Top Indian Metal & Energy Industry News & Updates - 24 Feb 2026,Tuesday
Govt. Policy / Industry
Vedanta shares rise 2% as board to consider fundraise; analysts bullish
Shares of Anil Agarwal-owned Vedanta Ltd today climbed 2 per cent as the company has announced a fundraising plan. In an exchange filing, Vedanta said that a board meeting will be held later this week to consider a proposal to issue non-convertible debentures (NCDs).
📝 India's TEXMiN, Russia's GIREDMET ink pact to ramp up rare earth, critical mineral technologies
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Iron & Steel
Kalyani Steels, BF Utilities settle Sebi RPT case for ₹4.12 crore
📝 Tata Steel's Rs 3,200-crore Ludhiana plant to begin operations in March
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Gold / Silver & Bullion
Silver, gold climb 3% in Delhi on safe-haven rush after US tariff shock
Silver futures rise 5% to ₹2.65 lakh per kg amid global tariff tensions
Silver, gold ETFs jump up to 10% as metal prices gain amid tariff tensions
📝 Diamond jewellery firm raises ₹171 crore from anchor investors ahead of public issue
📝 Precious metals surge over growing geopolitical tensions
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Other Metals
Hindustan Zinc, Tripura Group ink pact to operationalise Rajasthan manufacturing unit
Hindustan Zinc signs pact with Tripura Group for zinc park in Rajasthan
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Oil & Gas / OMCs
BPCL receives ₹1,816.65 crore excise demand order, to appeal before CESTAT
State-run refiner Bharat Petroleum Corporation (BPCL) has received an order from the Commissioner of Central Tax and Central Excise, Kochi, for an excise duty demand along with interest amounting to ₹1,816.65 crore in relation to valuation disputes linked to its Kochi refinery operations.
India braces for Hormuz shock, oil costs may rise
Rising tensions between Iran and the United States are once again sending tremors through global oil markets, putting the Strait of Hormuz firmly back in focus — and sharply raising India’s exposure to one of the world’s most fragile energy arteries.
Govt to raise ₹16.3K cr by monetising oil and gas assets in next four years
📝 Pine Labs bags multi-year digital payments mandate from BPCL, HPCL, IOCL
📝 What happens to India’s Russia oil imports and target of $500 billion imports from U.S.?
📝 Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say
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Coal / Mining
📝 Odisha's critical mineral sector to hit $20 bn mark by 2032: Study
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Power
Power sector set for AI-driven shift as CAG plans major audit framework
📝 Increasing use of AI, data analytics strengthening power sector: CAG K Sanjay Murthy
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Renewable Energy
Waaree Energies signs 15-year green hydrogen deal in UP with Zero Footprint Industries
Waaree Energies’ wholly owned subsidiary Waaree Clean Energy Solutions has signed Electrolyzer as a Service Agreement (EAAS) for 2.5 MW Electrolyzer for Zero Footprint Industries (ZFI) for ZFI’s green hydrogen expansion in Uttar Pradesh.
Renewable push exposes state-level weak links
India’s electricity transition is accelerating on paper, but the latest state-level data reveal a widening policy-performance gap that could slow investments, strain discom finances and complicate the clean power buildout just as demand from industry, EVs and data centres surges.
Rooftop solar tops 30 lakh homes; MNRE calls for stronger data digitisation
Vayona Energy secures 702 MW wind turbine order from TPREL
📝 US set to decide on tariffs for solar panels from India, Laos & Indonesia amid fair-trade concerns
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