Top Indian Metal & Energy Industry News & Updates - 07 Jan 2026,Wednesday
Govt. Policy / Industry
📝 Budget 2026: Supercharge this sector for global clout, domestic growth
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Iron & Steel
Tata Steel, JSW Steel, SAIL and 25 others colluded on steel selling prices: Report
The Competition Commission of India has found market leaders Tata Steel, JSW Steel, SAIL and 25 other firms in breach of antitrust law by colluding on steel selling prices, a Reuters report said.
Steel stocks under pressure on CCI investigation into price collusion
Mumbai: Shares of steel companies declined up to 3 per cent on Tuesday after a news report said a Competition Commission of India (CCI) probe found top steelmakers had breached antitrust laws and colluded to fix steel prices. The share prices of Steel Authority of India (SAIL), JSW Steel and Jindal Stainless declined by 3 per cent, 0.8 per cent and 0.5 per cent, respectively. The stock of Tata Steel ended with a 0.3 per cent gain.
Steelmakers rework production, strengthen compliance as CBAM kicks in
MPK Steels and Yuva Jan Kalyan Samiti organised a mega blood donation camp on New Year's Eve at Khachariyawas to mark new beginnings
📝 Thyssenkrupp weighs phased sale of TKSE to Jindal Steel International, sources say
📝 Initial CCI probe finds 28 steel companies including Tata Steel, JSW Steel & SAIL flouting rules
📝 CCI okays Nippon Steel's proposal to acquire 53.4% stake in Krosaki Harima Corp
📝 Steel import parity improves after safeguard duties; demand crucial – S&P
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Aluminium & Copper
📝 NALCO shares hit record high, up 12% in 4 sessions. What’s behind the surge?
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Gold / Silver & Bullion
Gold nears record highs as safe-haven demand rises amid US-Venezuela tensions and rate-cut hopes
Gold prices edged higher on Tuesday, hovering at a one-week peak and closing in on record levels, with safe-haven demand being fed by geopolitical tensions over the US capture of Venezuela’s President and expectations of US rate cuts.
India's 25,000 tonnes of household gold propping up economy, emerge as shock absorber: Report
📝 Gold surges Rs 1,100 to Rs 1,41,500 per 10g in Delhi on firm global cues
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Oil & Gas / OMCs
Why Falling Crude Prices Matter for India: SBI Research list 3 key factors to watch
The spotlight is on Crude oil following the ousting of Venezuelan President Nicolas Maduro by the Trump administration. Venezuela houses 18% of the world’s proven oil reserves but produces less than 1% of global crude output. With OPEC+ deciding to keep the output steady amidst an already existing supply glut in the market, SBI Research suggests that crude oil prices are expected to soften significantly by the first half of 2026.
Reliance denies Russian crude shipments to Jamnagar refinery
📝 India's January Russian oil imports may fall sharply as Reliance expects no deliveries
📝 Oil & Gas sector set for strong Q3FY26, despite upstream pressures: Report
📝 Reliance says not received any Russian oil in three weeks, none expected in Jan
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Coal / Mining
📝 Coal output nears demand, exports may follow: Reddy
📝 Land acquisition proof no longer mandatory for environmental clearance for non-coal mining projects
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Power
From treaty restraint to strategic build-out: India fast-tracks Chenab hydropower
India has started accelerating long-stalled hydropower projects on the Chenab river after keeping the Indus Waters Treaty (IWT) in abeyance, a move that signals a sharper strategic posture on the western rivers of the Indus basin That shift was underlined this week as Union Power Minister Manohar Lal Khattar wrapped up a two-day visit to Jammu and Kashmir, inspecting key hydropower sites across Reasi, Ramban and Kishtwar districts. The visit followed environmental clearance by the Expert Appraisal Committee under the Ministry of Environment, Forest and Climate Change for the 260-MW Dulhasti Stage-II project, one of three major Chenab schemes now being pushed simultaneously.
📝 India's energy storage projects installation to surge 10-fold to 5GWh in 2026: IESA
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Renewable Energy
India adds 81 GW solar module manufacturing capacity in a single year: Prahlad Joshi
New Delhi: India’s solar module manufacturing sector witnessed significant expansion with the addition of 81 GW of capacity in a single year, said the Minister of New and Renewable Energy, Prahlad Joshi. In a social media post, the minister noted that this growth underscores India’s strengthening "Atmanirbhar" (self-reliance) status and its long-term commitment to a robust, future-ready clean energy ecosystem.
Positioned Sterlite, Serentica & Resonia to offer integrated solutions for transmission, clean energy: Pratik Agarwal
Sterlite Group’s demerger to create Sterlite Electric and Resonia is an attempt to unlock full potential of the two entities in the Power sector, which coupled with Serentica Renewables creates a robust value chain offering integrated solutions across transmission, products and clean energy. In February last year, Sterlite Power demerged its business creating Sterlite Electric for manufacturing transmission cables and equipment and Resonia for the transmission infrastructure business.
📝 CalPERS, Enam among investors eye stake in Inox Clean Energy
📝 Tata Power Renewable Energy to invest Rs 6,675 crore in India's 10GW ingot & wafer plant in Nellore, Andhra Pradesh
📝 Small Hydro projects get Rs 2,500-crore push
📝 UP’s proposed AI City in Lucknow to run entirely on green energy
📝 BlackRock entity seeks CCI nod for investments in Aditya Birla Renewables
📝 Juniper Green Energy raises Rs 2,039 crore
📝 ACME Group appoints Jitendra Agrawal as COO manufacturing business
📝 India’s solar module manufacturing more than doubled to 144 GW in 2025
📝 'Battery energy storage to jump 10x in 2026'
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