Top Indian Metal & Energy Industry News & Updates - 23 April 2026,Thursday
Govt. Policy / Industry
NCLAT reserves order on Vedanta's pleas of Adani's bid for JAL
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Iron & Steel
Tata Steel expands partnership with Google Cloud; deploys over 300 AI agents to boost efficiency
New Delhi: Tata Steel has expanded its partnership with Google Cloud to deploy a unified, enterprise-wide artificial intelligence (AI) strategy across its global value chain.
JSW Steel to sign JV with JFE Steel for Odisha plant expansion on April 24
📝 Industrial decarbonization hinges on capital cycles, not just clean energy: Jindal Stainless' Kalyan Bhattacherjee
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Gold / Silver & Bullion
Organised gold recycling can curb imports, boost economic stability: Muthoot Exim CEO
India’s gold demand is expected to remain strong due to its deep cultural and financial relevance, but the way this demand is met will determine its broader economic impact, according to Keyur Shah, CEO of Muthoot Exim.
Gold price dips ₹10 to ₹1,54,740; silver falls ₹100, trading at ₹2,64,900
📝 Gold, silver prices today, April 23, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more
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Oil & Gas / OMCs
Govt explores flex-fuel vehicles as energy security gains urgency
The government is working on a policy for the adoption of flex-fuel vehicles in the country as supply disruptions caused by the West Asia conflict highlight the importance of alternate fuels, said Sujata Sharma, joint secretary at the Ministry of Petroleum and Natural Gas (MoPNG), on Wednesday.
Refiners seeking larger margins with exports during fuel shortage
Chennai: Amid the West Asia crisis, India is seeing a “contrasting phenomenon” of declining crude imports and increasing petroleum product exports as some of the refiners are exempted from windfall taxes and they are still exporting for larger margins, despite the shortage of fuel in the domestic market, finds Dhananjay Sinha, CEO and Co-head, Institutional Equities, Systematix Group.
Q) Since the start of the Iran war, crude oil supply has remained uncertain. Crude and petroleum imports were down 35 % in the month of March and this squeezed the availability of petroleum products in the domestic market. However, oil marketing companies continued export of petroleum products and exports of these products even increased by 5.88 % in March to $5 billion. What do you have to say about the situation?
📝 ONGC cancels jack-up rig tender over cartelisation fears, flags 60% spike in bid prices
📝 Upstream oil and gas producers to shine in Q4, but OMCs and gas distributors face profit squeeze
📝 Centre working on flex-fuel vehicle policy amid West Asia supply concerns
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Alternative Fuels
Crude imports slump to 5-year low, exports drop 24% as supply shocks hit India’s oil chain
India’s oil supply chain showed clear signs of stress in March, with crude imports falling to their lowest level for the month in five years, exports contracting sharply and prices surging, as disruptions to key global energy routes tightened availability and forced refiners to recalibrate sourcing strategies.
India should aspire to achieve 100% ethanol blending in near future: Nitin Gadkari amid West Asia crisis
As the oil trade from the West Asia stays disrupted for nearly two months and with the US blockade, Road Transport and Highways Minister Nitin Gadkari has suggested that India should aspire to achieve 100 per cent ethanol blending in the near future. He said vulnerabilities in oil exports amid the West Asia crisis have made it necessary for the country to become self-reliant in the energy sector.
📝 India crude oil production falls for 11th year, gas declines again
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Coal / Mining
India coal output declines in FY26; March sees first drop in over a decade
India’s coal production growth turned negative for the first time since the pandemic, even as output contracted in March, a rare occurrence for the month in over a decade, signalling emerging supply-side and pricing pressures in the sector, analysts said.
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Power
Tata Power sets board meeting date to declare Q4 results 2026. Details here
Tata Power board is slated to meet next month to consider and approve the financial results for the fourth quarter for the fourth quarter of the financial year 2025-26 (FY26). It will also recommend a final dividend, if any, according to the exchange filing dated Wednesday, 22 April.
Tata Power EZ Home Solutions launched in Hyderabad
Hyderabad: Tata Power has launched its Tata Power EZ Home Solutions in Hyderabad, bringing easy-to-use smart home technologies to the city.
EZ Home enables app-based control of lighting, climate, security, and energy management. The portfolio includes smart sockets, touch panel switches, converters, and motion sensors that integrate into existing electrical setups without major modifications.
This makes the solutions suitable for newly constructed homes and established residences across Hyderabad.
Automated scheduling ensures appliances such as air conditioners, refrigerators, fans, and washing machines operate only when required. The system is designed to offer offline functionality as well, ensuring uninterrupted performance when faced with limited internet connectivity. Home automation can reduce electricity consumption by 15% annually, a saving of over 1,300 units of electricity per year, a release said.
📝 CERC Proposes Grid India as Market Coupling Operator to Enable Uniform Power Pricing
📝 Andhra Pradesh to issue power distribution licences to large data centres
📝 India eyes 156 GW wind capacity by 2036: Pralhad Joshi
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Renewable Energy
Nearly 11,000 get 'zero' electricity bills in Odisha after solar adoption
📝 Andhra Pradesh to host Rs 5,400 crore solar manufacturing project groundbreaking
📝 Sunkonnect plans to cut 15% carbon dioxide emissions in educational institutes over 4 years
📝 Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
📝 NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buy
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Nuclear Energy
📝 Adani forms step-down subsidiary for nuclear energy ops
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Economy
Bears tighten grip: Nifty closes below 24,400, Sensex tumbles 750 points; Tech stocks bleed, Nifty IT down 4%
Markets at close: The market ended on a weak note, with the Sensex closing at 78,516.49, down 756.84 points or 0.95%, while the Nifty settled at 24,378.10, lower by 198.50 points or 0.81%.
Rupee slips to 93.80 vs dollar amid oil surge, Asian currency fall
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