Top Indian Metal & Energy Industry News & Updates - 02 Jan 2026,Friday
Govt. Policy / Industry
📝 IREDA's loan disbursements up 44% at Rs 24,903 crore in April-December
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Iron & Steel
Morgan Stanley bullish on Indian steel after govt’s safeguard duty: Tata Steel, JSW Steel, and SAIL top picks
Steel stocks are in the spotlight after the Ministry of Finance imposed a safeguard duty on imports of certain steel products for 3 years. Morgan Stanley analysts believe that this has finally triggered the elusive “bull case” scenario for steel companies under their coverage.
EU carbon tax: Steel, aluminium exporters to take a 15-22% hit
Indian exporters of products covered by carbon tax will have to cut prices by 15-22% to remain competitive in the European Union (EU) as the payment phase under the Carbon Border Adjustment Mechanism (CBAM) becomes operational from January 1, according to Global Trade Research Initiative (GTRI).
India imposes 11–12% safeguard duty on select steel imports for three years
Silver futures drop 4.6 pc after record rally this year
Centre imposes steel safeguard duty for 3 years; up to 12% on imports
📝 NMDC’s iron ore output rose 15% in December 2025, sales 19%
📝 Lowest steel prices in five years in India in 2025, Tata Steel CEO Narendran says
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Gold / Silver & Bullion
As gold hits records, Indians opt for bars and coins over jewellery
Silver’s year-end shock: Rs 15,000 crash signals volatility ahead for traders
📝 Gold lends most glitter to loans with 125% surge
📝 Record highs and volatile swings: Gold in 2025
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Oil & Gas / OMCs
Russian oil still reaches India despite US sanctions, December intake slips
New Delhi: Russian crude continues to flow into India despite US sanctions on two major Russian oil companies -- Rosneft and Lukoil – albeit in much lower quantity than earlier. Thanks to India’s private refiners, who continue to import Russian crude with modified operating strategies, and supplies from entities other than Rosneft and Lukoil, Russian oil remained among India’s top sources of crude oil in December 2025. According to commodity market analytics firm Kpler, imports were around 1.2 million barrels per day (Mbd), the lowest level since December 2022.
Crude oil prices to remain low in 2026 due to surplus production and supply demand mismatch: Report
📝 Petrol, diesel, LPG consumption show above average increase in December
📝 GAIL Gas cuts CNG, domestic PNG prices
📝 GAIL Gas cuts CNG, PNG prices after pipeline tariff rationalisation
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Coal / Mining
📝 Coal India output grows 4.6 pc; offtake dips 5.2 pc in December
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Power
US firm & NTPC to team up, fuel India’s thorium ambitions
New Delhi: Chicago-based Clean Core Thorium Energy (CCTE), only the second American company to have bagged an export licence from the US Department of Energy to sell nuclear technology to India in nearly two decades, will partner NPTC Ltd, the country’s largest power utility, in the development of thorium as an alternative to uranium for fuelling nuclear reactors.
📝 Power consumption grows 7 pc to 138.39 billion units in Dec
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Renewable Energy
📝 KPI Green Energy gets grid connection nod for 32 MW projects
📝 Adani Green Energy operationalises 307.4 MW RE projects
📝 Long-term policy support key to meeting India's renewable energy goals: Experts
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Nuclear Energy
📝 Rosatom supplies nuclear fuel to India for Kudankulam NPP’s Unit 3
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