Top Indian Metal & Energy Industry News & Updates - 31 Oct 2025,Friday

Govt. Policy / Industry

📝  China grants licences to Indian companies to import rare earth magnets
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Iron & Steel

Jindal Steel’s new CEO says he tends to ‘stick around’
 
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Gold / Silver & Bullion

Gold, silver prices drop on MCX after Fed rate cut
 
📝  Gold demand dips 16% in India amid high prices
📝  India's gold investment demand surges above $10 billion in Sept qtr, says WGC
📝  Gold falls Rs 1,000 to Rs 1,23,400/10g on Fed's cautious tone, US-China trade progress
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Oil & Gas / OMCs

Indian Oil, Mangalore Refinery turn to Americas and Abu Dhabi crude as US sanctions hit Russian oil imports
State-run refiner Indian Oil is seeking more oil from the Americas, while Mangalore Refinery and Petrochemicals (MRPL) has bought Abu Dhabi crude to replace Russian oil, according to traders and a document reviewed by Reuters on Thursday.
Tata Motors partners THINK Gas to build LNG refuelling network for long-haul trucks
Tata Motors partners THINK Gas for truck LNG refuelling ecosystem
The Hindu Business Line
Indian state-backed refinery halts Russian oil amid growing US pressure
 
📝  Indian Oil seeks bids for 24 mn barrels of oil from Americas after Russia curbs
📝  Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet
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Coal / Mining

📝  Coal exchange rules to be finalised by November-end: Coal Secretary
📝  Chhattisgarh critical mineral block drilling to start in December, says Deccan Gold Mines MD
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Power

POWERGRID, Toshiba unveil India’s first 220kV Mobile GIS system
Hyderabad: Power Grid Corporation of India (POWERGRID) and Toshiba have launched the country’s first indigenously manufactured 220kV Mobile GIS (m-GIS) system. Toshiba Transmission & Distribution Systems (India) Private Limited (TTDI) has delivered the system to POWERGRID. The 220kV m-GIS System is designed and built fully in line with POWERGRID’s operational requirements, a statement said here on Thursday. Gas-Insulated Switchgear (GIS) is a compact and highly reliable system used for safe and efficient high-voltage power distribution, especially in space-constrained environments. “Recognising the need for mobility and rapid response, POWERGRID played a key role in conceptualising the technical contours of an m-GIS solution. The system offers rapid deployment and enhances grid flexibility, resilience, and disaster-readiness,” it said.
NTPC Q2 Results: Cons PAT declines 4% YoY to Rs 5,067 crore, revenue up marginally; Rs 2.75 per share dividend announced
NTPC Q2 profit jumps 3% to Rs 5,225 crore amid lower expenses
The Financial Express
NTPC to set up 2 archery academies in Chhattisgarh's Nava Raipur, Jashpur
 
📝  Megha Engineering unit to acquire Neyveli Power from Abu Dhabi’s TAQA
📝  MEIL Energy acquires 250 MW Lignite-based power plant in Tamil Nadu
📝  Adani Power Q2 Results: Cons net profit falls 11% YoY to Rs 2,953 crore, revenue rises marginally
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Renewable Energy

Developing BESS at an unprecedented scale; to unveil strategy soon: Adani Green
Ahmedabad: Adani Green Energy Ltd is developing Battery Energy Storage Systems (BESS) on a scale never seen before in India and is set to announce a comprehensive national strategy to accelerate the next phase of the country’s renewable energy growth.
📝  Pralhad Joshi pushes for 85% localisation in wind projects
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