Top Indian Metal & Energy Industry News & Updates - 14 Jun 2025,Saturday

Govt. Policy / Industry

Government launches skill training programs in green energy and electric vehicles
The Ministry of Skill Development and Entrepreneurship said in a release that the initiative will be implemented by Edunet Foundation, Shell's training partner, across select Industrial Training Institutes (ITIs) and National Skill Training Institutes (NSTIs) in Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka on June 12, 2025.
Singareni inks MoU with CSIR–IMMT for exploration and production of critical minerals
Singareni Collieries Company Limited (SCCL) has entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR)–Institute of Minerals and Materials Technology (IMMT), Odisha. According to SCCL, the joint collaboration with CSIR–IMMT will facilitate exploration, production, and application of modern technologies in the detection and utilisation of critical minerals present in SCCL’s mining areas. 
📝  India has adequate energy supplies for coming months: Oil Minister Puri amid Israel-Iran escalation
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Gold / Silver & Bullion

Gold crosses ₹1L/10 gm amid growing tensions
Gold futures bounce Rs 2,011 to breach Rs 1 lakh-mark; hit all time high
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Oil & Gas / OMCs

Oil up 8%, but India may not feel much pain
Oil prices jumped more than 7per cent on Friday, trading near multi-month highs after Israel launched widescale strikes against Iran, sparking Iranian retaliation and raising worries about disrupted oil supplies.
Crude jumps 7% on Israel-Iran tension: 4 reasons why JPMorgan still bets on $60 target for 2025
Crude prices are on a high and Brent Crude prices surged as much as 7% on rising tension between Iran-Israel. Israeli Prime Minister Benjamin Netanyahu indicated that the operations may continue for a few days. According to JPMorgan, an “attack on Iran could spike oil prices to $120/bbl” but for now they are maintaining the “base case for oil prices in the low-to-mid $60/bbl” for the rest of the year,
Oil prices up 7% on W Asia escalation

The S&P 500 was down 0.7% in early trading. The Dow Jones Industrial Average was down 508 points, or 1.2%, as of 9:35 am Eastern time, and the Nasdaq composite was 0.8% lower.
📝  Assam: ONGC says efforts underway to control gush of gas from Rudrasagar Field
📝  Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
📝  Ujjwala scheme boosts LPG use in Andaman & Nicobar
📝  Oil soars more than 9% after Israel strikes Iran, rattling investors
📝  Israel-Iran conflict to impact oil supply to India, increase export costs by 40-50%
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Coal / Mining

📝  Vedanta board to meet on June 18 to consider interim dividend. Check record date
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Power

📝  State-run power firm Mahavitaran files plea to distribute electricity across Mumbai
📝  NTPC Secures $750 mn loan from Bank of Baroda, HDFC Bank
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Renewable Energy

📝  Rayzon Solar to file draft papers for Rs 1,500-cr IPO
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International

US steel tariffs on home appliances alarm Samsung and LG

The Department of Commerce announced on Thursday that a 50 per cent steel duty will apply to "steel-derivative products" starting June 23. This includes a wide range of appliances such as refrigerator-freezers, dryers, washing machines, dishwashers, freezers, cooking stoves, ranges, ovens, food waste disposals, and welded wire racks.
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Economy

Nifty, Sensex close 1.5% lower for week. Crude surge hit OMCs- 5 key highlight
Indian equity markets slumped in Friday’s session after tension between Israel and Iran heated up. The markets started the session on a gap-down and continued the sell-off. However, not much relief, but markets recovered some lost ground before closing in the red. 
📝  Rupee tumbles 55 paise to 86.07 against US dollar on oil spike, Israel-Iran conflict jolts markets; foreign fund outflows deepen
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