Top Indian Metal & Energy Industry News & Updates - 04 Nov 2025,Tuesday

Govt. Policy / Industry

Manaksia Coated Metals & Industries signs MOU's amounting to Rs 500 Cr with certain European clients
Mumbai: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), one of the leading coated steel manufacturers and exporters, specialising in Galvanised and Pre-painted Steel, has signed a Memorandum of Understanding (MoU) with certain European clients, amounting to ₹500 Cr.
📝  India plans to raise rare earth magnet bet to $788 million
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Iron & Steel

Maiden Forgings gets registration as Ordnance Factory Board, Murad Nagar supplier
Mumbai: Maiden Forgings, one of the leading manufacturers of bright steel bars and wires, has been officially registered as a supplier with the Ordnance Factory Board, Murad Nagar under the Centralized Vendor Registration process. The new registration comes in addition to MFL’s existing registration with OFB Kolkata, marking another strategic move in the defence manufacturing ecosystem.
Fabex Steel Structures inaugurates ₹120-crore manufacturing facility
 
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Aluminium & Copper

Vedanta eyes FY26 growth with debt cut, demerger, and new capacities
Vedanta’s (VEDL) Q2FY26 consolidated revenue and operating profit beat consensus estimates due to strong returns from aluminium. Apart from various capacity expansions that will come online within the next financial year, captive coal and bauxite mines will cut costs and boost margins. Debt in parent Vedanta Resources (VRL) is expected to decline. Demerger and listing of the five demerged entities is expected by end-FY26.
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Gold / Silver & Bullion

Titan Q2 net rises 59% on high gold prices, beats estimate
Jewellery and watch maker Titan on Monday reported a 59.1% year-on-year rise in consolidated net profit to Rs 1,120 crore for the quarter ended September 30, 2025 (Q2FY26), as a steep rise in gold prices lifted the firm’s bottomline. The profit number was ahead of street estimates of Rs 1,079 crore forecast for the period.
Titan Q2 net rises 59% on high gold prices, beats estimate
Jewellery and watch maker Titan on Monday reported a 59.1% year-on-year rise in consolidated net profit to Rs 1,120 crore for the quarter ended September 30, 2025 (Q2FY26), as a steep rise in gold prices lifted the firm’s bottomline. The profit number was ahead of street estimates of Rs 1,079 crore forecast for the period.
📝  GJEPC charts out $100-billion export vision for India’s gem and jewellery sector
📝  Gold falls by Rs 300 to Rs 1,25,300/10g as firm dollar, trade optimism curb safe-haven demand
📝  Gold buying by central banks up 10% in Q3
📝  Gold ETFs hold their shine: AUM crosses ₹1 trillion mark for the first time
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Oil & Gas / OMCs

Robust refining & marketing margins, LPG sops to drive OMC profits in H2
State-owned oil marketing companies (OMCs) are likely to sustain their profitability momentum in the remaining quarters of the fiscal 2025-26 on the back of robust refining and firm marketing margins, as per analysts. This growth, experts believe, will also be aided by continued LPG under-recovery compensation from the government.
📝  Nayara imports rebound on Russian supply
📝  Russian oil flows to India set to surge ahead of US sanctions
📝  India's Russian oil imports rise in October, shiptracking data shows
📝  ThunderPlus, Trinity Cleantech launch ‘world’s first’ ethanol-based mobile fast charger
📝  West Bengal to launch 245 new EV charging and battery swapping stations for sustainable transport
📝  India's BPCL buys Upper Zakum crude for December to replace Russian oil, sources say
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Power

📝  Adani Power opts for arbitration to settle payment dispute with Bangladesh
📝  Bangladesh says contract with Adani could be scrapped in case of irregularities or corruption
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Renewable Energy

REC approves ₹7,500 crore for Brookfield’s Kurnool renewable energy project
The total project cost is estimated at ₹9,910 crore, marking the single largest REC sanction ever extended to a private-sector project, the TDP said in a statement on Monday.
CtrlS Datacenters, NTPC Green ink pact for 2 GW+ renewable power projects
New Delhi: CtrlS Datacenters on Monday said it has signed a strategic memorandum of understanding with NTPC Green Energy Limited (NGEL) to jointly establish grid-connected renewable energy projects with a capacity of up to 2 GW or more. The MoU was signed between CtrlS Founder & CEO Sridhar Pinnapureddy and NGEL CEO Sarit Maheshwari.
India’s untapped energy goldmine: Biogas for a self-reliant, circular and low-carbon future
As India progresses toward a $5 trillion economy and strives to meet its Net Zero by 2070 commitment, the need for clean, affordable and resilient energy is more urgent than ever. While solar and wind dominate the renewables conversation, another silent yet powerful energy opportunity lies buried in our farms, landfills, cattle sheds and sewage pipelines. Biogas-and its upgraded form, compressed biogas (CBG)-offers India a powerful solution at the intersection of waste management, clean energy, rural livelihoods and climate resilience. Often dismissed as a niche, rural option, biogas holds the potential to transform India’s energy landscape by reducing subsidy burdens, cleaning up cities and rivers, empowering farmers and bringing climate commitments within reach. Yet despite proven technology, abundant feedstock, and bold policy announcements, India’s biogas revolution remains largely underdeveloped.
Jaipur's decentralised solar panel plants soar to 121 with 5 additions
“Through these decentralised small solar power plants with a total capacity of 9.28 Mw, 1314 agricultural consumers falling in the respective 33/11 KV substation areas will be able to get electricity during the day,” the official said.
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International

📝  Iron ore slips on declining steel production, rising inventories in China
📝  RPT-CATL taps outside suppliers for lithium ore as flagship mine stays closed
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Economy

Markets flat: Nifty ends near 25,800, Sensex muted; Maruti Suzuki slides 3%, Vodafone Idea jumps 9% – 4 key highlights
Indian equity benchmarks closed Monday’s trade on a muted note. The Nifty 50 closed the day 41 points or 0.16% higher at 25,763, and the Sensex rose 40 points or 0.05% to end at 83,978.
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