Top Indian Metal & Energy Industry News & Updates - 11 April 2026,Saturday
Govt. Policy / Industry
Critical mineral processing policy in works; Chile copper, lithium in focus
India is in the advanced stages of framing a policy for processing critical minerals and has shortlisted two such minerals critical for electric vehicles, as it sharpens its strategy to secure supply chains amid surging global demand.
Vedanta kicks off Odisha aluminium park with 2 MoUs for downstream units
Vedanta questions evaluation metrics behind selection of Adani bid for JAL
📝 Hardeep Singh Puri meets QatarEnergy chief, discusses energy ties and regional stability
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Gold / Silver & Bullion
Gold demand in India picks up ahead of Akshaya Tritiya, China premiums ease
Gold demand in India picked up slightly this week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed.
Silver eyes $85 in the short term; analyst suggests buying on dips
Performance
📝 India becomes second-largest diamond jewellery market with 12% global share, overtakes China and Japan
📝 Gold, silver prices today, April 11, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝 Silver rebounds Rs 3,800, gold gains Rs 400 amid fragile truce in West Asia
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Oil & Gas / OMCs
India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman
With almost 40 days into the West Asia war, India is in a comfortable position on the supply side of crude and LPG, which it is sourcing from a variety of geographies, A S Sahney, Chairman of Indian Oil Corporation Limited (IOCL), said here on Friday.
Crude oil, gas derivative prices to remain high till supply chains normalise, says Ind-Ra
The ceasefire in West Asia could ease supply‑shock fears and the resultant rally in chemical costs, but the lingering uncertainties would keep prices across crude oil and natural gas derivative chains elevated until supply chains normalise, India Ratings and Research (Ind-Ra) said on Friday.
Oil prices set for biggest weekly loss in 10 months after US-Iran ceasefire
Oil prices were poised for their biggest weekly declines since last June but remain elevated near $100 a barrel on concerns over supplies from Saudi Arabia and limited flows through the Strait of Hormuz.
Jio-BP petrol, diesel sales jump 25-30% in March; CEO says no price hike planned
Jio-bp not to raise petrol and diesel prices
India must rethink reliance on West Asia after current energy shock: ONGC
📝 Karnataka minister urges Centre to address auto gas supply issue at earliest
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Coal / Mining
CIL absorbs surge in input costs to shield coal users from price hike
Coal India stock falls 6% as firm absorbs price shocks to shield consumers
📝 India to delay maintenance shut down of 10,000 MW coal-fired power capacity to July
📝 Israel-Iran war: Coal India says shielding consumers from cost spike; steps up supply measures
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Power
Tata Power partners with CORE Academy to train renewable energy workforce
Tata Power has appointed the Centre of Renewable Energy (CORE), the specialised training arm of POWERCON Group, to upskill its workforce through a customised programme in wind turbine Operations and Maintenance (O&M).
Power demand to rise up to 6% in this financial year amid expected El Nino-led heat: Crisil
New Delhi: Power demand in the country is expected to rise by around 6 per cent in the current financial year, driven by the anticipated impact of El Nino conditions, which are likely to increase temperatures and reduce rainfall, according to a report by Crisil Intelligence.
Induction-based cooking to add 13-27 GW of energy requirements: Official
Induction-based cooking is expected to increase demand for electricity in the range of 13 to 27 gigawatts (GW) at the distribution level, Krushna Chandra Panigrahy, Director General at the Bureau of Energy Efficiency (BEE) stated at the daily inter-ministerial briefing about the situation in West Asia on Friday (April 10, 2026).
Electric cooking boom to push peak demand; govt readies 10 GW buffer
A surge in induction cooktop adoption, triggered by LPG shortages and global energy disruptions, could add 13–27 GW to India’s peak power demand by FY27, forcing policymakers to recalibrate supply planning ahead of a record summer load.
📝 India defers power plant maintenance to add 10 GW capacity for summer peak demand
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Renewable Energy
India records highest-ever annual solar capacity addition of 45 GW in FY 2025-26: Pralhad Joshi
New Delhi: The country recorded its highest-ever annual solar capacity addition of approximately 45 gigawatts during the financial year 2025-26. The Office of the Prime Minister of India, in a social media post tagging Union Minister for New and Renewable Energy Pralhad Joshi, stated, "India records highest-ever annual solar capacity addition," quoting the minister.
12-GW stranded RE capacity may find buyers soon
A sizeable section of 43 gigawatt (GW) renewable energy capacity that has gone begging for want of buyers at the “high prices” discovered under competitive tenders floated in recent years may get operational in the first half of the current fiscal year. According to a senior official from the Ministry of New and Renewable Energy (MNRE), the government and intermediary agencies are looking to execute power sale agreements (PSA) with distribution entities (discoms) for at least 10-12 GW of the stranded capacity over the next few weeks.
📝 Qatar to remain reliable energy supplier to India
📝 NHPC firming up Rs 30k cr investment plan for Arunachal power project
📝 KPCL sets record with 15,509 million units of hydropower in 2025-26
📝 India records highest-ever annual solar capacity addition of 45 GW in FY 2025-26: Pralhad Joshi
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Economy
Rupee drops 17 paise to close at 92.68 against US dollar
Mumbai: The rupee pared initial gains and settled for the day 17 paise lower at 92.68 (provisional) against the US dollar on Friday, weighed down by risks from rising global tensions, especially the US-Iran conflict.
Sensex, Nifty close the week with over 6% gain, brisk buying in small and midcaps; Auto, financials, paints shine
Markets at close: The market ended Friday’s session on a strong note, with benchmarks closing firmly in the green. The Sensex surged 918.60 points, or 1.20%, to settle at 77,550.25, while the Nifty 50 gained 275.50 points, or 1.16%, to close at 24,050.60.
India's forex reserves jump $9 bn to $697.1 bn in week ended April 3
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