Top Indian Metal & Energy Industry News & Updates - 26 Dec 2025,Friday
Govt. Policy / Industry
Manaksia Coated Metals & Industries undertakes upgradation, capacity expansion for its continuous galvanizing line
📝 China starts issuing licenses to import rare earth magnets into India
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Iron & Steel
Vedanta Sesa Goa achieves 8 million units of energy savings via smart systems, tech upgrades
New Delhi: Vedanta's iron ore mining arm Sesa Goa on Thursday said it has saved nearly 8 million units of energy in FY25 and the current fiscal till date through technology upgrades, smarter systems, and in-house innovations. The savings could power over 6,000 average Indian households for a year, underscoring the company's commitment to sustainable mining as part of India's clean energy initiative, according to a company statement.
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Aluminium & Copper
Mines secy urges Nalco to meet production targets, boost efficiency
New Delhi: Mines Secretary Piyush Goyal on Wednesday stressed the need for timely completion of expansion projects, meeting production targets and systematically boosting operational efficiency, while reviewing state-run Nalco's ongoing expansion initiatives and performance. Nalco, a key player in bauxite mining, alumina refining and aluminium production, is ramping up capacities amid increasing domestic demand for aluminium in EVs, renewables and infrastructure.
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Gold / Silver & Bullion
Gold, silver heading for best yearly show since 1979; sniffing at 1.4 lakh, Rs 2.3 lakh
Mumbai: Precious metals are on a song again and are heading for their best annual returns since 1979, scaling new peaks globally and also in the domestic markets on safe haven demand and expectations of more rate cuts by the US Fed as inflation remains under control on one hand and on the other, the world’s largest economy is on a solid footing with the Q3 data at 4.3% surprising on the upsides by a wide margin coupled with the rising tension between the US and Venezuela.
📝 Digital gold rush up roughly 50% even as Sebi flags regulatory risks
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Oil & Gas / OMCs
RIL obtains one-month US concession to receive oil cargoes supplied by Russia’s Rosneft
Reliance Industries Ltd (RIL) has obtained a concession from the United States to receive oil cargoes supplied by Russia’s Rosneft, which has been sanctioned by the US government. The company said it has been granted permission to import cargoes that were contracted before the sanctions were announced. The cargoes came in December before the extended deadline.
Reliance resumes Russian crude purchases for Jamnagar refinery after US waiver
📝 BP to sell 65% stake in Castrol to Stonepeak for $6 billion
📝 India’s petrol pump count crosses 1 lakh, doubles in 10 years
📝 Open offer unlikely to lift Castrol India stock as premium remains modest
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Coal / Mining
Entities allowed to use CoalSETU supplies for industrial use, exports
New Delhi: Coal supplies procured through the CoalSETU window can be utilised by an entity for its own consumption (industrial use), exports and washing. However, the commodity cannot be resold within the country.
Centre, Jharkhand hold talks on coal mining, land return, and rehabilitation
📝 Vedanta Sesa Goa achieves 8 million units of energy savings via smart systems, tech upgrades
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Power
📝 Thermal plants' biomass shortfall in FY25 due to supply challenges, not intent: APP
📝 Lower, fixed transaction fee for power exchanges in the works
📝 Adani Power raises capacity target to 41.87 GW by FY32, commits Rs 2 lakh crore capex
📝 UP government has not taken any decision on power sector privatisation: Energy minister
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Renewable Energy
Hanwha Ocean and Hyundai E&C secure major offshore wind project
Seoul: Hanwha Ocean, Hyundai E&C win offshore wind project to build a large power farm in the sea, securing an engineering, procurement, and construction contract. This major move marked the formal entry of Hanwha Ocean into the offshore wind power sector. The company secured a big contract to design, buy materials, and build the project.
KPI Green Energy gets ₹128-cr order from NTPC
New Delhi: KPI Green Energy on Wednesday announced that it has bagged an order from state-owned NTPC to establish a green hydrogen generation project for ₹128.49 crore. On Tuesday, the power giant announced its plan to set up a green hydrogen project of 1 tonne/day at Greater Noida in Uttar Pradesh. In an exchange filing, KPI Green Energy said it "has received three notification (s) of award (NoA) from NTPC for the plasma gasification-based green hydrogen generation project".
Juniper Green Energy commissions 60 MWh of merchant BESS project in Rajasthan
New Delhi: Juniper Green Energy said on Wednesday that it has successfully commissioned 60 megawatt-hour (MWh) of its 100 MWh merchant Battery Energy Storage System (BESS) project at Bikaner in Rajasthan through its subsidiary Juniper Green Cosmic. This commissioning represents the firm’s first operational merchant BESS, positioning Juniper Green Energy as an early mover in the energy storage market.
Adani Solar, Wind, and Green Hydrogen units achieve record growth in 2025
New Delhi: Adani Solar, Wind, and Green Hydrogen units recorded a breakout year of scale, innovation, and global leadership in 2025. According to an Adani Green Energy press release, the group's clean-energy businesses achieved several major milestones during the year, including shipping 15,000 MW of solar modules and installing 1 GW of wind power. The company also started India's first off-grid green hydrogen pilot project.
MNRE in 2025: Why batteries emerged as the missing link in India’s renewable energy transition
Source Credit: Saurav Anand, The Economic Times
SJVN achieves COD of 1000 MW Bikaner solar power project in Rajasthan
Evaluating setting up shop in United States: Vikram Solar chairman
The year 2025 left India’s renewables business at the crossroads. On the one hand, the installation of solar panels may reach an all-time high, led by record tenders in the recent past. On the other hand, awarded tenders, of around 40 gigawatts (Gw), have failed to close power-purchase agreements with utilities. The American market, the biggest for Indian makers of solar modules, has come under high tariffs. Overcapacity in the domestic market is mounting, and shares of leading manufacturers of renewable modules are sliding, raising concerns about a ‘grahan’ (eclipse) for the solar business. Gyanesh Chaudhary, chairman and managing director, Vikram Solar, one of India’s biggest producers of solar equipment, tells S Dinakar that these concerns are misplaced and illustrates the potential of the Indian market for clean energy and that of Vikram Solar.
Edited excerpts:
Lack of triggers, weak demand may keep power stocks under pressure
The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn’t been the case in the financial year 2026 till date (FY26TD). India is also in an energy transition driven by decarbonisation policy. This has led to more renewables capacities, and clearance of legislation like Shanti which allows private sector involvement in nuclear, side by side with more thermal capacity.
📝 Gujarat crosses 5 lakh rooftop solar installations, achieves 1,879 MW capacity; success stories to shine at VGRC Rajkot
📝 CERC brings in virtual PPA norms for renewable targets
📝 Bhilwara Energy signs pact to acquire 76 MW hydro project in Uttarakhand
📝 Vikran Engineering bags Rs 2,000 crore solar projects order in Maharashtra
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Nuclear Energy
How the SHANTI Bill can accelerate India’s nuclear ambitions
The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025 is a comprehensive piece of legislation introduced to replace the Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010. Its primary goal is to modernize India’s nuclear framework, enabling private sector participation while maintaining strict government control over strategic assets and safety requirements.
📝 Dept of Atomic Energy seeks sops to put nuclear power on a par with renewable energy
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