Top Indian Metal & Energy Industry News & Updates - 26 May 2025,Monday
Govt. Policy / Industry
Vedanta eyes global and domestic acquisitions, strategic partnerships to bolster critical minerals portfolio
Vedanta’s Talwandi sabo plant emerges as Punjab’s top electricity generator
📝 PM Modi to launch projects worth over Rs 53,000 crore during two-day Gujarat visit
Read More >>
Iron & Steel
No tax impact of Bhushan acquisition case on JSW Steel
There is no immediate tax impact on the steel-maker because of the Supreme Court’s order for liquidation of BPSL, the company top brass said during a post result investor call..
Supreme Court to hear JSW Steel’s plea on Bhushan Power liquidation on Monday
New Delhi: The Supreme Court will on Monday hear a plea filed by JSW Steel Ltd, seeking a review of the court’s 2 May judgment that quashed the company’s ₹19,300 crore resolution plan for Bhushan Power and Steel Ltd (BPSL) and ordered the firm’s liquidation.
JSW Steel eyes a resurgence in overseas operations, lower costs in India in FY26
Mumbai: JSW Steel is eyeing a resurgence in its overseas operations in FY26, as capacity expansion, better realizations and the imposition of import tariffs aids its US subsidiaries while higher volumes and a better product mix lift the prospects of its Italian unit, a top company official said.
BPSL issue one-off, will weigh opportunities on merit: JSW Steel's Acharya
JSW Steel’s performance in Q4FY25 reflects an improved pricing environment and increased volumes. In an audio interview, JSW Steel Joint Managing Director and Chief Executive Officer, Jayant Acharya, tells Ishita Ayan Dutt that the company is on track with its expansion plans and will look at acquisition opportunities that make strategic sense. Edited excerpts:
JSW capex on course despite BPSL row, Rs 20,000 crore push for capacity, mining
JSW Steel Ltd, promoted by billionaire Sajjan Jindal, has outlined an investment of ₹20,000 crore in this fiscal to scale up capacity, build value-added downstream facilities and expand mining operations despite the setback over subsidiary Bhushan Power & Steel Ltd, which has been sent to liquidation by the Supreme Court.
Greenko, Adani, JSW to build bulk of India’s 51 GW pumped storage pipeline
JSW Steel defends BPSL revival efforts after Supreme Court setback
📝 JSW Steel's 50 MT plan on track despite Bhushan setback: CEO Jayant Acharya
📝 Recognition ceremony at Bokaro Steel Plant
📝 JSW Steel’s expansion comes a cropper
📝 Stainless steel players to take up import issue at global summit in Mumbai next month
Read More >>
Gold / Silver & Bullion
Foreign luxury jewellers chase India’s young, wealthy buyers
India’s jewellery market will soon have a global sparkle. At least half a dozen foreign luxury brands are set to swoop in over the next few months, chasing a younger and growing number of wealthy buyers looking for sleeker, modern and international designs.
Gold prices in India see a notable increase: review
📝 Despite interest surge in gold, institutional investors remain hesitant: Report
📝 Gold jewellery sales in India remain subdued amid high prices and economic uncertainty
Read More >>
Oil & Gas / OMCs
UP gets its first solar EV charging station, aims for 22,000 MW solar push by 2030
The state's first solar-powered electric vehicle (EV) charging station was opened in Banthra under Sarojininagar constituency on Friday. The station was inaugurated by BJP's Sarojininagar MLA Rajeshwar Singh.
Green hydrogen urgently needs demand-side push
India’s first-ever reverse auction that was intended to help in the price discovery for commercial green hydrogen showed that the gas could be priced at ₹400 per kg, or $4.7.
Petroleum exports volume down 12.5% in April, value plunges 35%
India’s exports of petroleum products declined by 12.5% in volume terms to 4.2 million tonnes in April, compared to 4.8 million tonnes in April 2024, according to data from the Petroleum Planning and Analysis Cell.
Watt next? EV charging station at every 5-km stretch
Delhi government's next electric vehicle policy will focus on strengthening the city's charging infrastructure, job creation and faster adoption of green mobility. Sources in the transport department said that the next policy was likely to target setting up low-cost, fast EV charging stations at every five-kilometre stretch across the capital.
📝 ONGC JV restarts production at Cauvery Basin
📝 ONGC makes promising oil, gas discoveries in Mumbai offshore
Read More >>
Coal / Mining
CIL to drive 1.15 bt coal production in FY26
India’s coal production will be led by Coal India (CIL), which is likely to account for more than three-fourth of the 1.15 billion tonne (bt) target for FY26, higher than its contribution in the last financial year.
📝 Uttarakhand Mining revenue crosses Rs 1100 crore in FY 2024-25
Read More >>
Power
NTPC plans Rs 55,920 crore capex to add 11,806 MW capacity across group in FY26
📝 Jaiprakash Associates' lenders approve Rs 936 cr cash outflow in June quarter
📝 Adani Group ahead of two others in race for Diamond Power stake
📝 NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced
Read More >>
Renewable Energy
📝 India registers 3-fold growth in renewable energy capacity to 232GW in last decade
Read More >>