Top Indian Metal & Energy Industry News & Updates - 01 April 2026,Wednesday

Govt. Policy / Industry

India can cater to 30 crore PNG connections with its domestic LNG production itself: PNGRB Secretary
India can comfortably cater to the demand of as many as 30 crore domestic piped natural gas (PNG) connections even if it were to solely rely on its domestic production of liquefied natural gas (LNG), according to Anjan Kumar Mishra, Secretary at the Petroleum and Natural Gas Regulatory Board (PNGRB).
Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer
Anil Agarwal's Vedanta Ltd has informed the Supreme Court on Tuesday that its revised proposal to acquire the insolvent Jaiprakash Associates Ltd (JAL) was turned down, even though it claims the offer was superior to that of the Adani Group.
Mesabi Metallics ties up $520 million credit facility
 
📝  Govt cancels auction of 11 critical mineral blocks amid weak investor interest
📝  Africa lights up India’s energy mix as Hormuz route faces heat
📝  Vedanta challenges Adani's winning bid for $4 Bln in assets, F1 track
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Gold / Silver & Bullion

Gold's 25% fall after record highs: What 2025-26 cycle means for investors
Gold, long considered the ultimate safe-haven asset, has delivered one of its most dramatic cycles in recent history—surging to record highs in 2025 before witnessing a sharp correction in early 2026. According to a detailed market analysis by Axis Mutual Fund, gold prices climbed to an all-time high of nearly $5,600 per ounce by January 2026, before falling sharply to the $4,100–$4,300 range by March, marking a steep 20–25% correction in just weeks!
Gold Rate Today: Bullion steady near $4,550, silver holds $70 after 20% meltdown in March
Gold and silver prices are holding steady in today’s trade on reports of US President Donald Trump willing to end the prolonged Iranian war. However, for March, the precious metals logged their worst monthly performance since October 2008. The commodity market in India are partially shut today.
📝  Gold, silver prices today, April 1, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝  'Prolonged drop in gold prices can erode collateral buffers'
📝  Gold gains 61 PC, silver 128 PC To become top performers in FY26
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Oil & Gas / OMCs

ONGC announces gas monetisation from its Daman Upside Development Project
State-owned Oil and Natural Gas Company (ONGC) informed on Monday (March 30, 2026) it has commended monetisation through gas flowing from its Daman Upside Development Project (DUDP).
Diesel exports to SE Asia hit 7-year high in March due to Iran war
India’s diesel exports to Southeast Asia surged ‌to the highest in more than seven years in March, shipping ​data showed, as traders pivoted supply to cover short positions and ⁠refiners cashed in on higher profits in Asia caused by the U.S.-Israeli war with Iran.
India opens 80,228 sq km for oil and gas exploration; ONGC starts new gas output
India on Monday opened up 21 oil and gas blocks covering 80,228 square kilometres under a fresh exploration round, even as state-run Oil And Natural Gas Corporation has started gas production from a key offshore project, marking a twin push to boost domestic energy output.
Are India’s vehicles ready for E20 fuel?
Effective Wednesday, every petrol pump in India will dispense petrol blended with 20% ethanol (E20), following a government mandate announced last month. The nationwide rollout pushes ahead even as most vehicles on the road are not built for the fuel, raising concerns over efficiency and engine wear.
Hormuz blocked, but India may get first delivery of Iranian crude oil after 7 years
An oil tanker carrying Iranian crude is signaling India as its destination, marking the first potential delivery of Tehran’s crude to India since May 2019. Amid the raging West Asia war, the US on March 21 suspended for a month the sanctions on Iranian crude already loaded on tankers in a bid to allow as many barrels of oil as possible to flow into the international market to improve the global oil supply situation and curb spiraling crude oil prices. The waiver from Washington was similar to the one issued for Russian oil earlier in March.
MRPL receives ₹23 crore GST tax demand, plans to appeal order
 
Datanomics: Ethanol push gains ground; dependence on oil imports persists
 
📝  India's crude oil reserves can cover only 20-40 days, not several months: Petroleum Regulatory Board Secretary
📝  Commercial LPG prices hiked by Rs 195.5 as West Asia conflict pushes oil costs
📝  Oil-thirsty Asian nations turn to Russian oil after Iran war disrupts supply
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Coal / Mining

30 mineral blocks made operational in FY 2025-26: Govt
In a first for the country, the Ministry of Mines informed on Tuesday (March 31, 2026) that thirty mineral blocks have been made operational in a single financial year, that is, FY 2025-26.
Coal demand rises in India as West Asia crisis disrupts gas supply
 
📝  Vedanta extends demerger deadline to June 30
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Power

📝  Adani Energy acquires 100% stake in South Kalamb Power Transmission
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Renewable Energy

Powering growth: J&K eyes hydropower expansion by 2035 amid IWT shift
Srinagar: India has stepped up work on the long-delayed hydropower projects in Jammu and Kashmir, citing new momentum after the Indus Waters Treaty (IWT) was placed in abeyance. 
Premier Energies commissions 5.6 GW solar module manufacturing facility in Telangana
New Delhi: Premier Energies on Tuesday said it has commissioned its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana.
ACME signs ₹20,000 crore green ammonia deal with SECI for 10 years
ACME Group signed a 10-year binding Green Ammonia Purchase Agreement (GAPA) with the Solar Energy Corporation of India (SECI) on Monday, March 30, committing to supply 370,000 tonnes per annum (TPA) of green ammonia at an estimated contract value of ₹20,000 crore over the contract period.
Solar imports at 99 GW expose cell gap despite manufacturing surge
A total of 99 GW of solar modules and cells were imported in 2025, with modules accounting for 25% and cells 75%, highlighting continued dependence on overseas supply despite a sharp expansion in domestic manufacturing capacity, according to a Mercom India report.
NTPC Green Energy’s arm signs green ammonia supply pact
 
M&As surge in India's RE sector as investors eye de-risked route to scale
 
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Nuclear Energy

📝  AERB approves excavation work for units 1, 2 of Mahi Banswara nuclear power project
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