Top Indian Metal & Energy Industry News & Updates - 09 Jan 2026,Friday
Govt. Policy / Industry
Govt proposes cutting timeline for companies to operationalise mines
The mines ministry has proposed removing the one-year extension that state governments can currently grant under Section 4A (4) of the Mines and Minerals (Development and Regulation) Act (MMDR Act), effectively reducing the mine operationalisation window.
📝 India-led International Solar Alliance to keep working with 125 countries to meet objectives
📝 Union Budget: Assocham seeks incentives for hydrogen steel, green finance
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Iron & Steel
Tata Steel Q3 preview: Why analysts expect a 7% profit hit despite best-ever production milestone
Tata Steel’s provisional consolidated sales in the third quarter of FY26 stood at 8.3 million tonnes, in line with street expectations. According to the Axis Securities report, the higher volume growth in the quarter will aid consolidated revenue, which is partially offset by the lower HRC (Hot Rolled Coil) prices.
📝 Assocham seeks incentives for hydrogen-based steelmaking, green finance in FY27 Budget
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Aluminium & Copper
📝 Anil Kumar Singh takes charge as NALCO director (Commercial)
📝 Hindustan Copper shares fall over 4% as copper prices retreat
📝 China output cap, tight supply and energy transition may keep aluminium prices on upward trajectory this year: Analysts
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Gold / Silver & Bullion
Jewellery stocks slide despite robust Q3 updates
Shares of jewellery companies including Senco Gold, PC Jeweller, Kalyan Jewellers, PN Gadgil, TBZ and Titan fell on Thursday, a day after staging a sharp rally on the back of strong December-quarter (Q3) updates.
Gold and silver fall again as index rebalancing sparks large futures selloff
Gold and silver fell for a second day, with investors positioning for an annual rebalancing of commodity indexes that will see futures contracts worth billions of dollars sold in the next few days.
Tanishq announces Ananya Panday as face of brand, announces annual diamond festival
Chandigarh: Tanishq announces Bollywood actor Ananya Panday as the face of the brand. Her association reflects the brand’s sharpened focus on modernity, self-expression, and relevance, while representing Tanishq’s jewellery portfolio, reinforcing its connection with today’s confident, style-forward woman across categories and occasions.
📝 Cluster-led reforms can push India’s gems and jewellery exports to $75 billion by 2030: Exim Bank–GJEPC study
📝 Gold, silver futures slide for 2nd straight day on profit booking ahead of US jobs data
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Oil & Gas / OMCs
Reliance Industries to consider buying Venezuelan oil: Report
Reliance Industries said it will consider buying Venezuelan oil, as per a Reuters report. According to the report, the Indian petroleum major will consider buying Venezuelan oil if permitted to sell it to non-US buyers.
India braces for Russian oil cuts as US tariff plan risks shutting markets globally
India faces the predicament of cutting Russian crude off massively from its oil import basket if the ‘Sanctioning Russia Act of 2025’ mooted by the US senator Lindsay Graham and greenlighted by President Donald Trump gets bipartisan support and comes into effect as proposed.
📝 Oil prices gain 2% as market focuses on Venezuela and supply worries in Russia, Iraq and Iran
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Coal / Mining
📝 BHEL secures order from BCGCL for coal gasification, raw syngas cleaning facilities
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Power
Supreme Power Equipment Limited bags INR 25.7 cr power transformer order
Chennai: Supreme Power Equipment Limited (SPEL), (NSE Code: SUPREMEPWR), One of India's leading manufacturers of power and distribution transformers, Supreme Power Equipment Limited (SPEL), has announced the receipt of a new order valued at approximately ₹25.7 Cr from an EPC company situated in Karnataka.
Execution-driven margin gains support BHEL despite policy overhang
📝 Torrent Power bets Rs 1 lakh cr on energy, builds new B2C platforms: Jinal Mehta, vice-chairman and MD
📝 PRAGATI in power sector: 43 projects worth Rs 3.02 lakh crore commissioned till December-end
📝 NTPC scopes 30 sites in fresh bid for nuclear expansion
📝 43 frozen power projects worth ₹3 lakh crore completed following PRAGATI review
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Renewable Energy
IREDA share price in focus ahead of Q3 FY26 results: Here's what experts expect from the PSU’s earnings
Shares of Indian Renewable Energy Development Agency (IREDA) are likely to be in focus on Friday, January 9, as the PSU (public sector undertaking) company will announce its December quarter (Q3FY26) results during the day.
India-backed International Solar Alliance remains focused on goals despite US exit, says Centre
New Delhi: Following the US exit from 65 international organisations, including the India-backed International Solar Alliance (ISA), the government said the alliance remains focused on its objective of supporting member countries to scale up solar energy.
NHPC’s bond push lifts stock, but debt and execution risks linger
India’s largest hydropower generator and distributor, NHPC Ltd, last week announced plans to raise ₹2,000 crore through a private placement of bonds—part of a broader ₹10,000 crore fundraising programme for FY26. Investors cheered the move, pushing the stock up 8% since the fundraising announcement on 1 September.
📝 PIB clears ₹26,000-crore Kamala Hydel Project in Arunachal
📝 US quits India-led International Solar Alliance
📝 Hartek Power secures Rs 353.77 cr renewable energy contract
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Economy
Sensex slumps 1,600 points in 4 days on trade jitters
The stock markets started 2026 on a negative note—the third time in the past four years—with both the Sensex and the Nifty falling over 1% in the first eight days of the year. Continuing their losing streak for the fourth straight session on Thursday, the benchmark indices fell up to 1% amid renewed geopolitical tensions, trade-related concerns and persistent selling by foreign portfolio investors.
Rupee falls 7 paise to close at 89.94/$
The rupee fell 7 paise to settle at 89.94 (provisional) against the US dollar on Thursday, weighed down by a host of factors, including higher crude oil prices, foreign fund outflows, and a stronger greenback.
📝 UN raises India's 2026 GDP forecast to 6.6%, pegs next yr's growth at 6.7%
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