Top Indian Metal & Energy Industry News & Updates - 28 Feb 2026,Saturday

Iron & Steel

Proterial plans Metglas plant in Andhra using PLI for specialty steel
 
Steel Exchange India gains 6% as board to consider fundraise on March 4
 
Tata Steel completes 1 year pilot on thermal energy storage system
 
📝  BMW Ventures Secures RS.36 crore fabricated steel products order for (BHEL Project), marks strategic entry into large-scale infrastructure projects
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Gold / Silver & Bullion

Gold rises Rs 1,800 to Rs 1.64 lakh/10g on fresh buying
The precious metal of 99.9 per cent purity closed at Rs 1,62,900 per 10 grams on Thursday. Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said, that gold price rose amid mixed global signals, "as markets weighed escalating US trade protectionism and persistent tensions in the Middle East against a steady dollar".
Gold futures increase on spot demand
Gold prices on Friday (February 27, 2026) rose ₹890 to ₹1,60,599 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.
Aditya Birla’s Indriya opens third Bengaluru store, plans to double city presence by year-end
Bengaluru: Indriya, the jewellery retail venture of the Aditya Birla Group, has opened its third store in Bengaluru and plans to more than double its presence in the city this year as part of a strategy to deepen its play in top metros.
‘Investment demand for gold to continue, balancing gold demand’
 
Investment demand to provide steady support for gold, say experts
 
Gold price outlook: Seen range-bound; traders to focus on US-Iran talks
Geopolitics watch:
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Oil & Gas / OMCs

Russia remains India's top crude oil supplier despite Trump pressure
 
BPCL commissions Compressed Biogas Plant at Brahmapuram near Kochi
 
📝  India will churn for a strategic amrit with Mission Samudra Manthan
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Alternative Fuels

India's peak oil demand pushed to 2040s, global timelines shift: Shell economist says, amid geopolitical tensions
New Delhi: The timelines for peak fossil fuel consumption—including oil and coal in both India and globally—may be delayed further amid geopolitical tensions that are pivoting the focus towards energy security and countries deviating from their climate commitments, Shell plc's chief economist Mallika Ishwaran said.
US licences for India's Venezuelan oil purchases mask ground realities
 
Nearly 50% pre-2022 petrol cars see lower mileage on E20 fuel: Survey
 
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Coal / Mining

India aims to cut thermal coal imports by 30% for power plants in 2026
 
Coal India gears up to meet peak summer power demand, assures ample stocks
 
📝  India seeks to cut power sector coal imports by 30% this year, sources say
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Power

NTPC pays power ministry ₹2,666.58 crore as second dividend for FY26
 
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Renewable Energy

C&I renewables to surge to 57 GW by FY28 on open access, tariff gains
India’s commercial and industrial (C&I) renewable energy capacity is set to rise sharply to 57 gigawatts (GW) by FY28, up from about 40 GW expected by the end of FY26, marking a 17 GW addition in just two years as corporate decarbonisation and tariff arbitrage drive demand.
Sarda Energy shares rally 8% as SC clears acquisition of SKS Power
 
Sustainable practices can guide NE in renewable push: Shubhanshu Shukla
 
MNRE’s GIB‑related relief to benefit 8.6 GW RE projects
 
Norway's sovereign wealth fund drops Adani Green Energy from its portfolio
 
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Economy

Bear charge on D-Street: Nifty closes below 25,200, Sensex down 960 points; Auto, financials bleed
The selling pressure is increasing across the market in afternoon trade. The Nifty is now trading around the crucial 25,200 mark. This level is close to the lows that the markets slipped to in early January this year. The Sensex too has fallen nearly 1,000 points. 
Rupee falls 8 paise to settle at 90.99 against US dollar
The rupee declined 8 paise to settle at 90.99 (provisional) against the US dollar on Friday weighed down by a sharp rise in global crude oil prices amid geopolitical uncertainties.
India’s economy grew 7.8% in December quarter; to end FY26 with 7.6% expansion
Changing hues of the economy
India's forex exchange reserves drop $2.1 billion to $723.6 billion
 
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