Top Indian Metal & Energy Industry News & Updates - 03 Feb 2026,Tuesday
Govt. Policy / Industry
Excise duty exemption to lower nuclear, renewable project costs, boost private capex
By exempting customs duty for import of goods for nuclear power projects and providing similar exemption for goods used in lithium-Ion cells for battery energy storage systems (BESS) , solar glass inputs and Biogas blended CNG is expected to reduce project costs , boost private capex and improve viability of nuclear energy and renewable power projects.
📝 Rare earth corridor boosts VC confidence in deeptech, EV startups
Read More >>
Iron & Steel
Rathi Steel And Power Limited begins 2026 with record INR 77.45 cr sales
New Delhi: Rathi Steel And Power Limited (BSE -504903), One of the leading players in stainless steel long products and TMT bars, Rathi Steel And Power Limited has recorded its highest-ever monthly sales (from its Ghaziabad unit on a stand-alone basis) amounting to about ₹ 77.45 crore in January 2026, marking a strong start to the calendar year.
SAIL and RITES Sign MoU for diesel locomotive leasing and maintenance
📝 Steel PSU capex to rise 44% in FY27
📝 Steel industry players say Union Budget's push towards infra, MSME to support demand
Read More >>
Aluminium & Copper
Nalco reports highest-ever quarterly net profit in Q3 FY26
As per the reviewed financial results for Q3 FY26, taken on record by the Board at its meeting held here on Friday, the company reported a total income of Rs 4,925 crore as compared to Rs 4,761 crore in Q3 FY25.
📝 Hindustan Copper shares jump over 6%, snap 2-day fall despite sharp decline in Copper prices
📝 Booming copper demand, broken supply chain
Read More >>
Gold / Silver & Bullion
Silver slides for third straight day to Rs 2.6 lakh/kg; gold drops to Rs 1.52 lakh/10g
Silver slides for third straight day to Rs 2.6 lakh per kg; gold drops to Rs 1.52 lakh per 10 grams
📝 Gold, silver see late bounce, sales stay tepid
Read More >>
Other Metals
Hindustan Zinc to raise ₹1,400 cr via debentures
Vedanta group firm Hindustan Zinc Ltd on Monday said its committee of directors on Monday approved raising up to ₹1,400 through debentures. The meeting was held on Monday, Hindustan Zinc Ltd (HZL) said in a filing to BSE. "The duly authorised Committee of Directors... has considered and approved the allotment of 42,000 unsecured, redeemable, rated, listed nonconvertible debentures having a face value of Rs 1,00,000 each, aggregating up to ₹420 crore and 98,000 unsecured, redeemable, rated, listed non-convertible debentures having a face value of ₹1,00,000 each, aggregating up to ₹980 crore where the cumulative principal amount of... shall not exceed ₹1,400 crore," HZL said in a filing to the BSE.
Read More >>
Oil & Gas / OMCs
📝 India-US trade deal: India will drop Russian oil, pivot to US, Venezuela, says Trump
📝 Personal mobility, goods movement lift fuel demand in January
📝 Indian Oil–Vitol venture talks stumble: Sources
📝 GAIL targeting to add 85 new CNG stations in next two years
Read More >>
Coal / Mining
📝 Coal blocks to be allotted only through auctions: Govt
Read More >>
Power
NHPC declares commercial operation of it’s second unit (unit # 3 of 250 MW) of India’s largest hydropower project- 2000 MW Subansiri lower hydroelectric project
📝 Power Grid shares surge 7% after PSU power company raises FY26 capex guidance to Rs 32,000 crore
📝 Power consumption grows 3.8% to 142.74 billion units in January
📝 Power Grid Corp raises FY26 capex forecast to Rs 32,000 cr from earlier Rs 28,000 cr
Read More >>
Renewable Energy
Tata Power Renewable Energy commissions 198 MW wind energy project in Karur
Chennai: Tata Power Renewable Energy Ltd (TPREL), the renewable energy subsidiary of Tata Power, has commissioned a 198 megawatt (MW) wind energy project in Karur, Tamil Nadu. The project, which will serve Tata Steel under the Group Captive model, comprises 55 wind turbine generators of 3.6 M each and is designed to generate 31 million units of clean electricity annually. It expects to offset 26,350 tons of CO₂ annually, thereby ensuring a green supply.
Read More >>