Top Indian Metal & Energy Industry News & Updates - 10 April 2026,Friday
Iron & Steel
Tata Steel plans 6-7 MT capacity expansion in India; no M&A plans for now: Tata Steel MD
New Delhi: Tata Steel Managing Director T V Narendran has said that the company will continue to expand capacity in India in line with rising domestic demand for steel, while ruling out any immediate merger or acquisition plans.
National Steel Policy targets doubling production capacity and 25% emissions reduction by 2035: Report
India’s steel sector aims to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world’s second-biggest producer of the alloy plans to more than double output, a Reuters report said, quoting the National Steel Policy 2025 document.
NMDC rally isn’t just iron-ore led
Aprice hike has lifted NMDC Ltd stock, but the bigger story may lie elsewhere.
Tata Steel's T V Narendran says India's energy, critical minerals diversification pose new challenges
India's energy, critical minerals diversification pose new challenges: Tata Steel CEO T V Narendran
India's new steel policy targets 25% emissions cut, 400 MT output by 2035
📝 Bharat Forge board approves restructuring of steel forging ops of German subsidiary
📝 Govt plans 25% emissions cut, 400 MT steel capacity by 2035 under new policy: Report
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Aluminium & Copper
📝 Aluminium makers, end users feel the squeeze as caustic soda prices spikes
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Gold / Silver & Bullion
P N Gadgil Jewellers shares gain 4% in trade; MOFSL says Buy for 17% upside
Gold price falls ₹10 to ₹1,51,470; silver down ₹100, trading at ₹2,54,900
📝 Gold, silver prices today, April 10, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝 Silver, gold rally falters as West Asia tensions resurface
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Oil & Gas / OMCs
Oil prices surge 2% on ceasefire disruption, Strait of Hormuz blockade – Analysts see buying opportunity below $100
Just a day since the announcement of ceasefire and oil markets are already seeing heavy price swings. Crude prices rose 2% as Israel launched a heavy wave of strikes against Lebanon putting the US-Iran peace plan under pressure.
Indian fuel retailers buy discounted diesel to avoid price hikes
Indian fuel retailers are buying diesel from refiners at discounted rates to shield customers from any price hike, an industry source said on Thursday. The new pricing formula is based on India's crude import price, the source told reporters.
Sanjay Khanna appointed BPCL CMD; tenure till May 2029 approved
📝 IAC calls for policy push to scale auto LPG as near-term clean fuel solution
📝 Non-installation of vapour recovery system: NGT dismisses BPCL's appeal against Rs 1 crore fine
📝 India caps refinery margins after windfall export tax to cushion fuel losses
📝 Reliance caps fuel sales at $11 per pump amid growing shortages
📝 GAIL India to borrow Rs 5,000-6,000 crore in financial year 2027
📝 Crude oil futures rebound Rs 411 to Rs 9,272/barrel on strong global cues
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Power
Tata Power partners Databricks for AI platform, accelerate energy transition
Tata Group subsidiary, Tata Power has partnered with software company Databricks, announcing enterprise-wide adoption of the platform across all its business segments. It said the collaboration is aimed at building a future-ready data and AI platform to accelerate energy transition.
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Renewable Energy
Premier Energies bags Rs 2,577 cr orders in Q4: Targets 10.6 GW capacity by September 2026
Premier Energies has secured orders worth Rs 2,577 crore in Q4FY26 for the supply of 1,600 MW solar cells and modules.
Power demand picking up; Solar manufacturing scaling amid near-term margin pressures
New Delhi: India's power sector is witnessing a rise in demand and a strong shift towards renewable energy, led by solar installations, even as solar manufacturing companies may face near-term margin pressure due to rising costs and competition, according to a report by YES Securities.
Up to 40 GW wind projects at risk by 2030 due to grid delays: Industry
Source Credit: Nandini Keshari, Business Standard
New Delhi: Wind energy projects of up to 40 gigawatts (GW) capacity to be commissioned by 2030 are facing risks due to grid construction delays, the Indian Wind Turbine Manufacturers Association (IWTMA) said in a letter to the Ministry of New and Renewable Energy (MNRE).
📝 MNRE to review solar project delays ahead of ALMM rollout
📝 Centre to roll out PM-KUSUM 2, push rooftop solar to hit 10 million homes
📝 Adani Green subsidiary signs pact with UAE company for India renewables projects
📝 Mahindra to acquire 26% stake in Neon Hybren for Punjab captive solar project
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Nuclear Energy
📝 Explainer: Why Kalpakkam’s criticality is India’s big nuclear moment
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Economy
India among fastest-growingeconomies, but risks tilted to downside: World Bank economist
India is expected to retain its position as one of the world’s fastest-growing large economies in FY27, Aurelien Kruse, lead economist for India at the World Bank, said on Thursday. However, risks to the medium-term outlook are tilted to the downside, as uncertainty persists over the duration and scale of the Middle East conflict.
Morgan Stanley sees 24% upside in Sensex by December
Despite the weakness in equity markets, Morgan Stanley India sees a 24% upside for the benchmark equity index Sensex at 95,000 points by the end of the year, indicating a sharp recovery in the market. This would be supported by stocks’ 12-month trailing performance, valuations, foreign investors’ positioning, and the resumption of earnings up cycle, it said in an equity strategy report. Morgan Stanley’s bull-case target for the index is 107,000 points, which is a 40% rise from the current level.
Sensex tanks 1,100 points, Nifty cracks 1%: Why the stock market fell on April 09? 6 reasons explained
Dalal Street took a sharp turn on April 9, after a strong rally in the previous session,
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline
Banks have exited the bulk of their Indian rupee arbitrage trades to comply with central bank-imposed limits on onshore positions aimed at reining in volatility and downward pressure on the currency, three people familiar with the matter said.
Rupee snaps 5-day rally; bond yields rise on crude, US yield surge
Rupee falls 9 paise to close at 92.63 against US dollar
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