Top Indian Metal & Energy Industry News & Updates - 09 Sep 2025,Tuesday

Govt. Policy / Industry

SC judge recuses from hearing plea seeking probe into US short seller's allegations against Vedanta
New Delhi: Supreme Court judge Justice K Vinod Chandran on Monday recused from hearing a plea seeking directions to authorities to investigate allegations made by US short seller Viceroy Research that billionaire Anil Agarwal's mining conglomerate was "financially unsustainable" and posing severe risk to creditors.
📝  Vedanta invests over ₹12,500 crore in metal manufacturing for EV sector
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Iron & Steel

30% export duty on low-grade iron ore soon
The government may impose a hefty 30% duty on low-grade iron ore exports by October to ensure an uninterrupted supply of the key raw material for steel companies, at lower prices, and promote value-added exports.
SAIL Dividend 2025: Check record date, eligibility and 5 ‘must-know’ details
Steel Authority of India (SAIL) is once again in focus this September. This Maharatna PSU has fixed the record date and ex-dividend date, and the countdown has begun for shareholders eyeing the Rs 1.60 per share payout. With the AGM scheduled soon and the dividend buzz around SAIL, let’s take a look at the key factors every investors should watch out for this company –
Jindal Steel's crude steel production may rise to 12 million tonnes in FY26, up 50% on year: Naveen Jindal
New Delhi: Production of crude steel by Jindal Steel is expected to be around 12 million tonnes in the 2025-26 financial year, mainly due to a new blast furnace the company is commissioning shortly. The company's crude steel output was 8.1 million tonnes during the same period last year.
Steelmakers push for lower input costs to be globally competitive
New Delhi: India’s leading steel producers are pushing for lower input costs to stay competitive globally, with a sharp focus on reforming iron ore supply and pricing mechanisms. Speaking at the ISA Steel Conclave 2025, top executives from Tata Steel, SAIL, JSW Steel, Jindal Steel and Power, and AM/NS India emphasized the need for government intervention to ease raw material pressures.
Steel demand, prices seen improving post September; safeguard duty sufficient: Naveen Jindal

Steel demand and prices are expected to firm up in the second half of FY26, even as global uncertainties continue to weigh on commodity markets, Naveen Jindal, Chairman, Jindal Steel Ltd and President of Indian Steel Association (ISA), said.
India’s Steel Industry seeks reforms in standards, green steel push, and GST simplification to strengthen competitiveness
 
📝  Tata Steel shares jump 3% to hit fresh 52-week high on strong sector tailwinds, brokerage optimism
📝  12% safeguard duty on steel products sufficient, will seek more if import create challenges: Naveen Jindal
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Gold / Silver & Bullion

International gold crosses USD 3,600 to touch new high; in India it's trading over Rs 1.08 lakhs/10gms
New Delhi: Gold futures breached the USD 3,600 per ounce mark on Monday, marking their fresh all-time high, on expectations that the US Federal Reserve will cut the key policy rate.
Gold, silver futures rebound to record highs on weak US jobs data, Fed rate cut bets
 
📝  Gold demand falls over 25% this festive season as buyers cut back
📝  Gold falls Rs 200 to Rs 1,07,670/10 g, silver declines Rs 1,000 in Delhi markets
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Oil & Gas / OMCs

Crude oil prices seen in $60–70 range in 2025, may fall further by year-end
Crude oil prices are likely to average around $60-70 per barrel in 2025 with a potential to fall below $60 by the end of the year on  increasing supply by the Organisation of Petroleum Exporting Countries and weakening global demand, analysts say.
📝  Indian Oil says Russia's spot oil supply is normal
📝  Explainer-Why E20 fuel is causing angst in auto market
📝  India’s state-owned refiners seek to fully revive Russian crude buys despite US pressure
📝  India's oil-demand growth set to outpace China, says Trafigura Group
📝  Oil gains despite OPEC+ planning to boost output
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Coal / Mining

📝  CIL mulls setting up data centres in decommissioned mines to boost digital infra, sustainability
📝  Domestic coal production drops marginally in April-August period to 381.75 MT
📝  Uni Abex Alloy to invest Rs 100 crore to double production capacity of high-performance alloys
📝  Taurian MPS IPO opens for subscription. Check GMP, price band and other details
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Power

📝  'High-voltage direct current lines supply chain needs sops'
📝  JSW, Vedanta, Adani among companies keen to buy GVK Energy's asset
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Renewable Energy

Adani makes its first hydro bet
Shares of Adani Power Ltd rose 4% to ₹634 apiece on Monday after the company announced a joint venture (JV) with Bhutan’s state-owned utility Druk Green Power Corp. to build a 570 MW hydroelectric project at Wangchhu. Adani will hold a 49% stake in the JV, which will see an initial investment of ₹6,000 crore. Since its holding is below 50%, the JV’s financials will not be consolidated line by line but would reflect in Adani’s net profit as share in JV.
Govt eyes sub-target for renewable energy under priority sector lending
New Delhi: Developers of renewable power may get enhanced access to cheaper bank loans in the near future, with the Centre working on a proposal mandating dedicated priority lending for such projects.
ACME Solar orders 2 GWh battery storage system through Korean partner
 
Ceigall India makes green energy debut with 337 MW solar power LoIs from MSEDCL
 
📝  GREW Solar raises Rs 300 cr to fund growth plans
📝  Gautam Solar to set up 5 GW solar cell manufacturing plant in Madhya Pradesh at Rs 4000 crore
📝  India revokes grid access for 17 GW of clean energy projects, says source
📝  Vikram Solar bags 336 MW module supply order from L&T for Khavda solar project
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