Top Indian Metal & Energy Industry News & Updates - 22 July 2025,Tuesday
Govt. Policy / Industry
US antidumping investigation threatens Indian solar module exports
The latest antidumping duty investigation petitioned by the Alliance for American Solar Manufacturing and Trade on solar module imports from India, Indonesia and Laos, could potentially hurt Indian solar exports, analysts say.
Nayara Energy to invest ₹70,000 cr in India; says EU sanctions go against India's interests
Russian oil giant Rosneft-backed Nayara Energy on Monday reaffirmed its plan to invest ₹70,000 crore in downstream projects linked to its refinery, while denouncing the latest EU sanctions against it as unjust and harmful to India's interests.
India's core sector growth in June tepid at 1.7%, shows govt data
The growth in the output of India’s eight key infrastructure industries remained subdued in June, even as it accelerated to a three-month-high at 1.7 per cent year-on-year, compared to a revised 1.2 per cent in May, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Monday showed.
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Iron & Steel
JSW Steel alert on cheap imports, urges Centre to extend provisional safeguard duty with higher rate
JSW Steel, India’s largest producer by domestic capacity, has warned that imports to India would jump again if tariff turmoil leads to trade diversions and urged the Centre to extend the provisional safeguard duty with a higher rate.
📝 SAIL powers Zojila tunnel as single-largest steel supplier at over 31,000 tonnes
📝 JSW Steel to pour most of its Rs 20,000 crore capex into Dolvi plant
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Gold / Silver & Bullion
Titan to acquire 67% stake in Dubai-based Damas for $283 million in strategic Gulf expansion
Titan to buy 67% in Damas for Rs 2,438 crore
The Financial Express
📝 Gold jewellery demand dips after wedding season but investment buying stays strong: Report
📝 Gold rises Rs 250 to Rs 99,020/10 gm; silver climbs Rs 500 to Rs 1.11 lakh/kg
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Other Metals
Bharat coating technologies charts a sustainable growth path for zinc al flake coatings in India
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Oil & Gas / OMCs
EU's Russian oil curbs may hit India's fuel exports: GTRI
India's petroleum product exports worth $15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said.
Govt to curb sale & distribution of fuel in bottles, containers
In the wake of the self-immolation by a college student in Balasore, state govt on Sunday said it will implement stringent measures to enforce the Petroleum Rules, which prohibit the unauthorised sale and transportation of fuel in bottles and containers. The govt is preparing to introduce comprehensive guidelines aimed at curtailing the illegal distribution of fuel.
📝 Hindustan Petroleum seeks 10 LNG cargoes for March 2026-December 2027 delivery, sources say
📝 MRPL shares slide 7% after co slips to loss in Q1 on margin, revenue hit
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Coal / Mining
GHCL receives approval from Gujarat govt for renewal of lease for its lignite mine
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Power
📝 Govt approves restructuring of boards at NTPC arms THDC India, NEEPCO
📝 Bhushan Steel and Power's ex-promoters seek open court hearing on liquidation review plea; CJI to constitute a bench
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Renewable Energy
Kerala’s solar prosumers seek revision of Renewable Energy Draft Regulations 2025
The Kerala Domestic Solar Prosumers Community has demanded the complete withdrawal of the revised Renewable Energy Draft Regulations 2025 and sought urgent intervention of the State government for the formulation of a new policy by an expert committee. If the new draft regulations come into force, the renewable energy generation sector in Kerala, built with the participation of ordinary citizens, will be completely disrupted, said Jameskutty Thomas, Coordinator of KDSPC, representing over 3,000 domestic rooftop solar prosumers in the State.
IREDA looks to raise Rs 3,000 crore via QIP in FY26
State-owned lender Indian Renewable Energy Development Agency (IREDA) plans to launch a second tranche of qualified institutional placement (QIP) of equity shares worth around Rs 3,000 crore in the current financial year. The company raised Rs 2,005 crore through QIP in June this year. In the upcoming round, the government will dilute a 3.76% stake, after having diluted 3.24% in the first tranche.
Nayara Energy opposes EU sanctions, explores legal options
Responding to the latest sanctions imposed by the European Union (EU) on Nayara Energy’s 20-million tonne refinery in Vadinar, Gujarat, the company alleged that the move was “unilateral” and founded on “baseless assertions.” It also said the EU’s action represented an “undue extension of authority” that ignores both international law and the sovereignty of India.
India green lights restructuring of THDC, NEEPCO boards amid a push for expediting hydropower projects
New Delhi: The Department of Public Enterprises (DPE) has green-lit a proposal to restructure the boards of NTPC subsidiaries THDC India Ltd (THDCIL) and North Eastern Electric Power Corp. Ltd (NEEPCO), making them “leaner” amid a push for hydropower projects along India’s eastern and north-western borders.
Vikram Solar US plans on course, keeping close watch on India trade negotiations
City-based solar photovoltaic modules maker Vikram Solar is keeping a close watch on the trade negotiations between India and the US, with the latter a key export market for the company, where it has also planned to set up a manufacturing capacity.
📝 India completes 48 GW inter-state transmission network for renewable energy
📝 Indo-German tech makes possible massive solar plant in Mount Abu
📝 Reliance's green energy expansion sparks analyst optimism
📝 India’s record renewables rollout moves it closer to 2030 goal
📝 L&T Energy GreenTech to set up India's largest green hydrogen plant for Indian Oil refinery
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Economy
Monday momentum: Nifty ends near 25,100, Sensex advances 450 points – 5 key highlights
Indian equity markets closed the session on a higher note. The Nifty 50 closed the session 0.49% higher at 25,090, and the Sensex ended the day 440 points higher at 82,200.
📝 FPIs withdraw Rs 5,479 crore from IT stocks in first half of July
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