Top Indian Metal & Energy Industry News & Updates - 02 July 2025,Wednesday
Govt. Policy / Industry
📝 India calls end to subsidy that helped fuel clean energy boom
📝 Govt to launch exploration module on single window clearance system
📝 India sends geologists to Zambia to explore copper and cobalt deposits, sources say
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Iron & Steel
Sambhv Steel Tubes shares list on the exchanges today
Shares of Sambhv Steel Tubes will make their debut on the exchanges on Wednesday. The company has fixed the issue price at ₹82 per share. The ₹540-crore initial public offering (IPO) of Sambhv Steel Tubes was subscribed 28.46 times as all categories of investors showed interest. QIBs were more aggressive as their reserved quota saw a subscription at 62.32 times; the non-institutional investors’ portion was subscribed 31.82 times, followed by retail investors who subscribed 7.99 times their allocated portion. Employees’ window saw bids at 5.34 times.
📝 India, UAE's Ras Al Khaimah explore industrial cooperation, green steel prospects
📝 Non-ferrous metals, Iron Ore production up
📝 NMDC cuts rates of iron ore lump by Rs 600/tonne, fines by Rs 500 per tonne
📝 Tata Steel awards major upgrade project to local firm Systems Group
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Gold / Silver & Bullion
📝 Gold loans have grown at CAGR of 20% in last 5 years: Report
📝 Gold loans turn microfinance companies' best bet amid fears about the unsecured
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Oil & Gas / OMCs
2 more RRTS stns get EV charging facilities
New Delhi : After Sahibabad RRTS station, electric vehicle (EV) charging stations have now been installed at Guldhar and Duhai Namo Bharat stations along the Delhi-Ghaziabad-Meerut RRTS corridor. The National Capital Region Transport Corporation (NCRTC), which is implementing the corridor, plans to expand e-vehicle charging facilities at other stations as well.
📝 Shell completes acquisition of Raj Petro Specialities to strengthen its lubricant portfolio
📝 Petrol sales rise 6.4% in June; diesel up 1.2%
📝 Crude oil prices back at $67/barrel, likely to remain stable: Minister Puri
📝 ATF Price Hiked by 7.5%; Commercial LPG Cut by Rs 58.5
📝 Fuel ban for overage vehicles kicks in Delhi; 80 vehicles impounded on first day
📝 Diesel sales drop due to early rains
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Coal / Mining
Coal Ministry to launch digital exploration module on July 4
Source Credit: ANI+ The Tribune
📝 Coal India production drops by 8.5% in June
📝 Coal India, Hindustan Copper to work together in critical mineral sector
📝 NMDC explores critical minerals acquisition overseas
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Power
📝 Bangladesh clears Adani Power's $437 million dues
📝 Bangladesh resolves Adani's power purchase pact, payment concerns
📝 Power consumption dips slightly by 1.5 pc to 150.04 bn units in June
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Renewable Energy
NTPC Green Energy begins operation of 64.7 MW solar unit in Gujarat
The "third part capacity of 64.7 MW out of 1,255 MW Khavda-I Solar PV Project of wholly-owned subsidiary NTPC Renewable Energy Limited... in Gujarat under CPSU scheme Phase-II Tranche-III, is declared" commercially operational with effect from June 30, NGEL said in a regulatory filing.
Adani Green Energy surges past 15,800 MW: Powers up 6 new wind & solar projects in Gujarat, Rajasthan
Adani Green Energy has commenced commercial operations at six renewable power projects in Khavada, Gujarat and in Bap, Rajasthan. These six projects will add a combined capacity of 275.6 MW to Adani Renewables’ portfolio.
India Energy Stack: How this digital integration plan hopes to replicate UPI’s success in India’s power sector
Picture this: Solar panels on your rooftop generate excess power, which you store in a battery at your neighbour’s home — and draw back in the evening. In return, a payment for renting the battery is instantly transferred from your bank account to your neighbour’s, enabled by a digital public infrastructure (DPI) as seamless as UPI. Now, with the government setting up a task force led by Infosys co-founder Nandan Nilekani, a digitally integrated future for India’s power sector is beginning to take shape.
IREDA accelerates clean energy financing in Q1FY26: Loan sanctions soar 29%, disbursements up 31%
📝 CleanMax, Toyota Tsusho India join hands to develop 300 MW green capacity in India
📝 SECI executes 60 GW of power sale pacts for renewable energy projects in 14 years
📝 Hindustan Power gets order to set up 100 MW solar project with 200 MWh energy storage system
📝 Exxaro Tiles sets up captive 5MW solar plant to meet sustainability goals, cut energy costs
📝 India renewable power output grows at fastest pace in three years
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