Top Indian Metal & Energy Industry News & Updates - 15 July 2025,Tuesday
Govt. Policy / Industry
📝 Govt not mulling to extend ISTS charges waiver for solar, wind projects
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Iron & Steel
Tata Steel begins construction of £1.25 billion Electric Arc Furnace in UK, aims to cut 5 million tonnes CO₂ annually
New Delhi: Tata Steel UK commenced construction of a £1.25 billion Electric Arc Furnace (EAF) at its Port Talbot site, with an aim to reduce carbon emissions by approximately 90 per cent or 5 million tonnes per year. The green steel project is supported by a £500 million investment from the UK government and is expected to be commissioned by the end of 2027.
📝 Tata Group Chairman performs ground breaking of 1.25 bn pound green steel project in UK
📝 CBAM may cost Indian steel exporters €551 million by 2034: Report
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Aluminium & Copper
📝 India’s new copper import rules could trigger supply crunch, warns trade body
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Gold / Silver & Bullion
UAE gold buyers hold back as prices hover near Dh375 mark
📝 Buyers keep hands off gold, as sales plunge 60% in June, steepest drop since Covid
📝 Silver hits new high as gold-silver crashes 20 pc in one month
📝 Silver futures hit fresh peak of Rs 1,14,875 per kg
📝 Silver jumps ₹5,000 to hit fresh peak of ₹1.15 lakh/kg
📝 GJEPC targets Saudi Arabia to grow gems and jewellery exports
📝 PC Jeweller shares drop nearly 4%; market cap slips below Rs 11,000 crore
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Oil & Gas / OMCs
GAIL inks long term LNG sales & purchase agreement with Vitol Asia
📝 On slippery ground: Refining capacity rises just 5% in 7 years
📝 Castrol shares jump 6% after favourable order on Rs 4,131 crore tax dispute
📝 Oil edges down as market contemplates potential sanctions, tariffs
📝 PNGRB wants GST on CNG vehicles lowered to 5%
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Coal / Mining
📝 Viceroy slams AGM; InGovern defends Vedanta structure
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Renewable Energy
SAEL to set up ₹8,200 cr integrated solar manufacturing facility in UP
The facility will be under the jurisdiction of the Yamuna Expressway Industrial Development Authority (YEIDA). Uttar Pradesh Chief Minister Yogi Adityanath gave the letter of comfort to Sukhbir Singh Awla, Co-Founder and Director of SAEL Industries.
Union Minister Pralhad Joshi to outline vision for India's renewable energy future
Mumbai, Maharashtra: Private Equity, Venture Capital and AIFs Poised to Play Central Role in Nation’s Clean Energy Ambitions • India eyes 500 GW of non-fossil fuel capacity by 2030; clean energy sector sees record capital flows and policy momentum • Hon’ble Minister to deliver Keynote Address as Chief Guest at the IVCA Renewable Energy Summit 2025 in Mumbai on July 15 India’s clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon’ble Union Minister of New & Renewable Energy, Government of India, will attend the IVCA Renewable Energy Summit 2025 as Chief Guest and deliver the Keynote Address. The event, hosted by the Indian Venture and Alternate Capital Association (IVCA), will take place on July 15 in Mumbai.
New hydro plants lined up for J&K in post-Indus playbook
IRDAI forms committee to vet licence applications
📝 SAEL Industries to invest ₹8,200 crore in Greater Noida solar unit
📝 India achieves 50% non-fossil fuel power generation capacity 5 years ahead of 2030 target
📝 Indian clean energy firm SAEL to invest $954 million in solar manufacturing plant
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Nuclear Energy
Energy majors scurry for civil nuclear sector play
Just as the country is set to make the policy as well as the legislative framework conducive for private sector play in civil nuclear energy, many Indian companies — state-run and private — have set their eyes on the sector.
📝 10 old thermal plants to be converted into nuclear power units by 2047
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