Top Indian Metal & Energy Industry News & Updates - 06 Jun 2025,Friday

Govt. Policy / Industry

Vedanta shares close higher on positive debt reduction and renewable energy targets
The shares closed at Rs 440.10 a unit, up 0.74% on Thursday.
MRPL, EIL sign MoA to drive growth in key energy sectors
A media statement said the collaboration paves the way for engineering consultancy services and technical support in the refinery and upcoming projects of MRPL, including critical sectors such as petrochemicals, biofuels, renewables, energy transition projects and marketing infrastructure.
📝  India likely to attract investments worth Rs 8,000 crore at India Energy Storage Week 2025
📝  India, Italy get into a huddle over critical mineral squeeze
📝  Trump's new move could hammer India’s factories, and wreck exports and jobs
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Iron & Steel

Trump tariff ferris wheel hits key metals: Steel, aluminium duties doubled to 50%
US tariffs on steel and aluminium imports doubled to 50 per cent on Wednesday as President Donald Trump continued to ratchet up levies on foreign metals that he claims will help revitalise American steel mills and aluminium smelters.
SAIL reduces debt by around ₹750 cr last yr; plans to bring it down further this fiscal: Official
New Delhi: Country's largest steel player SAIL, which has a debt of nearly ₹27,000 crore, has managed to bring down its debt by around ₹750 crore last year and is planning to reduce it further, a senior company official said.
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Aluminium & Copper

NALCO says smelter expansion on track
The company said the detailed project report on brownfield smelter expansion, along with associated facilities including captive power plant with RE power, is under updation incorporating the latest business requirements.
Vedanta to use Rs 5,000 cr NCD funds to cut high-cost debt, save Rs 350 crore in interest
Mining Major Vedanta Ltd plans to utilise Rs 5,000 crore raised through its unsecured non-convertible debenture (NCD) to retire high-cost debt, that will save an estimated Rs 350 crore in interest outgo, sources said. It will also use a part of the proceeds to fund its growth capex, sources added.
📝  Vedanta Aluminium partners PwC India to scale up sustainability initiatives in Odisha, Chhattisgarh
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Gold / Silver & Bullion

Silver prices hit record high amid strong global cues
Silver prices hit a lifetime high of Rs 1,04,100 per kilogram in the national capital on Thursday amid strong global cues while gold prices jumped by Rs 430. The gold-silver ratio —denoting how many ounces of silver can be bought with one ounce of gold — is used by the market to gauge future trends as it indicates silver’s current performance against its historical correlation with gold. The recent surge can be attributed to several factors including a weaker US dollar, rising geopolitical tensions and robust industrial demand.
Gold Emerges as Potential High Quality Liquid Qsset: World Gold Council
 
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Oil & Gas / OMCs

Oil up 1% on talk US, China teams to meet
Houston : Oil prices rose 1% on Thursday, rebounding from the previous day’s drop as traders responded to news that US and Chinese teams will meet shortly, following a phone call on trade held between US President Donald Trump and Chinese leader Xi Jinping.
 
EV charging company Bolt.Earth unveils blaze DC fast chargers
 
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Opec

📝  Opec+ giants pump out additional oil to India
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Coal / Mining

Coal India plans 19 new first mile connectivity projects in FY26
New Delhi: State-run Coal India Ltd (CIL) plans to set up 19 new first-mile connectivity projects (FMC) in FY26, targeting a 19% increase in coal loading through these projects.
CIL plans to transport 20 mt more coal through First Mile Connectivity in FY26
 
📝  Coal India’s eco-friendly transport rises 34% to 102.5 MT in FY25
📝  Vedanta to use Rs 5,000 cr NCD funds to cut high-cost debt, save Rs 350 crore in interest
📝  Vedanta exploring using biodiesel in its commercial vehicle fleet in Odisha's Jharsuguda plant
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Power

📝  Power Grid Corp acquires MEL Power Transmission from PFC Consulting
📝  India coal power output drops 9.5% in May at fastest pace in five years
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Renewable Energy

Saatvik Solar Industries Private Limited breaks ground on the integrated 4.80 GW Solar cell and 4.00 GW module manufacturing facility in Odisha

Planned under SGEL's wholly owned subsidiary SSIPL, the facility is poised to become a cornerstone of SGEL's expansion strategy.
Taylormade Renewables marks shift to Infrastructure-Led, recurring revenue model powered by patented clean technologies
 
📝  JSW Energy commissions 281 MW renewable energy project
📝  Serentica Renewables secures over $100 million debt funding from Rabobank, Societe Generale
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Nuclear Energy

📝  Should India amend its nuclear energy laws?
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