Top Indian Metal & Energy Industry News & Updates - 28 Oct 2025,Tuesday
Govt. Policy / Industry
📝 India’s green shift may accelerate coal power retirement by 2030
📝 Energy trade under strain amid double standards: Jaishankar
📝 India’s rare earth push hits new roadblocks: China curbs key equipment exports; Rs 7,300 cr magnet plan at risk
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Iron & Steel
After three years, India warming up to Russian steel imports again
New Delhi: After a gap of about three years, Russia is back among India's top five sources of steel, as Western sanctions force Moscow to reroute exports to Asia. The discounted shipments underscore the stress on Russian exports and India's rising demand for electrical steel used in transformers and electric motors.
Blase Capital HOT STEEL
JSW Steel, India’s largest private steel producer, delivered a strong operational performance in Q2-FY26, driven by high volumes despite lower steel prices. Prabhudas Lilladher noted in a recent report that the company “reported robust operating performance,” with consolidated sales volume up 20 per cent YoY (year-on-Year) to 7.34 million tonnes. Despite a 4.6 per cent QoQ (Quarter-on-Quarter) decline in average realisations due to monsoon-led weakness, cost management and operating leverage led to profitability. It expected “steel prices to firm up in the next two months with an increase in government spending on infra capex and GST-led enthusiasm.”
Jindal Steel Q2 preview: Weak earnings likely as steel prices slide and monsoon dampens demand
Jindal Steel Ltd is expected to post weaker earnings for the September quarter, in line with its domestic peers, as lower sales due to an extended monsoon and weaker prices are likely to have eaten into its profits, analysts said.
📝 Rashmi Group to set up steel, power plant in West Bengal
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Aluminium & Copper
NALCO shares rise 0.93% amid exchange fine dispute over Board composition
Mumbai: National Aluminium Company Limited (NALCO) shares closed at ₹238.30 on Monday, up ₹2.20 or 0.93 per cent, as the state-owned enterprise contests regulatory penalties imposed by stock exchanges.
📝 Hindalco shares jump over 6% in 3 days, hit record high on copper and aluminium rally
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Gold / Silver & Bullion
PN Gadgil Jewellers’ festive sales jump 74% – Dhanteras sales hit a record of Rs 277 crore
The sharp spike in gold prices surely added some sheen to PN Gadgil Jewellers’ festive sales. The Maharashtra-based jewellery retailer registered a 74% year-on-year sales growth during the festive season. The jeweller posted total sales of Rs 606 crore during the Diwali season. On Dhanteras, the company saw its highest-ever single-day sale at Rs 277 crore. On a yearly basis, the company’s Dhanteras sales grew by 105 per cent.
Gold prices drop close to US-China trade deal; silver extends losses
Gold prices declined on Monday after posting their first weekly loss since mid-August, as hopes of a trade deal between the United States and China reduced demand for safe-haven assets.
Recent rally in gold prices lifts household net worth, but consumption didn't rise: Report
📝 Gold falls to Rs 1,25,900/10 g in Delhi as trade optimism dulls safe haven demand
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Oil & Gas / OMCs
Indian Oil Q2 FY26 result: Posts Rs 8,190 crore profit vs Rs 448 crore loss last year
Indian Oil Corporation has reported a consolidated net profit of Rs 8,190.86 crore in the second quarter of the financial year 2025-26. Last fiscal year, the public sector company had reported a loss of Rs 448.78 crore in Q2.
Indian Oil says will abide by all applicable sanctions on Russian oil
Indian Oil Corporation (IOC), the nation’s biggest oil company, will comply with all applicable sanctions, Chairman Arvinder Singh Sahney said on Monday, steering clear of remarks on purchases from Russia. Indian refiners are likely to scale back on the import of Russian oil to avoid secondary sanctions on shipping and banking after the US imposed fresh sanctions with a view to curbing Moscow’s earnings from oil sales.
India’s crude oil import from US surges to record level since 2022
In what can be seen as an effort to ease tensions with the Trump administration, India has substantially increased its crude oil imports from the United States. The country’s crude oil imports from the US reached 540,000 barrels per day as of October 27, which is a highest level of surge since October 2022, as per Kpler.
CPCL posts ₹732-crore net profit in second quarter on improved margins, cost management measures
Chennai: Chennai Petroleum Corporation Ltd reported a net profit of ₹732 crore during the second quarter ended September 30, 2025, as against a loss of ₹623 crore in the corresponding quarter last year.
Russian oil import: IndianOil says will abide by all applicable sanctions
US sanctions on Russian oil majors: Indian Oil says will abide by all sanctions imposed by international community
IndianOil, Chennai Petroleum to not buy crude oil from Rosneft, Lukoil
Indian Oil Corporation (IoCL) will not procure crude oil from Rosneft and Lukoil—the two Russian oil giants who have been placed under sanctions by the US last week. Its subsidiary Chennai Petroleum Corporation (CPCL) has also reduced its exposure to Moscow’s crude cargoes. Asked about the oil marketing company’s (OMC) Russian crude oil purchases, IoCL Chairman A S Sahney said on Monday: “We will abide by the sanctions.” He did not offer any comments on the quantum of Russian cargoes the company will procure going ahead.
📝 India's September crude oil imports rise 1.7% M-o-M
📝 ThunderPlus, BijliRide tie up to expand EV charging and battery swapping network
📝 After RIL, IndianOil says it will abide by all sanctions
📝 LNG terminals may need to raise storage 10%
📝 Moscow ready to ramp up LNG supplies to India
📝 Hindustan Petroleum says HOECL’s crude hit Mumbai refinery ops, to seek damages
📝 Indian Oil Q2 Results: State-run refiner swings to Rs 7,818 crore profit, revenue up 4% YoY
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Coal / Mining
CoalMin proposes escrow fund for underground coal gasification blocks
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Power
📝 Indus Towers Q2 Results: Profit drops by 17% to Rs 1,839 crore
📝 Adani Energy Q2 Results: Cons profit falls 21% YoY to Rs 534 crore, revenue rises 7%
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Renewable Energy
Vikran Engineering wins ₹354-crore solar EPC contract in Maharashtra
Mumbai: Vikran Engineering has secured a ₹354-crore turnkey EPC contract from Ellume Energy MH SolarOne for a 100-MW AC/120 MW DC solar power project in Maharashtra, the company announced on Monday.
Adani Energy Solutions posts strong H1 FY26 results, EBITDA rises 13% to Rs 4,144 crore
Ahmedabad : Adani Energy Solutions Limited (AESL), part of the Adani group and India's largest private power transmission and distribution company, on Monday announced what it described as a robust financial and operational performance for the quarter and half-year ended September 30, 2025.
Crompton secures landmark solar rooftop order of Rs. 445 crs across over 40,000 homes
HCK Solar: The new speed king of clean energy
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