Top Indian Metal & Energy Industry News & Updates - 05 Jan 2026,Monday

Govt. Policy / Industry

Ministry of Steel invites media partners for Bharat Steel 2026
 
📝  Vedanta Q3 production: Aluminium, zinc, iron ore up; steel, oil & gas down
Read More >>

Iron & Steel

Steel cos' stocks get a duty boost amid dull expectations for Q3
The share prices of domestic steel producers have risen by 4-6% since 30 December after the finance ministry notified the extension of safeguard duty imposition on steel imports, as per the recommendation of the director general of trade remedies. The big gainers here are JSW Steel Ltd and Jindal Steel Ltd (formerly Jindal Steel & Power Ltd), which increased 6%.
Read More >>

Aluminium & Copper

The green copper question India can no longer avoid
India’s ambition to lead in electric vehicles, renewable energy and digital infrastructure rests on an uncomfortable contradiction. The country is racing to dominate copper-intensive industries while remaining structurally dependent on imported copper. As global demand for the metal accelerates on the back of the energy transition and digitalisation, the question facing policymakers is no longer whether India should produce copper, but how it should do so responsibly.
Read More >>

Gold / Silver & Bullion

Gold, silver set for sharp swings after Maduro capture adds geopolitical edge to data week

Gold and silver prices are expected to witness sharp volatility next week as traders track key economic data and assess heightened geopolitical uncertainty following the US capture of Venezuelan President Nicolas Maduro, analysts said.
📝  Gold, silver prices may cool off
Read More >>

Oil & Gas / OMCs

ONGC’s first CCS pilot to store CO2 in depleted wells at Gujarat's Gandhar field
New Delhi: Oil and Natural Gas Corporation (ONGC) plans to store captured carbon dioxide in depleted wells at Gujarat's Gandhar oilfield, marking the company's first full-scale Carbon Capture and Storage (CCS) pilot and a major step in its decarbonisation strategy. The pilot will use two abandoned onshore wells to inject around 100 tonnes of CO2 per day into subsurface hydrocarbon reservoirs, officials said.
US control of Venezuelan oil may unlock $1 bn stuck dues for India, lift output
US control of Venezuelan oil may unlock $1 bn benefit to India: ONGC, Reliance likely to reap rewards
The Financial Express
Government seeks weekly oil import data from refiners as India eyes US trade deal
Source Credit: The Telegraph

The Centre is seeking weekly disclosure of Russian and US crude oil purchases from refineries, signalling India’s intent to clinch a trade deal with the US.
Union Minister Hardeep Singh Puri highlights India's growth to 132 Compressed Bio Gas plants
 
India's LNG-powered trucks and fuel retail underperformed in 2025
The performance of liquefied natural gas (LNG) in India last year was not encouraging from the environment point of view. Outlets selling LNG, which, the oil industry says, has the potential to transform fuel use by 2030, and trucks running on this fuel have underperformed. Unlike China, which has witnessed scorching growth, the Government of India does not offer any incentives for LNG in transport, industry sources said.
📝  Reviving Venezuela’s oil sector will be slow and risky despite Trump’s push, industry executives say
📝  ONGC to store CO2 in depleted wells at Gujarat's Gandhar field in first CCS pilot
📝  Oil prices settle lower after biggest annual loss since 2020
Read More >>

Opec

OPEC+ keeps oil output steady amid turmoil among members post US attack on Venezuela
OPEC+ kept oil output unchanged on Sunday after avoiding discussions of the multiple political crises affecting the producer group’s members, from the Middle East as well as Russia, Iran and Venezuela.
Read More >>

Coal / Mining

CIL allows neighbours to buy directly from auction, boosting cross-border coal sales
The CIL board has approved changes to the norms governing the Single Window Mode Agnostic (SWMA) auctions, enabling foreign buyers to participate alongside domestic consumers. The revised framework will come into effect from January 1, 2026.
Coal India arm BCCL files prospectus to launch January 9 IPO, first mainboard issue of 2026
State-owned Bharat Coking Coal Limited (BCCL), the subsidiary of the country’s largest coal mining company Coal India, has filed a red herring prospectus (RHP) with the registrar of companies to launch its IPO on January 9, being the first mainboard offer in the new year 2026.
📝  Coal imports expected to drop on increased domestic availability
📝  India's coal import rises in November, likely to drop in coming months due to increased domestic availability
Read More >>

Power

Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan
Thimphu [Bhutan]: Adani Group has commenced the 570 MW Wangchhu Hydro Electricity Project in Bhutan, which was initially announced in early September 2025. The foundation stone for the hydro power project was launched in the presence of Bhutan's Prime Minister Tshering Tobgay and Adani Group Chairman Gautam Adani.Druk Green Power Corporation (DGPC) of Bhutan will hold a majority 51 per cent stake, and Adani Group will have 49 per cent.
Read More >>

Renewable Energy

‘Govt should increase PLI support to solar sector in Budget 2026’
 
Developers told to add BESS, shift to non-solar hours
In what could trigger a new trend in the renewable energy industry, solar power developers in Andhra Pradesh may be asked to add battery energy storage systems (BESS) to ensure that a solar park’s generation capacity is no longer constrained by its power evacuation capacity. By co-locating BESS, storing solar energy generated during the day and transmitting it during non-solar hours, more solar capacity can be accommodated within a given park, while also improving utilisation of transmission infrastructure.
A watershed moment for battery storage capacity
In the renewable energy sector, the year 2025 was one of continuous records. After solar installed capacity and module manufacturing capacity crossed 100 GW each, wind swept past 50 GW, RE capacity exceeded 200 GW, and power generation capacity from non-fossil fuel grew more than 250 GW and accounted for more than half of the country’s electricity generation capacity, here is yet another record: energy storage system (ESS) capacity tendered exceeded 100 GWhr, according to the latest data provided by the India Energy Storage Alliance (IESA).
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
New Delhi : Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said two people in the know of the developments.
📝  Goldi Solar looks to add 5 GW module, 16 GW cell capacity by FY28 to meet domestic demand
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710