The plant will have a designed capacity of 2.5 million tons of direct reduced iron and 1.5 million tons of thick plate annually.

The country's hard coal consumption jumped by 19 percent and 10 percent, respectively, in 2021 and 2022.

The complex is expected to advance the regional steel industry ecosystem with an estimated annual production capacity of up to 1.5 million tons.

IMPALA Platinum (Implats) said refined platinum group metal (PGM) production would come in at the lower end of its three to 3.15 million ounce forecast for the 2023 financial year ended June 30 largely owing to power interruptions.

Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins.

From the perspective of policy measures, the immediate task is to boost confidence of market entities rather than implement a strong stimulus.

Renewable energy use, low season, curbs on inflows, green drive factors.

Shanxi's raw coal output accounted for about 29 percent of the country's total in the first quarter.