Top Indian Metal & Energy Industry News & Updates - 06 May 2024,Monday

Govt. Policy / Industry

TSSEZL, Hygenco ink pact for setting up green ammonia & green hydrogen project in Odisha
Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) on Friday inked a memorandum of understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL's Gopalpur Industrial Park (GIP) in Odisha's Ganjam district. Under the agreement, Hygenco will acquire land in Ganjam district to establish its green hydrogen, green ammonia, and derivatives unit, according to the agreement.
📝  REC gets RBI nod to set up subsidiary in GIFT City
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Gold / Silver & Bullion

Titan Company Q4 Results Live : profit rise by 5.62% YOY
Titan Company Q4 Results Live : Titan Company declared their Q4 results on 03 May, 2024. The topline increased by 20.6% & the profit increased by 5.62% YoY.
Titan had just 3 CEOs in 40 years. Who will be the fourth?
Titan Co. Ltd will soon begin the search for a new CEO, the fourth in its 40-year-history, with three internal candidates seen as favourites before the current boss leaves at the end of next year.
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 71,820

The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,840.
 
📝  Gold jewellery rates of Kalyan Jewellers, Tanishq, Malabar Gold
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Oil & Gas / OMCs

NCRTC's 1st electric vehicle charging station operational at Sahibabad RRTS

New Delhi: The National Capital Region Transport Corporation's (NCRTC) first Electric Vehicle (EV) Charging Station at Sahibabad RRTS station in Ghaziabad has been made operational, a statement said on Sunday.
 
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Coal / Mining

📝   Mining output growth hit 19-month low of 1.2% in signal for March IIP
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Power

📝  Pre-emptive steps, better planning help meet peak power demand in April
📝  Thermal power plants have 68pc of normative coal stocks: Govt Data
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Renewable Energy

Inox Wind eyes profitability on full year basis in FY25
Wind energy solutions provider Inox Wind is looking to become profitable on a full year basis in the current financial year.
Tata Power Renewable Energy signs pact with SJVN for 460 MW clean energy project
Tata Power Renewable Energy Ltd (TPREL) on Saturday said it has signed an agreement with state-owned SJVN Ltd to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project. An FDRE plant enables round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their Renewable Purchase Obligations (RPOs) and Energy Storage Obligations (ESOs).
Grid infra, HVDC transmission major bottlenecks to meet renewable target: Vineet Mittal
India added a record 18 GW renewable energy capacity in FY24 and needs to add 50 GW each year to meet the ambitious target of 500 GW by 2030. In an interview with Aggam Walia, Vineet Mittal, Chairman, Avaada Group, expands on challenges in adding renewable capacity, gives an overview of domestic manufacturing of solar PV modules, and endorses the economic viability of energy storage systems.
Adani Green Energy Q4 Results Live : profit falls by 70.41% YOY
Adani Green Energy Q4 Results Live : Adani Green Energy declared their Q4 results on 03 May, 2024. The topline decreased by 2.73% & the profit decreased by 70.41% YoY. As compared to the previous quarter the revenue grew by 9.35% and the profit decreased by 41.41%.
📝  Mahindra Susten draws up plan to step up its green energy play, plans to invest ₹21,000 cr in next 5 years
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