Govt launches 12th round of commercial coal mine auctions
New Delhi: Coal Minister G Kishan Reddy on Thursday launched the 12th round of commercial coal mine auctions under which the government is offering 25 blocks from seven coal-bearing states, furthering efforts to boost domestic production and strengthen energy security. Of the total coal mines being offered, 7 blocks are under Coal Mines (Special Provisions) Act, 2015 (CMSP Act) and 18 mines under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act). 
 

GAIL, Coal India form joint venture to boost synthetic gas production
GAIL (India) Limited and Coal India Limited on Tuesday announced the formation of a joint venture, Coal Gas India Limited, to expand the use of synthetic natural gas.

JSW Infrastructure acquires slurry pipeline business for ₹1,617 crore
Mumbai: The shares of JSW Infrastructure Limited were trading at ₹325.35 up by ₹9.35 or 2.96 per cent on the NSE today at 2.45 pm. JSW Infrastructure Limited has completed a significant business acquisition, executing a Business Transfer Agreement on March 25, 2025, to purchase a slurry pipeline business from JSW Utkal Steel Limited, a wholly owned subsidiary of JSW Steel Limited. The transaction, valued at ₹1,617 crore and subject to closing adjustments, involves the acquisition of a pipeline for transporting iron ore from Nuagaon mines to Jagatsinghpur in Odisha.

ArcelorMittal Nippon Steel India launches first scrap processing facility in Maharashtra
Mumbai: ArcelorMittal Nippon Steel India has commissioned its first scrap processing facility of 120 kilo tonnes per annum at its Khopoli manufacturing facility in Maharashtra.

As India's steel deficit widens, baldota's Rs 54,000 cr plant can play a crucial role in strengthening domestic capacity by more than 5%
 

Vedanta shares in focus after Rajiv Kumar’s appointment as aluminium business CEO
Vedanta shares are set to remain in the spotlight today as the mining and metals giant undergoes a leadership change. With a seasoned industry veteran stepping in to steer its aluminium business and regulatory approvals for restructuring on the horizon, the Vedanta shares are likely to remain in focus today.

Centre discontinues Gold Monetisation Scheme, short-term deposits will continue
The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.

Gold hits record high amid trade tensions
Gold scaled a record peak on Thursday, as investors sought the safe-haven asset in response to escalating trade tensions and tumbling stocks, following Trump's new auto tariffs. Spot gold climbed 1% to $3,050.32 an ounce. Bullion has hit 17 record highs this year.

Gold rises as fears mount over Trump’s reciprocal tariff plans
Gold prices rose on Thursday as U.S. auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world’s largest economy. Spot gold was up 0.5% at $3,033.20 an ounce, as of 0535 GMT. U.S. gold futures gained 0.6% to $3,039.00.

Gold rises Rs 365 to reclaim Rs 91,000/10 gram-mark
 

Exicom and IONAGE collaborate to develop unified EV charging network in India
Exicom, a manufacturer of EV charging and critical power solutions in India, has announced a partnership with IONAGE, an EV charging software platform provider. The collaboration aims to establish a neutral and accessible EV charging ecosystem, simplifying charger discoverability, accessibility, and management across India.

ONGC Videsh expects headway in Mozambique offshore LNG project rollout
 

Is OPEC+ losing control on oil prices? A look at how Trump tariff changed equations
OPEC+ is losing its ability to control oil prices due to weak global demand and rising non-OPEC oil supplies. Now, after the change in administration in the US, the control of OPEC+ on oil prices seems to be at its lowest level, stated a report by Kotak Institutional Equities (KIE). “We cut our oil price assumption to $70/bbl for FY2026-27 and LT ($80/bbl earlier). Lower oil prices are negative for upstream,” it said. 

India’s coal demand hit an all-time high in 2024: IEA
New Delhi: India’s coal demand hit an all-time high in the 2024 calendar year (CY), on an annual basis, as prolonged heat waves led to a record surge in power demand coupled with an expanding industrial and commercial base. International Energy Agency’s (IEA) global energy review states “In India, the world’s second-largest coal consumer, demand grew by around 5.5 per cent or 40 million tonnes of coal equivalent (Mtce) in 2024, also reaching a new all-time high.”

Adani Energy acquires Mahan Transmission
Adani Energy Solutions acquires Mahan Transmission
The Financial Express

Karamtara Engineering to raise ₹1,350 cr for capacity expansion
Mumbai: Karamtara Engineering, a key player in the renewable energy and transmission line sectors, plans to raise fresh capital of ₹1,350 crore to fuel business growth. The company plans to relocate its solar tracker piles and piers manufacturing facility to a larger site at Gundale in Maharashtra. The new facility will not only accommodate increased production of solar products but also be versatile enough to manufacture other products like wind angular towers. Additionally, Karamtara intends to expand its structural steel profile production in Gundale, complementing its existing capacity at Unit Profiles in Palghar.