Top Indian Metal & Energy Industry News & Updates - 22 April 2026,Wednesday

Govt. Policy / Industry

Fossil fuel generation in India, China falls for first time this century as solar surge reshapes power mix
Fossil fuel-based power generation in India and China declined simultaneously in 2025 for the first time this century, as a record surge in solar and wind energy outpaced electricity demand growth — marking a decisive shift in the global power mix.
Vedanta gains 3%, hits new high; stock zooms 227% in 31 months; here's why
 
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Iron & Steel

Domestic steel prices to 'remain firm' amid supply constraints, rising costs: Report
New Delhi: Domestic steel prices are expected to 'remain firm' in the near term, driven by supply-side constraints and rising input costs, according to a report by Elara Capital.
Tata Steel, SMS Group join hands for new technology to cut carbon footprint
 
📝  Interest subvention benefits for small iron & steel companies
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Aluminium & Copper

Hindustan Copper plans Rs 7,189-cr capex over 5 years for expansion of mines
Hindustan Copper plans ₹7,189-cr capex over 5 years for expansion of mines
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Gold / Silver & Bullion

📝  Akshaya Tritiya jewellery buying turns more prepaid and offer-led, led by tier-2 and tier-3 demand
📝  Gold, silver prices today, April 21, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
📝  Silver futures fall Rs 946 to Rs 2,51,599/kg; gold drops to Rs 1,53,940/10g
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Other Metals

Vedanta subsidiary Hindustan Zinc announces board meet date to consider Q4 results, interim dividend. Check details
Vedanta subsidiary, Hindustan Zinc, announced that its board will meet later this week to consider the fourth quarter and financial year 2025-26 earnings, along with the declaration of the first interim dividend.
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Oil & Gas / OMCs

OVL to invest $1.17 bn in Brazil offshore field
The government evaluating a proposal to allow ONGC Videsh Ltd (OVL) to invest up to $1.17 billion in Brazil’s offshore BM-SEAL-4 block Financial Express has learnt. The proposed outlay follows prior exploration expenditure of over $123 million, indicating the project’s transition into the development phase.
Manali Petrochemicals to restart Chennai plant operations
Manali Petrochemicals said on Monday that it is set to restart operations at Plant - 1 in Manali, Chennai.  
📝  India’s March oil imports dip on West Asia war, Russian volumes hit record high: data
📝  Rajasthan refinery fire to have no material impact on financials: HPCL
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Alternative Fuels

India should aim to achieve 100% ethanol blending: Nitin Gadkari
New Delhi: Road Transport and Highways Minister Nitin Gadkari on Tuesday said India should aspire to achieve 100 per cent ethanol blending in the near future, as vulnerabilities in oil exports amid the West Asia crisis have made it necessary for the country to become self-reliant in the energy sector.
Oil prices trade lower as Trump announces ceasefire extension; naval blockade of Iran curbs losses
Global oil prices traded lower on Wednesday morning after US President Donald Trump announced an extension of the ceasefire with Iran to allow talks to continue toward a “unified proposal”.
No shortage of petrol, diesel in Punjab, Himachal, J&K, Ladakh; LPG supply normal despite West Asia crisis: IOCL
Chandigarh: Amid concerns over fuel availability due to the ongoing West Asia crisis, Indian Oil Corporation Limited (IOCL) on Tuesday assured that there is "absolutely no shortage of petrol and diesel" in Punjab, Himachal Pradesh, Jammu & Kashmir, Ladakh and Chandigarh.
India's crude import bill falls 5% in March as West Asia hits volumes
 
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Coal / Mining

Odisha unveils India's first platinum group metals extraction plant
 
📝  NavPrakriti to invest over ₹100 cr in critical minerals refining facility in Odisha
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Power

Reliance Power CFO, 2 others arrested for allegedly forging bank guarantees worth over Rs 136 crore
The Economic Offences Wing (EOW) of Delhi Police has arrested the chief financial officer (CFO) of Reliance Power Limited along with two other people for allegedly creating and using fake bank guarantees worth over Rs 136 crore to win a tender from the Solar Energy Corporation of India (SECI), an official told PTI on Tuesday.
Brookfield platform Evren secures $600 mn to supply 300 MW RE to NTPC
Evren, a platform launched by Brookfield in India as a joint venture with Axis Energy, announced on Tuesday that it secured about $600 million for the development of its firm and dispatchable renewable energy (FDRE) hybrid project in Andhra Pradesh and Rajasthan.
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Renewable Energy

Saatvik Green Energy arm bags ₹71.25 cr order to supply solar PV modules
Saatvik Green Energy on Tuesday said that its arm Saatvik Solar Industries has secured an order worth ₹71.25 crore to supply solar PV modules.
India's renewable power growth at 98 TWh doubles demand rise in 2025: Ember
Renewable power generation in India increased by 98 terawatt-hours (TWh) in 2025 compared to the year before, at a time when fossil power generation declined by 52 TWh, according to independent energy think tank Ember. Additional renewable generation was double the demand growth of 49 TWh last year, noted Ember’s Global Electricity Review 2026.
CleanMax to supply RE power to Shell from upcoming 30 MW hybrid projects
New Delhi: Clean Max Enviro Energy will supply clean power to Shell’s LNG terminal in Gujarat and technology centre in Karnataka from its upcoming 30 MW hybrid projects in the two states.
Inox Clean Energy eyes reviving IPO plan to raise $1 billion
Inox Clean Energy Ltd. has revived plans for an initial public offering that could raise as much as $1 billion, according to people familiar with the matter.
India may face solar cell crunch from June on local sourcing rules, industry body says
India is staring at a severe shortage of solar ​cells as new rules from June mandate the use of ‌locally made cells, a move that could ​derail some clean energy projects, an industry ⁠organisation said in a letter to the renewable energy ministry.
📝  Suzlon targets Europe's wind boom with high capacity turbines
📝  Clean energy generation surges in India, coal still dominates: Report
📝  Energy security should drive adoption of renewables now: Hero Future Energies chief Munjal
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Nuclear Energy

India's nuclear push needs parallel power play to hit 100 GW goal: Report
New Delhi: India needs a coordinated and parallel push in uranium mining, fuel reprocessing, heavy engineering capacity and long-term financing to accelerate its nuclear energy programme, according to a report by HDFC Mutual Fund.
📝  Adani Power incorporates nuclear arm to deepen atomic energy push
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International

Renewable energies overtake global electricity demand in India, China
 
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Economy

Rupee falls 0.4% to 93.49 per dollar as RBI eases derivative curbs
The rupee ended lower after the central bank rolled back some restrictions it had imposed on currency market transactions, including allowing banks to offer offshore derivatives linked to the currency.
Sensex jumps 847 pts, Nifty hits 24,600: Top 4 reasons explained
 
📝  Moody’s Ratings cuts India’s FY27 growth forecast to 6% on higher energy costs
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