Top Indian Metal & Energy Industry News & Updates - 31 July 2025,Thursday
Govt. Policy / Industry
After EU sanctions, Trump penalties further compound India’s energy security
US President Donald Trump’s announcement on Wednesday over imposing an undisclosed penalty on crude oil purchases from Russia jeopardises energy security for India. The 25 per cent tariff on goods and penalties will be effective from Friday (August 1).
📝 1 crore households to get rooftop solar panels by 2026-27 under PM Surya Ghar scheme, govt tells Lok Sabha
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Iron & Steel
Tata Steel Q1 net doubles to ₹2,007 cr on better price realisation
TV Narendran, Managing Director and CEO, said despite volatile global macro conditions and heightened uncertainty the company demonstrated robust profitability across geographies driven by an increase in net steel realisations and the planned cost take-outs.
SC allows open court hearing in JSW Steel’s review plea on BPSL liquidation
The Supreme Court has agreed to an open court hearing of the review petitions by JSW Steel and committee of creditors against the apex court’s judgment to send Bhushan Power & Steel Ltd to liquidation by setting aside the resolution plan on July 31.
India exporters steel themselves as tariff clock ticks down
Mumbai: Indian exporters were bracing Wednesday for higher US tariffs to kick in as prospects dim for an interim trade deal between New Delhi and Washington before the August 1 deadline.
📝 Green steel demand to reach 4.49 MnT in 2030 driven by construction, infra sectors: EY-Parthenon
📝 CAG pulls up SAIL for over-consumption of imported coal
📝 Steel Infra Solutions Company files draft papers for IPO
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Gold / Silver & Bullion
Titan likely to see soft Q1FY26 as high gold prices hit buyer growth, margins
Retail major Titan is expected to report moderated growth in Q1FY26, despite a sharp 35% year-on-year increase in gold prices, analysts say. The company will announce its results on August 7, could see pressure on key performance metrics including same-store sales growth (SSG) and studded jewellery sales. Brokerages expect low single-digit revenue growth and continued margin pressure during the quarter, weighed down by muted buyer sentiment and a softer studded jewellery mix.
Ashapuri Gold Ornament Limited achieves strong 34 percent EBITDA growth and 22 percent PAT growth in Q1 FY26
Source Credit: PTI, The Tribune
📝 Trump's 25% tariff may put pressure on India’s gem and jewellery exports
📝 Inside Andhra's monsoon diamond rush: Farmers, fortune-seekers and Rs 5 crore finds
📝 Gem and jewellery, apparel exporters brace for ‘severe’ impact of U.S. tariff
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Oil & Gas / OMCs
Difficult choice for India: Penalty on exports to US or higher oil import bill
US President Donald Trump on Wednesday announced a 25% tariff on India with additional penalties for buying Russian oil. While the size of the penalty is yet not known, any bid to avert it could come at a huge fiscal cost for India.
📝 ABB India enables automation of THINK Gas network in 10 states
📝 Indian refiners likely to face headwinds from new EU sanctions against Russia: ICRA
📝 India cannot ‘switch off its economy’, says envoy to UK on Russian oil imports
📝 Rosneft-backed Nayara Energy withdraws case against Microsoft from Delhi HC after restoration of services
📝 Microsoft restores services to Russia-backed Nayara Energy ahead of HC hearing
📝 Crude import bill may be pushed up after US tariffs
📝 U.S. sanctions hit Indian companies over Iran oil trade
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Coal / Mining
📝 Vedanta Resources seeks investor nod to prepay $550-million debt
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Power
Power Grid registers 2.5% fall in Q1FY26 consolidated net profit
State-owned power transmission company Power Grid Corporation of India on Wednesday registered a fall of 2.5% in its consolidated net profit for the first quarter of the financial year 2025-26 at Rs 3,630.58 crore from Rs 3,723.92 crore in Q1FY25. On a sequential basis, the net profit declined by 12.3% from Rs 4,142.87 crore.
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Renewable Energy
Solar cell capacity may reach 42 GW by 2026
With private players ramping up cell manufacturing, the government expects the solar cell capacity to reach 42 gigawatt (GW) by June, with the approved list of models and manufacturers (ALMM) for cells being introduced soon, official sources said.
Solar power panels over cycle tracks proposed in Chandigarh
The Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST) has decided to conduct a study of 220 km of cycle tracks. The study will identify tracks where panels can be installed and the quantity thereof so that solar power generation could be further increased. The feasibility, performance and aesthetics of installing solar panels on cycle tracks will be evaluated.
Adani Green Energy Q1 profit jumps 51% on capacity addition, power sales
Centre sanctions TN evacuation of about 4,000 MW renewable energy capacity project costing ₹720 crore
📝 Second list of solar models & manufacturers likely in 10 days
📝 Acme lowest bidder in latest green ammonia tender at record price
📝 OMC Power to invest Rs 4,000 cr to build 1k MW clean energy portfolio in 3-5 years
📝 Avaada to invest ₹5,000 crore for 1 GW renewable energy projects in Bihar
📝 Juniper Green Energy, GUVNL sign PPA for 100 MW wind project in Gujarat
📝 Jakson Green signs first wind Power Purchase Agreement with GUVNL for 100 MW project
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International
📝 Nippon Steel to supply steel for Vestas wind towers for Europe and Asia
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