Top Indian Metal & Energy Industry News & Updates - 08 Dec 2025,Monday
Govt. Policy / Industry
Govt urges lenders to deepen investment in solar manufacturing
The Ministry of New and Renewable Energy (MNRE) has urged financial institutions to take a calibrated approach when funding solar projects, while also exploring and expanding their solar PV manufacturing portfolios.
📝 Govt clarifies on solar financing after oversupply concerns; Ministry says no lending freeze
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Iron & Steel
SAIL moves into key phase of IISCO expansion with blast furnace contract awarded
The Steel Authority of India Ltd has tendered out the blast furnace package tied to the planned expansion of its IISCO Steel Plant in Burnpur, signalling that the ₹45,810 crore project — expected to more than double the unit’s capacity — is moving into a decisive phase.
Netherlands firm to set up blast furnace at IISCO steel plant
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Aluminium & Copper
Nalco plans to launch Pottangi bauxite mines by 2026
New Delhi: State-owned National Aluminium Company Ltd (Nalco) is aiming to start its Pottangi bauxite mines in Odisha by June next year as the company plans to ramp up its mining capacity supporting its goal of expanding its integrated aluminium business. Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines. "...our target is June next year we will be starting the mines," NALCO CMD Brijendra Pratap Singh said.
📝 Copper industry seeks curb on cheap imports
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Gold / Silver & Bullion
Silver steals the spotlight as gold eases on Saturday
📝 PC Jeweller to help 1,000 goldsmiths in UP to become entrepreneurs
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Oil & Gas / OMCs
📝 Russia’s vital oil trade with India is down, but not out
📝 India adds record 31.25 GW non-fossil capacity so far in FY26: Pralhad Joshi
📝 Oil holds at two-week highs on expected US rate cut, geopolitical risks
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Coal / Mining
No new coal power capacity beyond 2035, says power ministry secretary
India does not have any immediate plans to add coal power generation capacity beyond 2035, a top power ministry official said on Sunday. "India wants to secure its energy requirements," Pankaj Agarwal, secretary at the power ministry told Reuters on the sidelines of a power ministry event. "As on 2035, we want to have a coal capacity of 307 gigawatts."
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