Top Indian Metal & Energy Industry News & Updates - 18 April 2026,Saturday
Govt. Policy / Industry
Vedanta was never formally declared as highest bidder for JAL: RP to NCLAT
📝 Aluminium and copper to stay elevated, steel risky: CLSA's top metals and cement calls for FY27
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Iron & Steel
JSW Steel board approves proposal to sign pact with POSCO for joint venture
JSW One in talks for $350–400 million IPO, pre-IPO round underway
JSW One Platform, the Sajjan Jindal-led conglomerate's B2B digital marketplace, has held discussions with bankers for an initial public offering (IPO) later this year and is also in talks to raise a private round ahead of the listing, three people familiar with the matter said.
📝 Global steel demand set to rise despite West Asia conflict risks
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Gold / Silver & Bullion
Kalyan Jewellers sets board meeting date to announce Q4 results 2026, final dividend for FY26
The board of directors of Kalyan Jewellers India is scheduled to meet on Friday, May 8 to consider and approve Q4 results 2026, and the firm may also recommend a final dividend for FY26.
This Akshaya Tritiya, Indians shift to lightweight jewellery amid high gold prices
Bengaluru: Organized jewellers are pushing lightweight designs, price-lock schemes and new launches amid volatile gold prices ahead of Akshaya Tritiya.
Akshaya Tritiya gold buying: Match consumption, investment with purpose
Silver supported by weak dollar, oil pullback; upside bias intact: Analyst
Gold imports rise 24% to hit all-time high of $71.98 billion in 2025-26
Gold fell 12% in March 2026: Should you buy the dip or stay away from it?
📝 Silver Prices Surge to Rs 2.51 Lakh/kg on Weak Dollar, Easing Geopolitical Tensions
📝 Gold Import Delay Raises Questions: Bureaucracy, RBI Moves and Rupee Stability
📝 Gold, silver prices today, April 18, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝 Gold prices fall up to 12% in March, worst since 2013
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Oil & Gas / OMCs
IOC wins bid for Kochi–Kanyakumari–Thoothukudi natural gas pipeline
The Petroleum and Natural Gas Regulatory Board (PNGRB) has granted authorisation to Indian Oil Corporation Ltd (IOCL) to lay, build, operate and expand the Kochi–Kanyakumari–Thoothukudi Natural Gas Pipeline (KTPL), in a key step towards strengthening gas infrastructure in southern India.
PNGRB's new LPG pipeline expansion plan to attract investment of Rs 12,500 crores
PNGRB initiates suo motu bidding process for LPG pipelines
Crude oil futures fall over 2% to ₹8,396/barrel as Trump signals Iran deal
📝 Indian Oil Corporation boosts auto LPG supply 3x amid Bengaluru fuel crisis
📝 Ford recalls about 1.4 million pickup trucks over gearshift issue, says NHTSA
📝 India’s oil and gas crisis is a wake-up call for transport electrification
📝 Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
📝 Oil Prices Fall Over 10% as Strait of Hormuz Reopens; Wall Street Rallies
📝 Dredging Corp signs over ₹2,000-crore fuel supply agreement with Indian Oil
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Coal / Mining
Coal ministry launches 15th auction, offers 17 blocks to boost output
The coal ministry on Friday launched the 15th round of commercial coal mine auctions, putting 17 blocks on offer, including 11 in the current round and six reoffered from the second attempt of the 13th tranche, as it seeks to boost domestic coal production.
📝 NSE gets SEBI nod for coal exchange investment
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Renewable Energy
Waaree Renewable Technologies net up 66% to nearly ₹156 cr in March quarter
New Delhi: Waaree Renewable Technologies on Thursday posted over 66 per cent rise in its consolidated net profit to ₹155.72 crore in the March quarter compared to the year-ago period, mainly on the back of higher revenues.
NTPC Green Energy group firm to begin 150 MW supply from solar project in Rajasthan
New Delhi: State-owned power giant NTPC on Friday said its arm NGEL's group firm will begin commercial electricity supply of 150 MW from a 300 MW solar project in Rajasthan from April 18, 2026.
Ganesh Green Bharat gets ₹430-cr order for supply of solar module
New Delhi: Ganesh Green Bharat on Friday said that it has bagged a new order worth ₹430 crore for the supply of bifacial solar modules.
📝 SEBI clears 3 IPO papers including Brookfield-backed Avaada Electro
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Nuclear Energy
📝 India targets over ten-fold expansion in nuclear power capacity from 8.8 GW to 100 GW by 2047: CEA Chairperson
📝 Need innovative solutions to finance nuclear projects: Official
📝 Atomic Energy Commission clears FDI policy for nuclear power sector
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International
Copper, aluminium trade in narrow ranges
London: Copper and aluminium were little changed on Friday as caution prevailed ahead of possible US-Iran peace talks at the weekend. Benchmark 3-month copper on the LME was down 0.2 per cent at $13,237.50 a tonne by 1017 GMT. Aluminium was down 0.2 per cent at $3,635.50 a tonne after hitting a 4-year high of $3,672 in the previous
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Economy
Rupee rises 29 paise to settle at 92.85 against US dollar
The Rupee made a smart recovery in the new financial year so far, gaining about 191 paise against the US dollar. This has come on the back of RBI measures to counteract the depreciation pressure it faced since the US-Israel axis launched air strikes against Iran on February 28, 2026.
Markets pick momentum: Nifty closes the week with 3% gains, Sensex ends firm; Volatility Index falls 19% in 5 days
Sensex, Nifty today at close: Indian equity indices closed Friday’s trade on a higher note. The Nifty closed 157 points or 0.65% higher at 24,353.55, while the BSE Sensex ended 505 points or 0.65% higher at 78,493.54.
India's economy slipping to 6th rank, IMF data shows, prospects bright
Source Credit: The Economic Times
India's forex kitty jumps $3.8 billion to reclaim $700-billion mark
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