Top Indian Metal & Energy Industry News & Updates - 13 Jun 2025,Friday
Govt. Policy / Industry
After US' 50% tariff blow, India now faces EU heat on steel quotas
New Delhi: The European Union (EU) has put India’s individual quota on hold and placed it under a “pooled quota" for exporting certain kinds of steel products to the 27-nation bloc, dealing a double whammy to a sector already reeling from America’s 50% tariff.
Rare metal gap to hit EV makers more as China tightens magnet exports
The supply chain disruption of rare earth magnets caused by restrictions imposed by China will hurt the production of electric four and two-wheelers more than their counterparts that run on petrol or diesel because of the wider application of the material in battery-powered vehicles.
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Iron & Steel
Indian steel companies to see uptrend in Q1 FY26, driven by safeguard duty and higher prices: Report
New Delhi: Indian steel companies are likely to experience an uptrend in the first quarter of 2026 owing to the recently imposed 12 per cent safeguard duty on flat products in April, according to a recent report by JM Financial.
📝 Steel export parity price scheme yet to gain traction
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Aluminium & Copper
📝 Hindustan Copper plans Rs 2,000cr capex for core expansion by FY31, excludes PPP projects
📝 Vedanta Aluminium partners with Central Bank of India to provide collateral-free financing for OEMs, MSMEs
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Gold / Silver & Bullion
Gold ETFs stage comeback with Rs 292-cr inflow in May
After a two-month outflow, Gold Exchange Traded Fund (ETF) experienced a net inflow of Rs 292 crore in May driven by resilient gold prices and sustained global uncertainties.
📝 Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100
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Other Metals
📝 Hindustan Zinc declares interim dividend of ₹10 per share
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Oil & Gas / OMCs
Ethanol production capacity jumps over 4-fold to 1,810 cr litres in 11 yrs of Modi govt: Official
India's ethanol production capacity has jumped more than four times in the last 11 years of the Modi government to 1,810 crore litres annually with the help of favourable policy initiatives, according to a senior official.
Nilesh Garg appointed as Chief Business and Growth Officer of Assurance Intl
Assurance Intl Limited has announced the appointment of Nilesh Garg as its Chief Business and Growth Officer, marking a significant strategic move to accelerate growth and business transformation. With over 30 years of experience across the automotive and industrial sectors, Garg is set to lead the company’s expansion across its key business verticals.
Crude oil prices rise sharply on second day amid escalating US-Iran tensions
📝 Pvt fuel retailers gain mktshare as PSUs refuse to lower prices
📝 Gadkari seeks GST cut on crude ethanol to boost flex-fuel vehicle adoption
📝 Shares of OMCs fall, upstream oil cos gain on crude rebound
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Coal / Mining
📝 Coal India board approves uniform dress code for employees; effective July
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Power
📝 NTPC Group installed capacity reaches 81,368 MW; completes trial of Unit 3 at Karanpura STPP
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Renewable Energy
IREDA raises over Rs 2,000 crore, reinforcing its commitment to clean energy financing
New Delhi: The Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), reinforcing its financial strength and commitment to clean energy financing in India, Ministry of New and Renewable Energy said in a statement on Wednesday.
India's coal output to further decline in June followed by fall of 4.7% in Apr-May: Nuvama
📝 Waaree Energies secures 599 MW solar module supply order in US
📝 Need even distribution of global solar investment: ISA
📝 Torrent Power bags 300 MW wind project from SECI
📝 NCLT clears merger of Inox Wind units
📝 SEPC bags Rs 650 cr solar EPC project in Maharashtra
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International
📝 Zimbabwe sets lithium export ban
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