Top Indian Metal & Energy Industry News & Updates - 17 April 2026,Friday

Govt. Policy / Industry

Vedanta challenges Adani's JAL plan, flags flaws in CoC scoring process
Anil Agarwal-led Vedanta Group has alleged that the Committee of Creditors (CoC) for Jaiprakash Associates Ltd (JAL) adopted a flawed and opaque evaluation process that has undermined value maximisation under the Insolvency and Bankruptcy Code (IBC). 
📝  India, Russia hold round table to boost cooperation in steel sector
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Iron & Steel

📝  Steel to stay costly through 2026, India to lead demand rebound in 2027: Report
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Aluminium & Copper

MSME copper recyclers face shutdown risk amid West Asia conflict
 
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Gold / Silver & Bullion

Gold price climbs ₹10 to ₹1,55,580; silver down ₹100, trading at ₹2,69,900
 
📝  Gold, silver prices today, April 17, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝  Titan’s Zoya sees double-digit growth in bespoke segment
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Other Metals

Hindustan Zinc slips to 8th position amid silver producers
Hindustan Zinc, the country’s largest silver-producing company, has slipped in the global rankings of the world’s top silver producers.
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Oil & Gas / OMCs

US Russian crude waiver expires: What it could mean for India’s oil imports from Russia
The US has allowed the one-month sanctions waiver on buying Russian oil already on the water to expire, and will not be extending it, US Treasury Secretary Scott Bessent said in a press briefing in Washington. Bessent’s comments pertaining to the waiver, which expired on April 11, came close on the heels of the US Department of the Treasury announcing that a similar sanctions waiver issued for Iranian oil won’t be extended beyond its expiration date of April 19.
Rate hike possible if crude sustains above USD 90/per barrel: Union Bank of India Report
The interest rates could see an upward movement if crude oil prices stabilise above USD 90 per barrel, amid rising inflationary pressures driven by global geopolitical tensions highlighted a report by Union Bank of India.The report noted that while the current stance remains a prolonged pause on policy rates, the outlook could change depending on the trajectory of inflation and global commodity prices.
Fuel shift: Auto LPG sales up 62% on PSU pricing edge
Average Auto LPG sale by PSU OMCs in April 2026 (till April 15) rose sharply to around 286 MT/day from 177 MT/day in February, marking a 62% increase, the ministry of petroleum & natural gas said, signalling a significant shift in fuel demand amid the ongoing geopolitical crisis.
BPCL arm to invest $2.8 billion in Brazil's oil and gas exploration project
 
📝  Oilmax Energy targets ₹3,000 cr revenue by 2028-19
📝  Petrobras clears offshore project with BPCL in Brazil
📝  India's crude imports down 21%; Russia tops, Iran gains
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Coal / Mining

Coal Ministry to launch 15th round of commercial mine auctions
The Coal Ministry set to launch the 15th Round of Commercial Coal Mine Auctions, on April 17, 2026. 
Govt to launch 15th round of commercial coal mine auctions on April 17
 
📝  India to launch 15th round of commercial coal mine auctions on April 17
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Renewable Energy

‘Focus is on scaling high-quality assets; growing hybrid, storage offerings,’ says Srivatsan Iyer, Global CEO, Hero Future Engeries
Hero Future Energies, part of Hero group, has a portfolio of nearly 7.2 GW of renewable energy assets spanning solar, wind, and hybrid, along with 2.3 GWh of battery energy storage systems in four countries and  is looking to expand its capacity and scale up green hydrogen and hybrid projects. In an interview, Srivatsan Iyer, global CEO of the company ,tells Raghavendra Kamath about issues in the renewable energy and the company’s strategy.
📝  Suzlon Energy: Knowing which way the wind blows, a recharge
📝  Enviro Infra Engineers secures ₹2,240 crore fresh orders, expands into BESS segment
📝  This Rs 50 crore move could quietly power India’s energy future
📝  Lakhwar project to boost north India’s water and power security
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International

📝  TotalEnergies says strong trading will boost Q1 earnings despite output hit from war
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Economy

Sensex, Nifty pare gains to end marginally lower, Adani Enterprises, Hindalco lead gainers
Mumbai: Benchmark indices ended marginally lower on Thursday after a volatile session, as profit-booking at higher levels and lingering uncertainty around US–Iran talks weighed on sentiment.
Rupee ends higher on Iran-US ceasefire hopes, FPI inflows support sentiment
 
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