Top Indian Metal & Energy Industry News & Updates - 30 Oct 2025,Thursday
Govt. Policy / Industry
India crosses 500 Gw power capacity, non-fossil sources contribute over 50%
New Delhi: The power ministry on Wednesday said India has achieved the milestone of crossing 500 Gigawatt (Gw) in total power capacity, with non-fossil fuel sources contributing over half of it.
India's maritime sector to create 15 mn jobs by 2047: Hardeep Singh Puri
He also said that the government was working on a slew of steps, including aggregating public sector undertaking (PSU) cargo demand, to give long-term charters to Indian carriers.
📝 How electricity-free cooling could power India’s next green tech revolution
📝 Government proposes new scheme for restructuring power distribution utilities with private participation
📝 India, Nepal sign pact to develop power lines
📝 India considering $12 billion plan to bail out state power distributors
📝 Govt to do away with green clearance for pilot projects for underground coal gasification
📝 Steel tycoon Mittal's part-owned Indian refiner stops buying Russian oil
📝 SEBI puts Vedanta Group’s Sterlite electric IPO on hold
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Iron & Steel
NMDC Steel Q2 loss narrows to ₹114 crore
New Delhi: NMDC Steel on Wednesday reported narrowing of net loss to ₹114.78 crore for September quarter FY26, driven by increase in revenues.
SAIL declares financial results for H1 FY’26; delivers strong physical and financial performance
📝 SAIL net profit slumps 53% despite higher revenue
📝 India, EU need more talks on steel, autos, carbon levy for trade deal
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Aluminium & Copper
📝 India's copper demand rises by 9.3% in FY25: Report
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Gold / Silver & Bullion
Gold rally has reserves jumping by $31 billion this fiscal so far: RBI
Source Credit: Benn Kochuveedan, New Indian Express
📝 Wedding season glitter returns as gold dips below ₹1.2 lakh, jewellers restock
📝 Gold rebounds Rs 2,600 to Rs 1,24,400/10g on strong global cues
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Oil & Gas / OMCs
BPCL clarifies stance on Russian oil imports, focuses on commercial viability
State-owned BPCL has said its crude procurement is based on techno-commercial viability for its refineries and it buys from every geography including Russia.
📝 Mittal-HPCL JV halts Russian oil purchases after fresh sanctions
📝 Managlore Refinery pauses plans to buy Russian oil to avoid sanctions risks
📝 Indian Oil to team up with Vitol in global trading push, source says
📝 Oil prices little changed as markets eye US-China trade talks
📝 25 EV charging centres to come up in Prayagraj
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Coal / Mining
Coal India Q2 net falls 32% at ₹4262.64 crore as Ebitda skids
Kolkata: State-run coal miner Coal India on Wednesday reported around 32 per cent year-on-year fall in its consolidated net profit to ₹4262.64 crore for the second quarter this fiscal, as its Ebitda for the period witnessed around 14 per cent y-o-y decline. The single largest coal producer in the world had posted a net profit of ₹6274.80 crore in the second quarter of last fiscal.
NMDC PAT up 33 % at ₹1,694 cr in Q2
📝 Coal ministry puts up 41 mines for auction
📝 Reconstitution of NCLT Mumbai further delays Vedanta demerger; next hearing on November 12
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Power
BHEL beats street, returns to profit with Rs 375 crore, up threefold, in Q2
Mumbai: Driven by robust execution and a recovery in the power equipment segment, the public sector Bharat Heavy Electricals (Bhel), which has been in the red for the past two quarters, has returned to the green with a Rs 375 crore net income in the September quarter, logging in a growth of 260 percent over the trailing 12 months period and a net loss of Rs 455.5 crore in the preceding June quarter.
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Renewable Energy
Suzlon Energy shares surge nearly 3% today: Here’s why
The share price of Suzlon Energy is in focus today (October 29), up nearly 3% in intraday trade. The renewable energy major announced a key leadership change ahead of its quarterly earnings. The company’s board has approved the appointment of Rahul Jain as the new Chief Financial Officer (CFO), effective December 15, 2025.
Chandigarh Administration mulls additional Rs 30,000 subsidy on rooftop solar plants
A proposal in this regard has been submitted to the Ministry of Home Affairs (MHA) for approval, said a senior official.
GREW Solar to expand module capacity to 11 GW at Jaipur
Solex Energy to invest $1.5 billion in solar manufacturing, eyes US exports
Indian solar module manufacturer Solex Energy will invest $1.5 billion over the next five years to expand manufacturing as it targets exports to the United States, a top executive told Reuters on Wednesday.
📝 Clean energy expo to be organised in Greater Noida on October 30
📝 Inox Solar inks pact with LONGi to supply 5 GW of solar modules
📝 Suzlon appoints Rahul Jain as Chief Financial Officer
📝 Goldi Solar sees over Rs 1,400 crore capital infusion from Havells India, others
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