Centre reaches out to 14 nations, seeks participation in magnet scheme
The Centre has reached out to 14 countries, including Japan, Australia, the United Arab Emirates, the United Kingdom and the United States, seeking to attract global participation in its ₹7,280 crore scheme to promote domestic manufacturing of sintered rare earth permanent magnets (REPM).

Rathi Steel And Power Ltd. records 63.5 percent YOY growth in Q4 FY26 revenue, Annual Revenue surpasses Rs. 715 Crores
New Delhi: Rathi Steel And Power Limited (BSE -504903), One of the leading players in stainless steel long products and TMT bars, has recorded revenue of ₹ 244.8 Crores (approx.) for Q4 FY 26, while also reporting revenue of ₹716.7Crores (approx.) for FY26 as against ₹ 505.43 Cr in FY25, reflecting a growth of 41.8% YoY. Robust revenue for Q4 demonstrates operational resilience, considering the challenges posed by the current geopolitical developments impacting fuel costs, global trade and other macro-economic factors.

Steel, aluminium stocks slide amid reports of Trump's 25% tariff plan
 

SAIL chief Amarendu Prakash resigns; Krishna Kumar Singh gets interim role
 

Nalco posts record FY26 performance with 77 lakh tonnes bauxite evacuation
Bhubaneswar: National Aluminium Company Limited (NALCO), the flagship Navratna CPSE under the Union ministry of mines and leading manufacturer and exporter of alumina and aluminium, has delivered an extraordinary performance in FY 2025–26, breaking all previous records in both production and sales since its inception over four decades ago.

Marking a historic milestone, NALCO achieved its highest-ever production across multiple operational fronts, reinforcing its leadership as an integrated player in the alumina and aluminium sector. The company recorded bauxite excavation of 77.01 lakh tonnes and bauxite transportation of 77.07 lakh tonnes, while alumina hydrate production reached 23.00 lakh tonnes and calcined alumina production stood at 22.75 lakh tonnes. Cast metal production was recorded at 4.72 lakh tonnes, alongside a highest-ever net power generation of 6,953 MU and coal production of 40 lakh tonnes.

Gold price falls ₹10 to ₹1,48,960; silver down ₹100, trades at ₹2,49,900
New Delhi: The price of 24-carat gold fell ₹10 in early trade on Friday, with ten grams of the precious metal trading at ₹1,48,960, according to the GoodReturns website. The price of silver also declined by ₹100, with one kilogram of the precious metal selling at ₹2,49,900.

Oil firms incur ₹24/litre loss on petrol, ₹104 on diesel as crude crosses $100; govt keeps pump prices steady
New Delhi: Oil marketing companies (OMCs) in India are currently incurring significant losses on fuel sales as global crude oil prices surge amid the ongoing West Asia conflict, even as retail fuel prices remain unchanged, according to the Ministry of Petroleum and Natural Gas.

West Asia conflict erodes Qatar’s share in India’s LNG imports to record low in March
New Delhi: India’s import of liquefied natural gas (LNG) from its largest supplier—Qatar—declined to its lowest on record in March 2026 as the West Asia conflict led to the closure of the Strait of Hormuz (SoH).

IndianOil boosts auto LPG supply in Karnataka amid surge in demand
Indian Oil Corporation Limited has scaled up its Auto LPG supplies across Karnataka in response to a surge in demand, particularly following the closure or partial shutdown of several private Auto LPG outlets in Bengaluru and other parts of the state.

Petchem relief to cost Rs 1,800 crore in 3 months: Government
Source Credit: The Economic Times

OMC shares: HPCL, BPCL, IOC slide up to 5% as crude jumps above $100/bbl
Source Credit: Deepak Korgaonkar, Business Standard

Mumbai: Shares of state-owned oil marketing companies (OMCs) were under pressure falling up to 5 per cent after Crude oil jumped more than 5 per cent on Trump remarks of extremely hard attacks in the coming weeks if talks fail.

No windfall tax on diesel, ATF exports from Reliance SEZ refinery
 

Petrol pumps run on thin credit as oil marketing companies tighten purse strings
New Delhi: State-run oil marketing companies (OMCs) are yet to dispatch fuels to petrol pump dealers on credit for more than a day despite the Centre's assurance, according to petrol pump dealers and associations.

Coal Ministry surpasses 200 MT milestone in coal production and dispatches for FY 2025-26
New Delhi: The Ministry of Coal on Thursday said it crossed a whopping 200 million tonnes (MT) in coal production and dispatches from the commercial and captive mining activity in the financial year 2025-26. The ministry termed it a 'watershed moment' for India's coal sector.

India’s Coal Reliance Shields power supply amid energy crisis
India’s grid remains largely coal-dependent. As per 2023 electricity production data, coal-fired power accounts for 74.4 per cent, followed by natural gas (3.0 per cent), hydropower (7.2 per cent), solar PV (6.0 per cent), wind (4.7 per cent), nuclear (2.4 per cent) and oil (0.2 per cent). “Coal’s share in total electricity generation has increased from 67 per cent in 2010 to around 75 per cent in 2023. The share of natural gas has dropped from around 11 per cent in 2010 to just 3 per cent, reflecting both price volatility and domestic supply constraints. Solar and wind generation now contribute around 11 per cent of the total, up from around 2 per cent in 2010 — a notable achievement,” the report said.

Coal production from captive, commercial mines up 10.2% in FY 2025-26
Coal production from captive and commercial mines increased 10.2% in the financial year 2025-26 to 210.46 million tonnes, on a year-over-year basis, the government informed in a statement Thursday.

Rajasthan govt adds 2 more districts to farm power supply project
 

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.

India emerges as third-largest renewable energy market in 2025: IRENA
 

Rupee posts best single day since Sep 2013, ends up 1.8% at 93.10/dollar
 

Sensex cuts losses, up 2k pts from day's low, Nifty at 22,700; key reasons
 

India’s manufacturing PMI dips to 45-month low of 53.9 in March