Top Indian Metal & Energy Industry News & Updates - 16 April 2026,Thursday
Govt. Policy / Industry
Vedanta set for strong March quarter with aluminium, zinc driving growth
Anil Agarwal-led Vedanta is expected to deliver a strong March-quarter performance with analysts forecasting a 50–60 per cent year-on-year surge in EBITDA, supported by favourable commodity prices and improved cost dynamics across key segments.
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Iron & Steel
📝 Steel makers set for profit surge in March quarter
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Aluminium & Copper
Codelco in talks with Hindustan Copper for Chile copper joint venture
Codelco is negotiating a copper venture with Hindustan Copper Ltd. as the Chilean state-owned miner turns to foreign partnerships to develop unexploited deposits, according to people familiar with the matter.
Metal stocks rally as US-Iran talk hopes lift sentiment; Hind Copper up 6%
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Gold / Silver & Bullion
Gold jewellery of lower carats to gain traction in run up to Akshaya Tritiya
Mumbai: After a steady rise over the past two years, gold prices have started easing since February, even amid uncertainty stemming from the ongoing West Asia conflict and rising geopolitical tensions.
Gold falls from one-month peak as investors look to US-Iran negotiations
Gold eased from one-month highs on Wednesday, with investors gauging developments surrounding US-Iran talks to bring hostilities in the Middle East to an end, as oil prices stayed firm on supply concerns from the Strait of Hormuz closure.
Gold at ₹1.5 lakh: Is pre-booking ahead of Akshaya Tritiya a smart move?
Gems and jewellery exports fall to five-year low on U.S. tariffs
Gold price climbs ₹10 to ₹1,55,360; silver up ₹100, trades at ₹2,70,100
📝 Gold, silver prices today, April 16, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝 Titan’s Zoya sees double-digit growth in bespoke segment
📝 Come wedding season and jewellery stocks do the Jig
📝 Gold ETFs attract ₹31,561 crore in March quarter amid geopolitical tensions
📝 Gold loan boom sees early stress; delinquencies rise with borrower leverage
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Oil & Gas / OMCs
Fuel margins plunge deep into red; diesel losses hit Rs 60/litre; petrol at Rs 24/litre
State-run oil marketing companies (OMCs) are incurring steep per-litre losses of around ₹24 on petrol and nearly ₹60 on diesel, as fuel marketing margins have sharply turned negative amid rising global crude prices and elevated tax burdens, according to Kotak Institutional Equities.
India doubles Russian oil imports to €5.8 bn; Russia revenues jump 52% to €713 mn/day
India’s imports of Russian crude oil doubled in March 2026, pushing total purchases of Russian fossil fuels to €5.8 billion, even as Moscow’s export revenues surged 52% month-on-month to €713 million per day — the highest in two years — amid rising prices and sanctions-driven shifts in trade flows.
Crude imports down 35 Pc, petroleum product exports up 5.88 pc In crisis-hit March
Chennai: Amid the West Asia crisis, crude and petroleum product imports were down 35.9 per cent in March. However, exports of petroleum products grew 5.88 per cent in the same month.
As per the data of the Commerce Ministry, the imports of petroleum, crude and products were down to $12 billion in March against $19 billion the same month of last year. The blockade in the Hormuz Strait restricted the shipping of crude in March and this affected the total imports of crude and petroleum in FY26 as it declined 6.37 per cent to $173 billion against $185 billion in FY25.
📝 India shores up oil reserves as US grace period to expire this weekend
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Power
PTC India changes designation of CMD Manoj Kumar Jhawar as MD & CEO
New Delhi: Power trading solutions provider PTC India on Wednesday announced the change in designation of Manoj Kumar Jhawar from Chairman & Managing Director to Managing Director & CEO of the company.
Adani Power, NTPC among 5 power stocks that can rally up to 24%: Analysts
📝 Adani Energy commissions 1,000 MW power link in Mumbai
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Renewable Energy
Vikram Solar hits 10 GW milestone in global solar module deployments
Vikram Solar Limited hit 10 GW in cumulative global solar module deployments on Wednesday, doubling its installed base from 5 GW in just two years and cementing its position among India’s top solar manufacturers.
Suzlon Energy shares jump 6% as FIIs, mutual funds raise stake in Q4
📝 New South Wales University partners with KREDL to boost clean energy innovation, startup ecosystem
📝 ReNew commissions 2.4 GW, marks record renewable capacity addition
📝 CleanMax, Sangam India partner for hybrid renewable energy supply in Rajasthan
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Nuclear Energy
L&T says another steam generator dispatched to Nuclear Power Corporation ahead of schedule
Source Credit: PTI, The Hindu Business Line
📝 India to invite bids for 220 MWe Small Modular Reactor, boosting nuclear push under green energy transition
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