Top Indian Metal & Energy Industry News & Updates - 22 Oct 2025,Wednesday
Govt. Policy / Industry
Core sector growth slowed to 3% in Sept
📝 Rare earths are new assets: India to become credible alternative in critical mineral game; here's how
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Iron & Steel
Mangalam Worldwide Q2 net profit jump 52%
New Delhi: Stainless-steel manufacturer Mangalam Worldwide has reported a 52 per cent year-on-year rise in consolidated net profit at ₹10.53 crore for the quarter ended September 30, supported by higher revenues.
Recalibrate safeguard duty to stop dumping, says JSW Steel chief
Mumbai: JSW Steel has managed to protect its profit margins despite uncertainty over US tariff and geopolitical developments. The cost saving measures and focus on value-added products have helped the company in a seasonally weak quarter. Jayant Acharya, Joint Managing Director & CEO, spoke to businessline on the way forward.
Excerpts:
Thyssenkrupp in 'intensive' talks with Jindal over sale of steel unit
Frankfurt: Thyssenkrupp is in intensive talks with Jindal Steel International over the Indian group's interest in its steel business, the German conglomerate's CEO said, calling it "good cooperation" but signalling discussions could take a while. Jindal Steel International last month made an indicative bid for Thyssenkrupp Steel Europe (TKSE), Europe's second-largest steelmaker, to strengthen its foothold on the continent, in what could result in a sale of the business that has long been sought by management.
JSW Steel posts four-fold profit jump, expects robust second-half growth after GST cut
Source Credit: Sambit Saha , The Indian Express
There is renewed confidence in India story: JSW Steel CEO Jayant Acharya
📝 Jindal Steel International set to kick off thyssenkrupp leg work
📝 Jindal in 'intensive' talks with Thyssenkrupp for steel unit buy
📝 Stainless steel maker Mangalam Worldwide Q2 net profit grows to Rs 10.5 cr
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Gold / Silver & Bullion
Gold prices see biggest drop in four years after record-breaking surge – Here is all you need to know
Gold prices fell over 4% on Tuesday, as the dollar firmed and investors booked profits after expectations of U.S. interest rate cuts and sustained safe-haven demand drove the yellow metal to a fresh record high in the previous session.
Dhanteras shines: Jewellery sales hit Rs 85,000 cr, set to cross Rs 1 lakh cr by Diwali
Source Credit: ANI, The Tribune
📝 Will gold prices correct after Diwali? Domestic market likely to open lower following steep international drop
📝 Foreign price fall to add spring to local gold sales
📝 Gold, silver regain sheen on Diwali as safe-haven demand, value buying rise
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Other Metals
Hindustan Zinc achieves highest ever 2Q revenue and EBITDA; PAT surges 19% QoQ
📝 Hindustan Zinc to boost silver output by 30% as price surges
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Oil & Gas / OMCs
Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending
New Delhi: KP Group company KPI Green Hydrogen and Ammonia, Desco Infratech Ltd, and Naveriya Gas have joined hands to spearhead hydrogen–natural gas blending projects, a statement said on Saturday.
Basement EV charging restrictions could hit adoption, says industry
The provisions of the draft National Building Code, which prohibit charging of Electric Vehicles (EVs) below the ground floor in residential and commercial buildings, are likely to hinder the adoption of EVs among consumers.
📝 Karnataka to set up 1,500 high-capacity EV charging stations under PM E-Drive scheme
📝 Oil prices stabilise as oversupply concerns ease
📝 Jio-BP clocks 34% volume growth in petrol, diesel sales
📝 India’s energy demand soars: 67 million daily fuel station visits, says Hardeep Singh Puri
📝 Statiq rolls out new EV charging membership programme
📝 Crude oil futures ease amid weak spot demand
📝 State-run oil and gas companies spend ₹46,600 cr - 35% of FY26 capex target till August
📝 India’s smart oil game: Balancing Washington, Moscow, and energy security. What does it mean for Russia
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Coal / Mining
‘We will a play crucial role in reducing India’s import reliance on critical minerals,’ Deshnee Naidoo CEO Vedanta Resources
Vedanta Resources has laid out an ambitious road map to transform itself into a $100 billion energy, critical minerals, and tech conglomerate. The company is aggressively investing in backward integration and asset acquisitions backed by major expansions in aluminium, copper, oil & gas, and rare earths both in India and overseas, CEO Deshnee Naidoo told Arunima Bharadwaj. Naidoo said the company will complete the demerger process within this fiscal, enabling it to unlock greater value.
Coal imports fall marginally in August as extended monsoon hits demand
India’s coal import dropped by a marginal 0.6 per cent to 20.58 million tonnes in the month of August, over the year-ago period. The country’s coal import was 20.70 MT in the corresponding period of the previous fiscal.
📝 Centre offers incentives for speedier mine operationalisation
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Power
Jaiprakash Power Ventures Q2 profit flat
New Delhi: Jaiprakash Power Ventures Ltd on Saturday said its net profit in September quarter FY26 was almost flat at ₹182.10 crore. It had clocked a net profit of ₹182.66 crore in the year-ago period, a BSE filing said.
Explainer: Why cost-reflective tariffs are critical for power sector reforms
The draft Electricity (Amendment) Bill 2025 aims to bring in cost-reflective power pricing, eliminate cross-subsidies and end discom monopolies. This will ensure financial viability of discoms while enhancing industrial competitiveness, explains Ankit Jain
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Renewable Energy
Vikram Solar to commission 11 GW module manufacturing facilities in Tamil Nadu by FY26-end
Vikram Solar, one of the leading Indian solar module manufacturers, is planning to commission a total of 11 GW module manufacturing facilities in Tamil Nadu by this fiscal-end, raising its installed module manufacturing capacity to 15.5 GW. The Kolkata-based company is looking to commission 5 GW and 6 GW module manufacturing units at Vallam and Gangaikondan in Tamil Nadu in the third quarter and fourth quarter, respectively.
‘India needs all energy sources to meet its demand’, says HFE CEO Srivatsan Iyer
Hero Future Energies (HFE), which reports suggest is looking at an initial public offering (IPO) to raise about Rs 3,500 crore, recently raised Rs 1,908 crore in funding from State Bank of India (SBI) and Canara Bank. Srivatsan Iyer, chief executive officer of HFE tells Raghavendra Kamath about the company’s plans and his views on Indian renewable energy sector .
📝 Reliance to begin solar power generation from Kutch project in H1 FY27
📝 Reliance Industries’ Rs 1.5 lakh crore new energy venture to boost revenue from next year
📝 Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending
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