Top Indian Metal & Energy Industry News & Updates - 28 Jun 2025,Saturday

Govt. Policy / Industry

Northeast can be national model for sustainable mining: G Kishan Reddy
With its rich biodiversity and deep-rooted community traditions, the Northeast region has the potential to set a “national benchmark for sustainable and inclusive mining,” Coal and Mines Minister G Kishan Reddy has said.
📝  India's rare earths riddle: No quick fix as China holds the magnetic key
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Iron & Steel

Jindal Steel Honoured as Champion of Green Business practices at ET Edge's 4th global sustainability alliance series

Mumbai: Jindal Steel, a global leader in steel, energy, and infrastructure, was felicitated as a "Champion of Green Business Practices" at the prestigious 4th Edition of the Global Sustainability Alliance Series, hosted by ET Edge at the Sahara Star Hotel, Mumbai.
📝  BPSL’s ex-RP files review plea in SC over cancellation of JSW Steel takeover
📝  Bhushan Power liquidation will hurt all stakeholders, JSW Steel and lenders tell SC
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Gold / Silver & Bullion

📝  Indian cut & polished diamonds exports to decline by 7%-10% in FY26: ICRA
📝  Gold plunges Rs 930 to Rs 97,670/10 g amid easing off Israel-Iran tensions
📝  Remained steady in a market driven by economic shifts, changing gold prices, says Titan Company
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Other Metals

Hindustan Zinc reports growth in queer workforce
 
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Oil & Gas / OMCs

Servotech EV Infra signs MoU with NPCL to develop EV charging network in Greater Noida
Servotech EV Infra, operating under the brand Incharz, has signed a Memorandum of Understanding (MoU) with Noida Power Company Limited (NPCL) to expand electric vehicle (EV) charging infrastructure in Greater Noida.
Crude prices to ease amid de-escalation of geo-political issues, supply surplus & soft demand: Report
New Delhi:  Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
ONGC successfully caps Sivasagar well blowout, says Minister Hardeep Puri
New Delhi: Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that Oil and Natural Gas Corporation (ONGC) has successfully capped the blowout of RDS#147A well site in Sivasagar.
IONAGE partners with HPCL to expand EV charging accessibility across India
IONAGE Technologies, an EV charging platform provider in India, has entered into a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL), one of the country’s foremost energy companies. This collaboration aims to integrate HPCL’s extensive network of over 5,000 EV charging stations onto the IONAGE platform, significantly enhancing accessibility, visibility, and ease of use for EV owners across the nation.
Ensure no fuel is added to 'no fuel'
Earlier this week, Delhi Petrol Dealers' Association (DPDA) urged the city administration to revoke penalties on pump-owners for failing to enforce the 'no fuel for old vehicles' policy. They raised three concerns. One, under Essential Commodities Act, dealers aren't allowed to deny fuel to any customer. Two, pump attendants are not trained or authorised to act as enforcement officers. Three, unless the rule applies across Delhi-NCR, vehicles will refuel just outside city limits, hurting business.
Ambani-Adani partnership expands with joint fuel marketing deal
Adani Total Gas and Reliance BP Mobility have formed an alliance to offer their respective fuels at each other's retail outlets, marking another collaborative venture between two of India's prominent conglomerates, Adani and Reliance. Previously, Reliance Industries acquired a 26% stake in Adani Power's subsidiary, Mahan Energy, for Rs 50 crore.
India’s oil imports from US surged over 270% in first four months of year
 
📝  ONGC well in Assam capped after 16 days of gas leakage: Hardeep Singh Puri
📝  Charge Zone inaugrates India's largest charging hub in Bangalore, can charge 210 EVs at a time
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Coal / Mining

📝  Coal India to invest Rs 1,067 crore in Talcher Fertilizers
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Power

📝  BHEL bags Rs 6,500 crore order from Adani Power
📝  Adani Power shares rally 14% this week amid high trade volumes
📝  Four private power companies show interest in setting up 2400 MW plant at Pirpainti in Bihar
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Renewable Energy

Rayzon Solar files for Rs 1,500 crore IPO: No offer for sale
Rayzon Solar, the Gujarat-based solar cell manufacturer, is going for a Rs 1,500 crore IPO. The company has filed the DRHP with the Securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore via a fresh issue. The promoters of the company are not selling any stake via Offer For Sale (OFS). 
SolarSquare to step up expansion drive
Cleantech startup SolarSquare Energy is planning to expand operations to 30 new cities by the end of FY26 as it looks to tap into the growing demand for residential rooftop solar systems across the country. The company currently operates in 20 cities and aims to target tier-2 and tier-3 locations, particularly in states such as Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, Madhya Pradesh and Tamil Nadu.
Saatvik Green Energy Limited (SGEL) recognised among 'Best Organisations to Work 2025' by ET Now
 
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Economy

Friday cheer! Nifty, Sensex ends week with 3% gains, financials shine – 5 key highlights
Indian equity markets closed the session on a higher note for the fourth consecutive session, and this is the second week markets have closed in the green. 
“Big deal” coming, to open up Indian market, says Trump
As the last round of negotiators on an India-US interim trade agreement was under way in Washington , president Donald Trump said on Friday that a “big deal” was coming up and that would open up Indian markets for American goods. “Everybody wants to make a deal and have a part of it… we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. That is a big one. We are going to open up India,” Trump said at a White House event.
India's forex reserves down $1.02 billion to $697.93 billion as of June 20
Forex watch: India’s reserves fall $1 billion to $697.93 billion this week; gold and SDR values decline
📝  Foreign debt climbs: India’s external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%
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