Top Indian Metal & Energy Industry News & Updates - 03 Nov 2025,Monday
Govt. Policy / Industry
Australia seeks deeper critical minerals partnership with India amid CECA talks
Australia is looking to expand strategic collaboration with India across a range of critical minerals, including lithium, cobalt, nickel, copper, vanadium and magnetite, as both nations advance negotiations on a Comprehensive Economic Cooperation Agreement (CECA).
Foreign mining firms assure rare-earth oxide supply under PLI scheme
📝 Global rare earth suppliers step in as India eyes self-reliance amid China curbs
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Iron & Steel
Expert panel recommends environmental clearance for ArcelorMittal Nippon Steel’s steel plant in AP
Hyderabad: An Expert Advisory Committee (EAC) of the Ministry of Environment, Forest and Climate Change has recommended environmental clearance for ₹ 1.5 lakh crore Greenfield ArcelorMittal Nippon Steel’s (AM/NS) steel plant at Anakapalli, Andhra Pradesh. The AM/NS plant will be developed over multiple phases, with the first phase targeting an 8.2 MTPA integrated steel capacity and the ultimate expansion planned to reach 24 MTPA. The facility will employ advanced, energy-efficient and low-emission technologies, meeting global standards for sustainability and carbon management.
📝 Steel makers seek more government measures to curb rising imports
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Gold / Silver & Bullion
Is it a time to buy gold?
As of November 2, 2025, gold prices in India have recently corrected after a strong rally earlier in the year, particularly around the Diwali festive season in late October. The price for 24-carat gold stands at about Rs 1,20,770 per 10 grams, down from highs near Rs 1,23,000 per 10 grams just days earlier.
Gold prices may consolidate for third week as traders eye US tariff hearing, global data cues
Gold prices are likely to see consolidation for the third straight week as traders focus on key macroeconomic indicators and policy developments, including the US Supreme Court's tariff hearing on November 5, analysts said.
📝 Titan Q2 Preview: Profit may surge 38% YoY; jewellery growth seen moderating amid high gold prices3.
📝 Gold, silver retreat before a likely rally
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Oil & Gas / OMCs
BPCL Q2 profit surges 169 percent to Rs 6,442 crore on strong operational performance
Source Credit: The Statesman
Bharat Petroleum Corporation Limited (BPCL), one of India’s leading public energy companies, today announced that its Profit After Tax (PAT) was Rs 6,442.53 crore in second quarter (Q2) of Financial Year 2026, marking a 169 percent increase as compared to Rs 2,397.23 crore in the corresponding quarter of the previous fiscal year.
📝 Festive season drives petrol sales but diesel lag
📝 India should halt sanctioned oil imports, seek tariff relief, and fair trade talks with US: GTRI
📝 GAIL India’s net profit falls 17% YoY amid rise in expenses
📝 Not worried about Russian crude oil because it represents 5% of the company’s overall basket, Hindustan Petroleum CMD
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Coal / Mining
Coal India chief calls for business overhaul to stay relevant amid changing energy landscape
Kolkata: Newly appointed Coal India Limited (CIL) Chairman Sanoj Kr Jha called for an "overhaul" of the state-run miner's business model and systems. He also emphasised on emerging production methods, stressing that the organisation must adapt swiftly to stay relevant amid the global shift towards renewable energy.
Foreign mining firms assure rare-earth oxide supply under PLI scheme
📝 Australian mining companies ‘prefer India over China’
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Power
Adani Energy expects stronger Ebitda growth in H2
Adani Energy Solutions (AESL) is looking to clock a stronger earnings before interest, taxes, depreciation, and amortisation (Ebitda) growth in the second half of this financial year versus the first half on the back of new project commissioning.
📝 Power consumption dips 6% to 132 billion units in October
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