Top Indian Metal & Energy Industry News & Updates - 02 April 2026,Thursday
Govt. Policy / Industry
Iran war has fuelled 15-20% spike in solar module prices: SAEL CEO
Solar module prices have increased as a result of supply chain disruption caused by the Iran war. Prices have gone up by 15–20 per cent, primarily driven by higher freight costs and a surge in input material costs such as silver and aluminium, Laxit Awla, executive director and chief executive officer of SAEL Industries, said.
Vedanta extends demerger deadline to June 30; shares rise 5%
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Iron & Steel
Trump admin set to roll out tiered tariffs on steel, aluminium imports
The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged American companies for months.
📝 Vizag steel plant records robust growth across production, sales in FY26
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Gold / Silver & Bullion
India restricts imports of gold, silver and platinum jewellery to curb FTA misuse
New Delhi: The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs).
Gold price climbs ₹10 to ₹1,52,960; silver up ₹100, trades at ₹2,55,100
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Oil & Gas / OMCs
Venezuelan crude exports surge to 6-year high as India fills China gap
Indian refiners are emerging as the largest buyers of Venezuelan crude oil, filling the void left by former top importer China as it cuts purchases following the US’ move to control the Latin American nation’s oil sales.
‘MRPL’s LPG production up by over 10 lakh kg per day following West Asia conflict’
After the war between the US, Israel, and Iran broke out more than a month ago, the Mangalore Refinery and Petrochemicals Ltd. (MRPL) has increased its production of liquefied petroleum gas (LPG) by more than 10 lakh kg a day, Nandakumar Velayudhan Pillai, Director (Refinery), said here on Wednesday.
Brent above $100 on supply shocks; de-escalation may cool prices: Analyst
Indian Oil hikes premium petrol, diesel prices amid West Asia tensions
📝 India rolls out E20 petrol nationwide from today, makes 95 RON fuel new default
📝 India’s crude imports fall 15% in March; Gulf share shrinks as Russia surges
📝 Fuel Price Hike in India amid US-Iran War: What's impact and how far can it go if war prolongs?
📝 First Iran shipment in years crosses Hormuz, heads for India as oil trade ‘flickers back’ to life
📝 Tanker carrying Iranian crude oil headed for India after a 7-year gap
📝 Premium fuels get costlier as IOC raises rates; petrol, diesel stay put despite global oil surge
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Coal / Mining
Coal India's output falls by 1.5%, ample stockpiles ready to meet demand
Coal India Ltd. said its March production fell 1.5% on year, easing the burden of mounting stockpiles it’s been accumulating to meet an expected surge in demand during the summer.
Coal demand rises in India as West Asia crisis disrupts gas supply
Coal India arm SECL's production rises over 5% in FY26 amid rising demands
NMDC reaches highest ever 53 MT production output in FY26
📝 India unlikely to revive offshore mining auctions soon amid weak interest: Report
📝 Coal gasification gains momentum with global partnerships
📝 Incentives may be given for coal gasification: Minister for coal and mines G Kishan Reddy
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Power
Tata Power resumes operations at Mundra
Tata Power resumes ops at 4,150 Mw Mundra thermal plant after 9 months
Power sector leads rating upgrades in FY26 on stable operations: Icra
Power consumption rises marginally 1.8% to 149.56 bn units in March
📝 Rs 5,000-cr power transmission projects underway in Andhra
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Renewable Energy
Hinduja Renewables Powers LG Electronics India's Green Energy Transition with group Captive Solar PPA
Mumbai: Hinduja Renewables Energy Private Limited (HREPL), part of the Hinduja Group, today announced a long-term solar Power Purchase Agreement (PPA) with LG Electronics India (LGE India) to supply solar energy to one of its manufacturing operations, supporting the company's transition towards sustainable manufacturing.
Inox Clean Energy acquires Vibrant Energy at ₹5000 cr enterprise value
Inox Clean Energy acquired Vibrant Energy, a Macquarie-owned renewable energy independent power producer (IPP), at an enterprise value of about ₹5,000 crore on Wednesday. This comes at a time when the renewable energy sector is witnessing consolidation, with larger players expanding their portfolios through acquisitions.
Adani Green adds over 5 GW capacity in FY26, scales up Khavda project with BESS push
Adani Green Energy Limited (AGEL) on Wednesday said it has added over 5 GW of renewable energy capacity in FY26, driven largely by rapid execution at its Khavda mega project in Gujarat, where it is also scaling up battery energy storage systems (BESS) to support grid stability.
Ireda achieves highest-ever loan sanctions, disbursements in FY26
📝 UT subsidy worth ₹3.80 crore disbursed to 4,288 beneficiaries under PM Surya Ghar Yojana: CM
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International
📝 Copper up on hopes of quick end to Iran war
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Economy
GST revenue in March 2026 at 10-month high of ₹2 lakh crore, driven by taxes on imports
The government’s gross revenue from Goods and Services Tax (GST) grew to a 10-month high of ₹2 lakh crore in March 2025, latest data reveals. However, a deeper analysis shows this was driven by GST on imports rather than on goods produced within the country.
Sensex soars 2,000 pts, Nifty near 23,000: Key reasons for today's rally
Here are the key reasons why Sensex and Nifty were surging today
Signs of West Asia conflict de-escalation
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