Top Indian Metal & Energy Industry News & Updates - 06 Jan 2026,Tuesday

Govt. Policy / Industry

📝  SC junks customs demand on Adani Power's Mundra SEZ supply to domestic market
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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%.
📝  SAIL reports record high December sales at 2.1 million tonnes
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Aluminium & Copper

Explained: Four reasons why Copper prices hit an all-time high today
Copper prices are close to record highs, but this rise is not because factories or construction activity have suddenly increased a lot. Instead, prices are being pushed up mainly by supply problems and fears of new US tariffs.
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Gold / Silver & Bullion

Gold rises Rs 960 to Rs 1.4 lakh/10g amid strong global trends
New Delhi: Gold prices climbed Rs 960 to Rs 1,40,400 per 10 grams in the national capital on Monday, tracking strong global trends amid heightened geopolitical tensions, according to the All India Sarafa Association.
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Oil & Gas / OMCs

‘Blatantly untrue’: Reliance Industries refutes reports of Russian crude vessels en route to its Jamnagar refinery
Reliance Industries (RIL) has refuted reports that three vessels laden with Russian oil are on their way to its Jamnagar refinery.
ONGC activates emergency response after gas leak at Mori Field in Andhra Pradesh
Konaseema (Andhra Pradesh) : State-run Oil and Natural Gas Corporation (ONGC) on Monday said it has swiftly mobilised emergency response measures after a gas leak was reported during workover operations at Well Mori#5 in the Mori Field of Andhra Pradesh.
Crude prices to soften in 2026, touch USD 50/barrel by Jun, says Report
Crude oil prices are expected to soften significantly in 2026, and they could touch USD 50/barrel by June 2026, a report said on Monday.
Loose supply of petrol continues unabated in Malerkotla

Several unauthorised outlets, including grocers, workshops and roadside eateries, supply petrol and diesel round the clock at a premium price.
Stabilisation of Venezuela’s oil sector could help India’s complex refineries, crude sourcing strategy in medium to long term
 
📝  ONGC joins hands with Japan’s Mitsui OSK Lines to enter ethane shipping operations
📝  HPCL commissions residue upgradation facility at Vizag refinery, boosts margins and fuel output
📝  India must end Russian oil ambiguity as tariffs loom: GTRI
📝  Crude may soften to $50 per barrel by June: Report
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Coal / Mining

Coal India arm BCCL IPO opens January 9: Is the 70% GMP sustainable? Check issue price, key dates
Coal India’s arm Bharat Coking Coal (BCCL) has set a date for its Initial Public Offer. The BCCL IPO will open on January 09. The company has set the issue price band between Rs 21 and Rs 23 per equity share. The company aims to raise Rs 1,071.11 crore via the IPO. 
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Power

Rajesh Power Services bags 65 MW/130 MW battery storage project in Gujarat
New Delhi: Rajesh Power Services on Monday announced securing a battery energy storage project from Gujarat Urja Vikas Nigam Limited (GUVNL). The project is for the development of a 65 MW/130 MW standalone Battery Energy Storage System (BESS) at Virpore in Gujarat, the company said in an exchange filing.
Bondada Engineering bags Rs 627 crore BESS order from AP TRANSCO
EPC company, Bondada Engineering has received orders worth Rs 627 crore from the Transmission Corporation of Andhra Pradesh (AP TRANSCO) for setting up a battery energy storage project of 225 MW/450 MWh in the state, the company said in its regulatory filing.
Adani Power gets relief as Supreme Court nixes SEZ electricity duty
 
📝  IEX electricity trade volume surges 11% to over 34 BU in October-December
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Renewable Energy

Precision cold-roll forming can cut India's industrial carbon load, Industry seeks green-credit recognition
 
📝  Former JSW Energy CFO Pritesh Vinay to helm Vayona Energy
📝  Tata Power Solaroof achieves 1GWp solar rooftop capacity in April-December
📝  Waaree Energy Storage Solutions raises Rs 1,003 cr
📝  Inox Neo Energies acquires 250 MWp solar projects of SunSource Energy
📝  ACME Group appoints Jitendra Agrawal as COO manufacturing business
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Nuclear Energy

📝  SHANTI Act can spur nuclear power deployment in India: Fitch-BMI
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International

📝  Record copper price signals accelerating race for supplies
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