large-scale data center project in the US. This order represents a strategic milestone, marking CG’s entry into the global data center segment, one of the fastest-growing segments, says a release.

Green Energy Seva Records strong growth in Solar EPC and franchise operations across India