Top Indian Metal & Energy Industry News & Updates - 29 Nov 2025,Saturday

Govt. Policy / Industry

Mines ministry notifies new royalty rates for 4 critical minerals
 
📝  Govt eyes bullion hallmarking, framework for lab-grown diamonds to protect consumers
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Gold / Silver & Bullion

Digital Gold adoption rises; PhonePe's Sameer Nigam explains key drivers
New Delhi: Digital Gold, described by PhonePe CEO and co-founder Sameer Nigam as "physical gold sold digitally", is rapidly emerging as a preferred savings instrument for millions of Indians.
📝  Gold outshines diamond this wedding season
📝  India targets price-making role in gold market with domestic mining push
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Other Metals

Hindustan Zinc highlights zinc’s role in protecting vehicles and infra from corrosion
 
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Oil & Gas / OMCs

GAIL stock slides as tariff hike lags expectations
The Petroleum and Natural Regulatory Gas Board on Thursday revised transmission tariffs for state-run GAIL to Rs 65.69 per Million Metric British Thermal Unit (MMBtu), up 12% against the current tariff of Rs 58.6 per MMBtu. The tariff of Integrated Natural Gas Pipeline (INGPL) will come into effect starting January 1, 2026.
📝  Swelling supply to keep oil prices under strain in 2026
📝  GAIL shares slump over 6% on PNGRB’s lower-than-expected transmission tariff revision
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Coal / Mining

📝  Govt adds 18 private entities to list of agencies authorised to explore coal, lignite resources
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Power

📝  Green power to play key role in India's energy mix by 2047: Secretary
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Renewable Energy

INOXAP secures long-term nitrogen supply contract for ReNew’s solar module facility
New Delhi: INOX Air Products (INOXAP) has signed a long-term agreement with ReNew Photovoltaics for the supply of ultra-high purity (UHP) nitrogen to its upcoming TOPCON solar cell manufacturing facility at Dholera (Ahmedabad). As part of this strategic engagement, INOXAP will invest in construction of a state-of-the-art Air Separation Unit (ASU) in Dholera to ensure a reliable and uninterrupted supply of UHP Nitrogen.
Borosil Renewables receives Rs 14.21 crore subsidy from MEITY for expansion
Borosil Renewables received a capital subsidy of Rs 14.21 crore from the Ministry of Electronics and Information Technology (MEITY) on November 27, the company said in an exchange filing on Friday, November 28. The support has been granted under MEITY’s Modified Special Incentive Package Scheme.
UP achieves 1 gigawatt of solar power under PMSS
 
US tariffs drag down India’s solar PV module exports in July-September 2025
The tariffs imposed by the US, which accounted for almost all of India’s solar PV module exports in 2024, is impacting competitiveness of the domestic manufacturing sector with outbound shipments declining for the first time in Q3 2025 after rising for four consecutive quarters. “Module exports from Indian manufacturers declined this quarter due to the imposition of a 50 per cent tariff by the US. In Q3 2025, around 883 megawatt (MW) of modules were exported by 7 key players,” JMK Research & Analytics said.
📝  Indian firms like L&T, ITC step up green goals with bigger renewable, recycling, and net-zero commitments
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International

📝  Iron ore posts third weekly gain on infrastructure demand
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Economy

Rupee hits new low at 89.45
The Indian rupee fell a fresh low on Friday amid pressure from importers. The currency closed at 89.45 against the dollar, after hitting intra-day low at 89.49. However, the intervention from the Reserve Bank of India (RBI) through its dollar sales prevented the further fall, said forex traders. 
India’s forex reserves fall $4.47 billion to $688.1 billion on gold decline
India’s forex reserves declined USD 4.472 billion to USD 688.104 billion during the week ended November 21 due to a steep decrease in the value of gold reserves, the RBI said on Friday.
Economists hail India’s 8.2% Q2 GDP as ‘Blockbuster’, see FY26 growth beating estimates
India’s real GDP grew 8.2 per cent  YoY in Q2 FY26 compared to  5.6 per cent in Q2 FY25. The Nominal GDP grew 8.7 per cent during the period, according to the government data. 
📝  India to lead emerging market & APAC growth this year and next: Moody's
📝  India's forex reserves decline by $4.47 billion to $688.10 billion as of November 21
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