Top Indian Metal & Energy Industry News & Updates - 17 Oct 2025,Friday
Govt. Policy / Industry
Centre unveils first State Mining Index to boost reforms in mineral sector
📝 Rare earth supply now key concern after China curbs exports: Companies nudged to build critical mineral capacity
📝 China wants India to stop copying its playbook
Read More >>
Iron & Steel
JSW Steel Q2 preview: Poor demand, volatile prices, oversupply set to shrink margins
Seasonal demand weakness, continued pressure from low-priced Chinese steel, margin pressure due a prolonged monsoon, volatile prices and an oversupplied market are likely to have hurt the performance of JSW Steel in the second quarter of fiscal year 2026 (FY26), analysts said.
📝 Tata Steel signs contract with AWIPL for operation and maintenance of Air Separation Unit
📝 NMDC Steel product bags BIS certification
Read More >>
Gold / Silver & Bullion
'Won't be surprised if we run out': Tanishq CEO says sky-high gold prices have not dampened festive demand
The festive season is in full swing and the impact can be seen on jewellery sales too, as revealed by figures of Tanishq, jewellery brand owned by Titan Company. The days leading to Dhanteras and Diwali recorded a strong surge in jewellery demand despite gold prices reaching all-time highs of ₹1,30,000 levels per 10 gm.
Diwali shoppers lock in gold prices with bars and coins, jewellery demand slows
Gold prices are at an all-time high ahead of Diwali and the wedding season, but it has not slowed down the consumer demand though many of them seem to prefer "solid bullion" rather than jewellery, traders said on Thursday.
Gold, gifts & GST: What your festive season purchases could be costing you
Why silver shortage gripped global market; know real reasons, its impact and more
📝 MCX gold at new high while lower premiums and strong rupee curb physical market ratesg
📝 Gold prices soar ahead of Diwali; consumers prefer solid metal over jewellery
Read More >>
Other Metals
Hindustan Zinc could be re-rated amid silver price surge
Read More >>
Oil & Gas / OMCs
Indian auto makers look for alternatives as China tightens EV tech export
With China imposing fresh export controls on technologies used in lithium batteries, cathodes, and graphite anodes, primarily used in electric vehicles, Indian manufacturers are trying to import technology from other Asian and European countries, said auto manufacturers and industry bodies.
No formal directive from govt on halting Russian oil imports: OMCs
Even as US President Donald Trump claimed that India would reduce its purchases of Russian crude oil, domestic oil marketing companies say that the Indian government has not issued any formal directive to them to reduce crude imports from Russia.
Russian oil and US trade talks: latest Trump claim frames Delhi’s challenge
📝 UK sanctions Gujarat oil refinery: There should be no double standards on energy trade, says India
📝 Mangalore Refineries seeks cheaper oil amid US pressure, aims to continue Russian imports
📝 Some Indian refiners to move away from Russian oil, sources say
📝 Manali Petrochemicals to sell UK subsidiary Notedome Ltd to Italian firm
Read More >>
Coal / Mining
📝 Shyam Metalics plans Rs 10k cr capex to increase capacity, Rs 40k cr topline in 2031 vision document
📝 Critical mineral firms ramp up Washington lobbying to secure US government investments
Read More >>
Power
Global power sector struggling on broken supply chains, component crunch: Hitachi Energy CEO
New Delhi: With the global energy transition running into political and supply-chain roadblocks, the world’s power sector is facing a critical shortage of transformers and other key components. Fragmented supply networks, geopolitical tensions, and growing scepticism over Chinese equipment have stretched delivery timelines from months to years, threatening to slow grid expansion worldwide.
Power Mech Projects bags ₹2,500 crore order from BHEL
New Delhi: Infrastructure firm Power Mech Projects on Thursday said it has bagged an order worth ₹2,500 crore from state-owned engineering firm Bharat Heavy Electricals Ltd (BHEL).
📝 Transmission industry must boost capacity amid rising demand: Hitachi Energy CEO Andreas Schierenbeck
Read More >>
Renewable Energy
Tata Power launches Solar Skill Centres of Excellence in Tamil Nadu
The centres, set up in partnership with the Directorate of Employment & Training (DET), Government of Tamil Nadu, will build a steady pipeline of certified talent for the state’s growing renewable ecosystem anchored by Tata Power’s 4.3 GW, single-location solar cell and module manufacturing plant in Tirunelveli.
India’s energy strategy—balancing national interests amid global pressures
New Delhi: India’s response to recent remarks by US President Donald Trump regarding its continued purchase of Russian oil underscores a fundamental truth often overlooked in international energy debates: sovereign nations must prioritize their domestic consumer interests above geopolitical pressures. Foreign Ministry’s reaction succinctly captures India’s pragmatic stance—energy security and price stability remain paramount in a global market defined by volatility.
India, Brazil to strengthen energy partnership: Union minister Hardeep Singh Puri
New Delhi: India and Brazil are working to expand their long-standing partnership, especially in the energy sector, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Thursday after meeting with Brazilian Vice President Geraldo Alckmin.
Vikram Solar Q2 net profit jumps 17-fold to ₹128.49 crore
Kolkata: Vikram Solar, one of the leading Indian solar module manufacturers, on Thursday reported over 17-fold year-on-year jump in its consolidated net profit to ₹128.49 crore for the second quarter of this fiscal, as its revenue almost doubled during the period. The Kolkata-based company had posted a net profit of ₹7.36 crore in the second quarter last fiscal.
Jakson Green, Blueleaf Energy announce financial close for 840 MWp Rajasthan solar projects
New Delhi: Jakson Green and Blueleaf Energy on Thursday announced the financial close of their 840 MWp solar project in Bikaner, Rajasthan.
📝 NTPC Green Energy makes operational 12.5 MW solar capacity
📝 Blue Energy signs pact with Maharashtra govt to set up facility with Rs 3,500 cr investment
📝 Waaree Energies Q2 Results: Cons PAT skyrockets 133% YoY to Rs 842 crore, revenue surges 70%. Check dividend
Read More >>
International
📝 Rare earths: strategic metals key to future tech
Read More >>