Top Indian Metal & Energy Industry News & Updates - 29 May 2025,Thursday

Govt. Policy / Industry

Increased capex, focus on rare earth minerals may shape India’s ‘Viksit Bharat’ journey: EY report
An increased capital expenditure and focus on rare earth minerals may shape India’s Viksit Bharat journey, according to a report by EY. It suggested that policy measures must balance consumption support with increased capital expenditure.
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Iron & Steel

NMDC Steel posts 179% revenue growth in FY25, narrows losses amid ramp-up success
 
SAIL Q4 Results: Cons PAT up 11% YoY to Rs 1,251 crore; Rs 1.6/share dividend announced
 
📝  SAIL FY25 net profit falls 23% to Rs 2,371 crore
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Aluminium & Copper

📝  EV and renewable energy push to increase domestic copper demand: Hindustan Copper MD
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Gold / Silver & Bullion

Malabar Gold & Diamonds weighs entry into lab-grown diamond segment
New Delhi: Malabar Gold & Diamonds is exploring an entry into the lab-grown diamond market with a distinct branding strategy, joining a small but growing list of large jewellery retailers eyeing the nascent segment.
📝  Gold climbs Rs 500 to Rs 99,000/10 g; silver rallies Rs 1,000/kg
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Oil & Gas / OMCs

Gujarat goes full throttle on CNG cars, petrol loses the lead
The tide is turning on Gujarat's roads — and it's powered by CNG. For the first time in Gujarat's auto history, CNG cars have outsold petrol ones. In FY 2025, sales of CNG and petrol-CNG vehicles touched 1.25 lakh units, beating petrol car sales which stood at 1.18 lakh, according to data by the Union ministry of road transport and highways (MoRTH). The shift signals changing consumer priorities — from power to practicality. As fuel prices rise, buyers are looking for smarter, cheaper ways to commute.
Oil India bags potash-halite block in Rajasthan in first-ever successful auction
New Delhi: Oil India Limited has bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, according to a statement from the state-owned company.
Prepared for $65 per barrel crude oil price range for FY26: OIL CMD Rath
 
📝  BP's Castrol business draws interest From Reliance, Apollo and Lone Star
📝  Domestic natural gas prices may fall in June on crude oil decline
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Coal / Mining

NMDC eyes acquisitions in lithium, copper, critical minerals; talks on in Australia and Indonesia for coking coal assets
 
📝  Decline of 7.9% in coal imports in FY25 results in foreign exchange savings of Rs 60,682 cr
📝  Industrial output growth slips to 2.7% in April, dragged by mining, power sectors
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Power

NTPC's project execution delays remain its Achilles heel
NTPC Ltd’s investors remain unimpressed with the 22% jump in its consolidated net profit to ₹7,900 crore for the March quarter because the company missed its capacity addition target of 6 GW in FY25 due to land transfer and supply issues. NTPC added 4 GW of capacity last year, including 2.1 GW from the Ayana Renewable Power acquisition.
📝  Adani Energy Solutions to consider fundraising on May 31
📝  AERB approves Mahi Banswara site in Rajasthan to build four 700 MWe nuclear power plants
📝  Power demand to grow at 6.5% CAGR over next 5 years: ICRA
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Renewable Energy

Reliance NU Energies gets letter of award for 350 MW solar project from SJVN
Reliance NU Energies receives LOA from SJVN Ltd for ISTS-connected solar cum battery storage project
The Hindu Business Line
📝  ACME Solar commissions 1st phase of 26.4-MW wind energy project in Gujarat
📝  BC Jindal bags 150 MW round-the-clock project from SECI
📝  Juniper Green Energy turns public in run-up to IPO
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