Top Indian Metal & Energy Industry News & Updates - 23 Sep 2025,Tuesday
Govt. Policy / Industry
PM lays foundation stones for 2 hydro projects in Arunachal
PM Modi, who visited Arunachal Pradesh on Monday, remotely laid the foundation stones for Heo (240 MW) and Tato-I (186 MW) hydropower projects, worth over Rs 3,700 crore, in the Siyom sub-basin. He highlighted Arunachal’s role in India’s goal of generating 500 GW of renewable energy by 2030.
Core sector growth at 13-mth high of 6.3% in August on low base effect
📝 India’s Hydrogen & Semiconductor Race: How a Pune-based firm is building the systems that make it possible
📝 Indian government pushing states to buy clean energy, says renewable energy minister Pralhad Joshi
📝 Cambay basin loss not to have big impact on Vedanta: Analysts
📝 Coal Ministry says GST reforms to address input tax credit anomalies, levels playing field for all coal variants
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Iron & Steel
DGTR recommends 5-year anti-dumping duty on Chinese electrical steel imports
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Gold / Silver & Bullion
Gold surges Rs 2,200 to hit fresh high of Rs 1,16,200/10 g
New Delhi: Gold prices surged Rs 2,200 to hit a fresh peak of Rs 1,16,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction.
Zen Diamond enters Bengaluru, ramps up India push
Gold hits record high as investors bet on more US rate cuts
📝 Rough cut: CareEdge flags deeper pain for India's polished diamond exports
📝 Gold breaches ₹1.11 lakh/10 g in futures trade as traders await key U.S. inflation data
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Oil & Gas / OMCs
Essar’s Ultra Gas & Energy to invest Rs 900 crore to expand LNG autofuel network
Ultra Gas & Energy Ltd (UGEL), an Essar venture, plans to invest Rs 900 crore in scaling up its LNG retail outlets to 100 as the country’s largest private LNG station operator doubles down to expand its retail network, it said Monday.
India's EV charging leaders unite: 'Indian Charge Point Operators Association' (ICPOA) to power the next wave of electric mobility
📝 ONGC directed to take charge of Vedanta oil block
📝 Ultra Gas & Energy to invest Rs 900 crore to expand LNG retail network
📝 Govt sanctions release of 25 lakh additional LPG connections under PM Ujjwala
📝 ONGC takes control of Cambay basin block
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Alternative Fuels
📝 Trualt Bioenergy fixes IPO price band at Rs 472–496; issue to open on September 25
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Coal / Mining
Core infrastructure output growth rises to 15-month high of 6.3% in August
New Delhi: Output of the core infrastructure sector grew by 6.3 per cent in August, the fastest pace of expansion in 15 months, led by favourable base effect and robust performance of coal, steel and cement sectors, official data showed on Monday.
MAHAGENCO starts operations at Chhattisgarh's Gare Palma coal mine
📝 India looks to stabilise supply of critical minerals via LatAm
📝 Setback for Vedanta as govt denies extension for Cambay basin oil, gas block
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Power
EMPOWERTRANS commissions modern grid substation in Odisha
Asit Pradhan, Managing Director of EMPOWERTRANS, said unlike conventional substations, the Agalpur facility employs a Process Bus architecture that integrates digital sensors placed near equipment, fibre optic communication networks and intelligent automation systems.
📝 DERC seeks correction in SC order on liquidation of regulatory assets
📝 Govt looks to add 13 GW hydro pumped storage projects annually from FY29 to meet 50 GW target
📝 Hero Future Energies gets ₹1,000 crore funding from SBI to fund hybrid project
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Renewable Energy
Saatvik Green Energy IPO fully subscribed
Solar panel maker Saatvik Green Energy’s initial public offer got fully subscribed on the second day of bidding on Monday.
Maldives banks on Indian cooperation to achieve 33% renewables target by 2028
New Delhi: The Maldives placed India at the centre of its clean energy ambitions and called for stronger regional partnerships to reduce fossil fuel dependence and enhance climate resilience.
GST reforms to yield significant benefits to renewable energy sector: Minister Prahlad Joshi
New Delhi: Goods and Services Tax (GST) reforms in the renewable energy sector is expected to yield significant benefits, particularly in cost savings, says Pralhad Joshi, Minister for New and Renewable Energy.
Inox Solar commences production at solar module manufacturing facility in Gujarat
Inox Solar begins production at 1.2 GW Bavla facility, Plans 3 GW expansion
The Financial Express
Solarworld Energy Solutions IPO opens today: GMP, price band and 5 key facts before you apply
📝 ReNew Energy cuts prices of solar modules, cells as lower GST rates take effect
📝 New GST cut to save up to Rs 1.5 lakh crore for investors in renewable energy
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Nuclear Energy
India open to encouraging SMR-led nuclear energy push to power AI data centre boom
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International
📝 Kuwait's oil production capacity reaches 3.2 million barrels a day
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