Top Indian Metal & Energy Industry News & Updates - 07 Nov 2025,Friday
Govt. Policy / Industry
Critical minerals central to FTAs with Chile, Peru
In the latest round of negotiations for free trade agreements (FTAs) with Peru and Chile, New Delhi made substantial progress, with discussions on critical minerals supplies figuring prominently.
📝 India has huge potential in rare earths, needs to focus on processing capabilities: World Energy Council Chairman
📝 Adani’s $1.2 billion Kutch smelter signs MoU to source up to 71,000 tonnes of copper a year from Caravel’s Australian project
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Iron & Steel
ArcelorMittal net income rises 31% in September quarter
New Delhi: Steel and mining major ArcelorMittal on Thursday reported a 31.35 per cent rise in net income to $377 million in the September quarter. The Luxembourg-based company had posted a net income of $287 million in the year-ago period. The net income is attributable to equity holders of the parent company.
Evonith Steel to double capacity with ₹6,000-cr expansion plan
Mumbai: Evonith Steel (formerly Uttam Galva Metallics and Uttam Value Steel) plans to more than double capacity to 3.5 million tonnes per annum from 1.4 mtpa, with an investment of ₹5,500 crore – ₹6,000 crore over three years. The promoters of the company, Nithia Capital, plan to fund the expansion through internal accruals, debt, and an initial public offering in 18-24 months.
ArcelorMittal Nippon Steel India income down 6% on lower realisation
Mumbai: ArcelorMittal Nippon Steel India reported that its income in the September quarter was down 6 per cent at $1.5 billion against $1.6 billion due to fall in realisation. Production was up at 1.83 million tonnes (1.74 mt) while sales increased to 1.94 mt (1.89 mt). EBITDA was up 9 per cent at $217 million ($162 million), driven primarily by higher shipment volumes.
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Aluminium & Copper
Secondary Aluminium: Powering India's green growth, circular economy, and global competitiveness
Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project
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Gold / Silver & Bullion
📝 Recent surge in gold demand highlights transformation in global financial system: CareEdge Ratings
📝 Gold futures climb Rs 791 to Rs 1,21,313/10g on weak dollar, firm cues
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Oil & Gas / OMCs
The slow energy switch: IOC, BPCL, HPCL need faster ride to net-zero goals
Energy transition is a buzzword in the boardrooms of major state-run oil companies, which are key contributors to India’s rapidly growing greenhouse gas emissions. But three of them — Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — are yet to see their multi-trillion-rupee green investment ambitions translate into reality.
📝 Amid Russia supply concerns, Aramco cuts December crude rates
📝 Russian oil discounts said to widen as Indian and Chinese refiners cut purchases
📝 Mukesh Ambani's Reliance trying to re-sell Middle Eastern crude in rare move
📝 Oil flat as weak demand, oil glut weigh on market
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Coal / Mining
📝 Hindustan Zinc retains ranking in S&P Global Corporate Sustainability Assessment
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Power
📝 Vedanta signs pact with Tamil Nadu discom for supply of power
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Renewable Energy
India's renewable energy capacity has grown dramatically, capable of rapid momentum: World Energy Council Chairman
Abu Dhabi: India's sustained high growth rate will depend on its ability to transform its industrial base and energy system, Adnan Amin, Chairman of the World Energy Council, has said, noting that the addition of renewables has grown dramatically in India.
Saatvik Green Energy posts net profit of ₹83 crore in Q2 FY26
India's solar boom could create a Rs 3,700 crore recycling market in 2047: CEEW
Roshni Renewable LLP to establish Punjab's first Giga-scale solar module manufacturing plant
📝 Inox Wind bags new orders totalling 229 MW
📝 ACME Group appoints Jitendra Agrawal as COO manufacturing business
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International
JA Solar secures 1.2 GW module supply deal for Samarkand 1 and 2 PV projects in Uzbekistan
Beijing: JA Solar, a trusted global partner in green energy, signed a module supply agreement with Larsen & Toubro (L&T), the EPC contractor for the Samarkand 1 and 2 Solar PV Power Plants in Uzbekistan. Under the contract, JA Solar will supply all of the photovoltaic modules for the two utility-scale projects, reinforcing its role as a key solution provider in Central Asia's energy transition.
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