Top Indian Metal & Energy Industry News & Updates - 12 July 2025,Saturday

Govt. Policy / Industry

JP Morgan backs Vedanta after Viceroy report, says 'not getting distracted'
 
📝  India revises proposed retaliatory duties against U.S. over steel, aluminium tariffs: WTO
📝  Govt set to roll out ₹1,345 crore incentive scheme to boost rare earth magnets production
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Iron & Steel

Tata Steel leads digital trade shift with first eBL-backed coal shipment
The transaction involved coal imports from Queensland, Australia to Dhamra Port in Odisha. It is Tata Steel’s first paperless import transaction under a letter of credit, fully backed by digital processes.
Tata Steel invests ₹1,074 crore in Singapore subsidiary
 
📝  Steel quality rules deferred by a month
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Gold / Silver & Bullion

Silver soars to 13-year high, surpasses $38 in global markets
Silver prices surged past $38 per ounce in the global spot market on Friday, their highest level in over 13 years, as investor demand spiked amid geopolitical tensions and economic uncertainty. The precious and industrial metal has rallied 25% in the first half of 2025, narrowly trailing gold’s 26% gain.
Ajoy Chawla to succeed Venkataraman as Titan’s MD
Jewellery and watch retailer Titan on Friday named Ajoy Chawla as its next managing director. Chawla, 58, who currently heads Titan’s jewellery division, will take over from CK Venkataraman, who is set to retire on December 31. Chawla’s appointment is effective January 1, 2026.
Gold's rally awaits clarity on US interest rates and dollar weakness: Report
Source Credit: ANI, The Tribune
📝  Gold climbs Rs 700 to Rs 99,370/10 g; silver rallies Rs 1,500/kg
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Oil & Gas / OMCs

Bihar unveils policy to boost clean energy economy with State GST exemption, incentives for EV charging stations
The Bihar government on Friday unveiled its policy to expand the clean energy economy in the State, which includes incentives such as no State GST and land at concessional rates for EV charging stations.
India needs to boost its petrochemical output to counter China's dominance, Reliance says
India needs to increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector, a senior Reliance Industries official said on Friday.
US tariff heat looms over India’s Russian oil supplies
A proposed US bill that includes a 500% tariff on countries importing oil from Russia could significantly disrupt Indian supplies, and also raise its oil import bill, industry experts warn. US Preesident Donald Trump is considering the Sanctioning Russia Act of 2025, which aims to pressure Russia over the Ukraine war.
HPCL-Mittal Energy secures 3 patents in India
 
📝  Bharat Petroleum plans to shut Bina refinery unit for 15-day maintenance in August
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Coal / Mining

NMDC’s Australian Lithium exploration draws a blank, looks forward to profits in FY26
 
📝  West Bengal's Purulia district identified as rare earth mining hub
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Renewable Energy

IREDA share price tanks over 5% after net profit falls to Rs 247 crore in June quarter
IREDA Share Price: Shares of IREDA fell over 5 per cent today (Friday, July 11) after state-owned company announced its financial results for the quarter ended June 30.
Avaada Powers India's journey to 500 GW of clean energy by 2030
Source Credit: ANI, The Tribune
📝  Bihar greenlights plan for clean energy push
📝  Adani Green Energy operational RE capacity jumps 45 pc to 15,816 MW in Q1
📝  Juniper Green Energy adds 71 MWp capacity to fully commission 217-MWp Maha solar project
📝  INOX Clean Energy eyes Rs 6,000 crore IPO, files confidential DRHP
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Economy

Markets end the week muted: Nifty closes below 25,200, Nifty IT Index down 2%- 5 key highlights
 
📝  India's net direct tax collection falls 1.3% during April 1-July 10
📝  India's forex reserves fall $3.04 billion to $699.74 billion as of July 4
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