Top Indian Metal & Energy Industry News & Updates - 20 Sep 2025,Saturday
Govt. Policy / Industry
Vedanta confident of completing demerger process by year-end: Arun Misra
New Delhi: Vedanta Ltd is confident of completing its proposed demerger by the end of this year, with the company dismissing speculation about government objections to its restructuring plans.
📝 Hindustan Copper, Oil India sign pact for exploration of critical minerals
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Iron & Steel
📝 Maharashtra to play leading role in green steel manufacturing: CM Fadnavis
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Gold / Silver & Bullion
India's first large private sector gold mine set to be commissioned soon: MD Deccan Gold Mines
New Delhi: India's first private sector gold mine at Jonnagiri in Andhra Pradesh, developed by Geomysore Services and Deccan Gold Mines, is set to be commissioned soon.
Gold may surge to record USD 6,600/oz, says Jefferies, comparing historical trends with US/Capita income
📝 Oil India signs pact with RVUNL for 1.2 GW green energy projects in Rajasthan
📝 Gold demand set to surge this festive season amidst tax cuts and investment interest
📝 Demand for traditional Assamese jewellery on the rise: Amazon India
📝 Gold rebounds Rs 800 in Delhi markets as global tensions boost safe-haven demand
📝 Gold rebounds Rs 572 to Rs 1,09,624/10 g on value buying, firm global cues
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Oil & Gas / OMCs
Oil India diversifies into critical minerals, inks pact with Hindustan Copper
Oil India and Hindustan Copper signed a Memorandum of Understanding (MoU) on September 19 to cooperate and collaborate for the exploration and development of critical and strategic minerals, including Copper and associated minerals.
GAIL's CGD east Singhbhum GA and Tata Steel sign gas sales agreement
New Delhi: GAIL (India) Limited, on Friday, achieved a milestone as its City Gas Distribution (CGD) network in East Singhbhum GA signed a landmark Gas Sales Agreement (GSA) with Tata Steel Ltd.
Crude import bill down 17% to $50-bn in April-August
India’s crude import bill declined by 17% to $50.4 billion in the first five months of FY26, compared with $60.7 billion in the year-ago period, according to data from the government’s petroleum planning and analysis cell.
Bolt.Earth deploys 1 lakh EV chargers
Source Credit: Deccan Chronicle
📝 Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production
📝 Oil India makes a splash in Russia, but won't get its hand on the money just yet
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Coal / Mining
📝 Vedanta declared preferred bidder for manganese block in Andhra Pradesh
📝 Vedanta bags manganese block in Andhra Pradesh
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Power
‘No impact’: says Reliance Power and Rel Infra after CBI probe on Rel Commercial Finance, RHFL
Reliance Power and Reliance Infra has clarified that the recent Central Bureau of Investigation (CBI) action against Reliance Commercial Finance (RCFL), Reliance Home Finance (RHFL) will not have any bearing on its operations, financial performance or governance.
Hydrogen power plant to be set up on Bengaluru outskirts
Bengaluru: A green hydrogen energy plant will be set up in the Hakki Pikki Colony (HPC) located on the periphery of Bannerghatta National Park (BNP), by Alliance University.
📝 JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 crore
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Renewable Energy
Waaree Energies charged up on strong solar demand, but tariff concerns persist
Waaree Energies Ltd's stock has been in focus lately owing to the company's offer to sell its 14.66% stake in Indosolar Ltd to comply with minimum public shareholding rules. Waaree acquired the Indosolar stake through an insolvency resolution in 2022.
Green hydrogen costs declined, may reduce further with GST cuts but USD 1-2/kg target remains distant: Report
New Delhi: The cost of producing green hydrogen in India is coming down, but the target of USD 1-2 per kg still looks far, according to a report by Emkay Securities.
Waaree Energies to acquire 76% stake in smart meter firm Racemosa
Mumbai: Waaree Energies shares traded higher on Friday, gaining 0.22 per cent to ₹3,508 in afternoon trading after the company announced its board’s approval for subsidiary Waaree Power Private Limited to acquire a 76 per cent stake in smart meter manufacturer Racemosa Energy (India) Private Limited.
Dhordo in Kutch set to become Gujarat’s fourth solar village
Ahmedabad: Prime Minister Narendra Modi, on his visit to Gujarat on Saturday, will dedicate Dhordo village in Kutch district --- recognised by the United Nations World Tourism Organisation (UNWTO) as the ‘Best Tourism Village’ --- as “Solar Village.” This will be the fourth village in Gujarat to become fully solar powered after Modhera (Mahesana), Sukhi (Kheda), and Masali (Banaskantha).
India records lowest solar-plus-storage tariff at MP Morena project
📝 50 billion euro IKEA family office makes bet on Indian renewable energy
📝 CESC investing Rs 5,000 cr in clean energy projects
📝 GK Energy IPO subscribed 2.57 times on Day 1
📝 Saatvik Green Energy IPO booked 59% on Day 1; GMP stands at 13%
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Economy
India’s sovereign credit rating gets BBB+ upgrade from Japan’s Rating & Investment Information
India’s long-term sovereign credit rating has been upgraded by Japan’s Rating and Investment Information, Inc. (R&I) from ‘BBB’ to ‘BBB+’, while the Outlook remains Stable, the Government of India announced today.
📝 GST rates rationalisation may not pose fiscal burden on govt: Crisil
📝 Rupee ends choppy week on a quiet note, slight downward bias may persist
📝 Quiet Friday for markets: Nifty ends below 25,400, Sensex down 380 points but Adani Group stocks shine
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