Top Indian Metal & Energy Industry News & Updates - 04 Sep 2025,Thursday
Govt. Policy / Industry
Government approves Rs 1,500 crore recycling scheme for critical minerals, aims to generate 70,000 jobs
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a Rs 1,500 crore Incentive Scheme to develop recycling capacity in the country for the separation and production of critical minerals from secondary sources.This scheme is part of the National Critical Mineral Mission (NCMM), which is aimed at building the domestic capacity of and supply chain resilience in critical minerals.
Govt to launch financing framework to reuse de-coaled mines
New Delhi: The government will launch a financing framework to reuse the mines from which coal has been extracted on Thursday, according to an official statement.
GST reforms coming in food, education, steel, cement, health, textiles, says Andhra FM P Keshav
New Delhi: Andhra Pradesh government is fully supporting centre's proposals of introducing two slab structure of goods and services taxes (GST) and there will be relaxation in the tax slab for food items, education, steel, cement, health, textiles, confirmed Andhra Pradesh Finance Minister P Keshav on Monday.
📝 Centre amends forest rules to ease clearance for critical minerals, defence projects
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Iron & Steel
Karbonsteel Engineering Limited IPO opens on Sep 08, 2025
India's steel demand to triple by 2050 as China's share contracts: WoodMac
📝 Pradhin Ltd plans to foray into steel, raw material exports, mulls bonus issue
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Aluminium & Copper
📝 Sharvaya Metals raises Rs 17 crore from anchor investors ahead of IPO launch
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Gold / Silver & Bullion
Silver beats gold in yearly gains with investors chasing higher returns
Silver appears to be entering its golden age. Silver has beaten gold in yearly gains as investors flock to precious metals during global uncertainty.
Gold prices in India expected to trade between Rs 99,500-110,000 in 2025: Report
New Delhi: Indian gold prices are expected to continue rising, trading in the range of Rs 99,500 to Rs 110,000 per ten grams over the rest of 2025, and moving higher to Rs 110,000 to Rs 125,000 in the first half of 2026, according to a research note by ICICI Bank's Economic Research Group.
De-dollarization drives gold to an all-time high price
After consolidating gains, gold has resumed its upward trend. Gold price remained below $3,500 after reaching a record high on April 22. Now, the gold price has crossed the resistance at the previous all-time high of $3,500 and is currently trading at $3,535 on September 3.
📝 Gold at Rs 1,09,500, fresh high of $3538 in international market
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Other Metals
Krupalu Metals Limited to launch SME IPO on BSE to fund expansion
Jamnagar: In a significant move to fuel its growth and enhance manufacturing capabilities, Krupalu Metals Limited, a key player in the brass and copper industry, has announced its Initial Public Offering (IPO) on the SME platform of the Bombay Stock Exchange (BSE SME). The IPO, a fixed-price issue aiming to raise ₹1,347.84 lakhs, will be open for subscription from September 8, 2025, to September 10, 2025.
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Oil & Gas / OMCs
Explained: What Supreme Court’s ruling on E20 ethanol petrol means for you
In recent weeks, concerns have been expressed over big fuel efficiency drops and engine damage in vehicles using E20 petrol. There were also apprehensions that insurers may not honour motor insurance policies in case of engine damage due to usage of incompatible fuel, especially after select carmakers reportedly said E20 fuel hadn’t been tested for compatibility with older vehicles. While India had been rolling out E20 fuel since 2023, older blends like E5 and E10, considered to be more compatible with older vehicles, were also available. However, since the last few months, these older fuel mixes are no longer available. Signages at petrol pumps asking customers to verify with their auto makers on the suitability of E20 prior to fuelling added to the fears.
📝 Moscow oil gets cheaper for New Delhi
📝 Oil prices hold on to gains from US sanctions
📝 EV adoption to fuel India’s 6 per cent annual energy demand growth till 2030: CareEdge
📝 IAC seeks uniform 5 per cent GST for auto, commercial and industrial LPG
📝 Crude shock: Sanctions choke non-Russia oil flow to Nayara
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Coal / Mining
Coal stocks at thermal plants up 27% on lower power demand amid robust rains
New Delhi: India's domestic coal stocks at its thermal power plants are at 47.5 million tonnes (mt), about 27% higher than the year-ago level of 37.2 mt, said two people in the know of the development. The fuel's stock has risen as above normal monsoon rains have led to lower-than-expected electricity demand, and also an increase in hydel power generation.
More trouble for Vedanta? Govt defers decision on 700-hectare bauxite mining project in Odisha
📝 Coal India Ltd.’s renewable plan looks at a future beyond coal
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Power
Order boost: BHEL bags Rs 2,600 crore from MB Power
Bharat Heavy Electricals Limited (BHEL) has accepted a Letter of Intent from MB Power, Madhya Pradesh, for the supply of boiler, turbine, and generator for the 800 MW Anuppur Thermal Power Project.
📝 India to test battery storage at coal plants to balance grid as solar power surges
📝 Andhra Pradesh expedites Rs 14,962 cr transmission network project to meet rising power demand
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Renewable Energy
GST cut on solar cells to reduce costs, tariffs
The proposed cut in GST rates on solar equipment and assorted devices run on solar energy are expected to reduce costs for developers, and manufacturers, and help accelerate the adoption of key non-fossil fuel energy.
Borosil Renewables Q1 FY26 results: Loss widens to ₹203.48 crore
It had reported a loss of Rs 14.23 crore in the April-June period of preceding 2024-25 financial year, the company said in an exchange filing.
India to add record 43 GW renewable energy capacity in 2025: Pralhad Joshi
Renewable energy investments in India rise 45% to $1.23 bn in August
📝 Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
📝 ACME Solar secures 50 MW dispatchable renewable project from Tata Power-D
📝 Inox Green signs O&M agreements for solar projects of 189.1 MWp
📝 Coal India issues tenders to build 5 GW of renewable power capacity
📝 KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
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