Top Indian Metal & Energy Industry News & Updates - 11 July 2025,Friday
Govt. Policy / Industry
📝 Vedanta demerger proposal set to receive approvals soon: Anil Agarwal
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Aluminium & Copper
Vedanta outlines three-pronged growth plan
Mining major Vedanta on Thursday held its 60th annual general meeting (AGM), which was streamed live across social media. The meeting comes a day after US short-seller Viceroy Research released a scathing report against the company’s UK-based parent Vedanta Resources (VRL).
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Gold / Silver & Bullion
📝 PC Jeweller board approves plans to raise Rs 500 cr equity from Capital Ventures, promoter
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Other Metals
Short-seller flags Hindustan Zinc ₹1.5K cr 'brand fee' payment to Vedanta
The allegations also place the next move squarely in the Centre’s court, raising questions around Vedanta’s compliance with its contractual obligations and governance standards in managing a company where the Indian state remains a significant shareholder. Viceroy alleged that HZL — India’s largest zinc producer — faces significant legal and financial exposure related to brand fee payments to its promoter and a breach of its agreement with the Indian government.
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Oil & Gas / OMCs
Karnataka government ditches plans to set up 2,500 EV charging stations
With electric cars gaining popularity, India is stepping up its infrastructure to support the transition by setting up dedicated electric vehicle charging stations. While private players play a big role towards this, the government is setting ambitious plans.
Trump may slap 500% tariff on India-Russia oil trade
US President Donald Trump has signaled his support for a sweeping new sanctions bill aimed at ramping up pressure on Russian President Vladimir Putin to end the war in Ukraine — and it's rattling nerves far beyond Moscow.
Govt may offer Rs 35,000-cr to OMCs to cover LPG losses
The finance ministry is likely to finalise a compensation fund of Rs 32,000-35,000 crore for state-owned oil marketing companies to cover the under-recoveries they have made on the sale of liquified petroleum gas (LPG) cylinders, government sources said.
India's oil imports from Russia helped global markets to stabilise: Hardeep Puri silences critics
New Delhi: Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.
Indian Oil to upgrade Panipat diesel refinery for green jet fuel production
Indian Oil Corp plans to shut its 300,000 barrels-per-day diesel desulphuriser unit at its Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said on Thursday.
US crude supplies to India surge 50% in H1 2025, inflows from Brazil up 80%
India’s crude oil inflows from the US surged more than 50% in the first half of 2025, compared with the same period of 2024, while imports from Brazil rose 80% over the same period, as per data from the S&P Global commodity Insights.
Gentari, Shell India forge EV charger roaming partnership in India
Clean energy firm Gentari and Shell India have formed a strategic partnership to improve electric vehicle (EV) charging accessibility nationwide, according to a company announcement on Thursday.
GAIL signs 15-year gas sale and purchase agreement with Oil India
📝 Oil prices rise on strong gasoline demand, Red Sea attacks
📝 Indore tourism dept to add EV charging stations at hotels
📝 Oil prices would have hit $120-130: india says its oil imports from Russia helped global markets Hardeep Puri hits out at critics
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Opec
📝 OPEC trims global oil demand for next four years
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Coal / Mining
📝 Viceroy report has no new info Vedanta has not shared before: VRL CEO Deshnee Naidoo
📝 Anil Agarwal unveils '3D' strategy to double Vedanta size via demerger, diversification, deleveraging
📝 NMDC mines conferred with 5-star rating for sustainable mining practices
📝 Vedanta Base Metals CEO Chris Griffith quits amid debt, short-seller woes
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Renewable Energy
IREDA Q1FY26 results: Net profit falls 36 percent
State-owned Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 36 per cent decline in its net profit to Rs 247 crore in the June quarter compared to a year ago, mainly due to higher expenses.
CBDT notifies IREDA bonds as tax-saving investment to boost green energy financing
📝 Govt grants Section 54EC tax benefit to IREDA bonds
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