Top Indian Metal & Energy Industry News & Updates - 29 July 2025,Tuesday
Govt. Policy / Industry
📝 Vedanta awards ₹865 crores integrated service contract to AESL
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Iron & Steel
SAIL pushes ₹36,000 crore expansion to FY27, faces delays in tendering and financial closure
New Delhi: PSU steel-maker SAIL will look to push ahead with its ₹36,000 crore expansion of IISCO Steel Plant, expanding capacity by 4.5 mtpa the next fiscal onwards. While Board approvals have been received, financial closure on the tenders is yet to happen and are expected either towards “end– Q3FY26 or in early Q4” (between December-end and March 2026). Capex jump is expected next year onwards only.
Jindal Stainless and the Future of Smart Infrastructure in India
📝 Steel, steel everywhere—but where will it go?
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Gold / Silver & Bullion
Is Titan’s golden age of growth finally over?
There’s no crisis. Just a long, awkward pause.
📝 Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
📝 RBI purchases half a tonne of gold in June
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Other Metals
Abhay Ispat to launch 2 new service station units in Maharashtra, Gujarat
Abhay Ispat, a value-added steel company, will open two strategic dedicated Service Station Divisions at Sanad in Gujarat and Pune, Maharashtra, to cater to the growing needs of MSME clients across West, Central and South India. The advanced processing facilities, which is near key industrial hubs, will have cutting-edge steel processing capabilities with an ambitious target of 2 million tonnes.
This is world's most expensive metal, not gold, platinum, diamond, silver, it is used to make white gold jewelry shine
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Oil & Gas / OMCs
EV owners aren't using public charging points much. Operators are changing tack
India's network of 26,000 public charging points for electric vehicles (EVs) across the country remains grossly under-utilized, prompting government and private operators to review their current installed units and examine available data on usage and traffic patterns before setting up new charging units.
GAIL posts 25% fall in Q1 net profit
GAIL India on Monday reported a 25% decline in its consolidated net profit of Rs 2,382.24 crore for the first quarter, compared with Rs 3,183.35 crore in the year-ago period. On a sequential basis, the net profit fell 5% from Rs 2,505.61 crore.
📝 ThunderPlus opens second franchise-based EV charging station in Hyderabad
📝 Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%
📝 EU-sanctioned Indian refiner Nayara takes Microsoft to court over outage
📝 Jagatjit Industries eyes Rs 550 crore annual revenue from new grain-based ethanol plant in Punjab
📝 Indian refiners look more widely for oil after EU’s Russia curbs
📝 India's top gas importer Petronet seeks Rs 12,000 crore loan
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Coal / Mining
India discovers rare earth in MP coalfields as China curbs squeeze industries: Minister
Rare earth magnets scarcity: An impact analysis by SBI
China’s Rare Earth Grip: Supply shock may hit Indian industry, exports and bank books
Rare earth magnets scarcity: An impact analysis by SBI
Strategic measures taken to reduce dependency on imported coal: Coal Min in Parliament
📝 Rare earth elements found in Singrauli coalfields; extraction viability under study
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Power
Reliance Power & Reliance Infra unveil Rs 18,000 crore expansion plans: Aggressive capex in defence, renewables detailed
📝 Andhra govt cancels two Adani projects at company's request
📝 Diamond Power and Infra gets Rs 1,349 cr order from Adani Group company
📝 JSW Energy signs power purchase agreement with SECI for FDRE project
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Renewable Energy
Waaree Energies Q1 Results: Net profit soars 89% YoY to ₹745 crore, achieves record module output
Waaree Energies, one of India's leading renewable energy companies, announced its June-ending quarter results on July 28, reporting a 89% jump in consolidated net profit to ₹745 crore, compared to ₹394 crore in the same period last year.
ALMM mandate for solar PV cells unchanged; implementation from June 2026
The ALMM is a mechanism to ensure the reliability of producers, protect consumer interests, and ensure the country’s larger energy security. The mechanism has also ensured quick promotion of the domestic solar manufacturing industry in the country, which currently stands at 91 gigawatt (GW) of solar PV modules and 27 GW of solar PV cells.
Adani Green's energy sales increase 42% YoY in Q1 2025-26 with consistent strong financial performance
Ahmedabad: Adani Green's energy sales increased 42 per cent year-on-year with consistent strong financial performance in the first quarter of 2025-26 - April-June, the company's earnings showed.
Adani Green net jumps 60% to Rs 713 crore in Q1
Adani Green Energy (AGEL) posted a 60% jump in net profit at Rs 713 crore in Q1FY26 as compared to Rs 446 crore in Q1FY25. Analyst estimates were not available for the company’s earnings.
📝 Use of listed solar cell mandatory after 1 month of publication of ALMM list
📝 Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW
📝 ‘We will prioritise workforce expansion in green energy, ESG compliance and industrial automation’
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International
Hyundai Steel swings back to profit in Q2 2025, amid strategic shift to premium and low-carbon steel
SC+ ANI, TR+
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Economy
Markets slip lower in late trade: Nifty falls below 24,700, Banks see sharp cut – 5 key highlights
Indian headline indices ended today’s trading session in negative territory. The Sensex ended the day at 80,891.02, down 0.70%, while the Nifty 50 settled at 24,680.90, lower by 0.63%.
📝 Indian rupee slips but sidesteps firmer dollar as flows dominate price-action
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