Top Indian Metal & Energy Industry News & Updates - 15 Jan 2026,Thursday

Govt. Policy / Industry

📝  CII urges govt to issue mandate on Green Hydrogen
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Iron & Steel

JFE Steel targets major India expansion as it expects Indian output to surpass China
Japan’s JFE Steel Corp expects India’s steel industry to overtake China’s in the long run, and wants to position itself to be the biggest foreign producer of the material in the South Asian nation, a senior executive said.
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Gold / Silver & Bullion

Silver extends record run to Rs 2.86 lakh/kg; gold hits fresh record Rs 1.46 lakh/10g in Delhi
New Delhi: Silver prices zoomed by Rs 15,000 to a fresh record of Rs 2,86,000 per kg in the national capital on Wednesday, while gold also climbed to touch a lifetime high of Rs 1,46,500 per 10 grams, tracking strong global trends.
Gold set to extend rally in 2026 as investors hedge against market bubbles: Report
 
📝  Union Budget 2026-27: Gems, jewellery sector seeks duty rationalisation, GST cut
📝  Budget 2026: GJEPC seeks duty cuts and policy reforms to boost gem and jewellery exports
📝  Vedanta shares jump 6% to record high after Nuvama raises target price to ₹806
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Oil & Gas / OMCs

GAIL honoured as 'Proprietary Member of the Year' at IGX energy talk 2026
New Delhi: GAIL (India) Limited has been named the "Proprietary Member of the Year" at the annual Energy Talk 2026 event hosted by the Indian Gas Exchange (IGX).
Indian oil majors strike it rich again in Abu Dhabi block
Indian Oil–Bharat Petroleum JV makes second oil discovery in Abu Dhabi
The Financial Express
📝  Essar Energy Transition posts record domestic sales at Stanlow refinery in 2025
📝  Indian Oil targets 20-30% revenue from non-fuel biz by 2030: AS Sahney, Chairman
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Coal / Mining

Miners may lose lease on failure to start in 2 years
Source Credit: Twesh Mishra, The Economic Times
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Renewable Energy

We could have fixed carbon emissions
We could have fixed carbon emissions. Really! We had the tech, the engineers, the math, and even the urgency. But we lacked realism. Instead of building a realistic, resilient, low-carbon energy system, we spent the past two decades staging a moral theatre about fossil fuels, complete with heroes, villains, hashtags, and spiritual cleansing rituals like “net-zero.” It became less climate policy, more climate cosplay.
Carbon credit monetisation: How new policy will generate revenue from carbon credits, reduce emission
The government has, however, not released much details in the public domain regarding the framework or how and when it will be implemented.
42 GW of renewable energy projects stalled without offtake deals, posing risk to India’s 2030 goal: BNEF
New Delhi: Even as India is likely to overtake the US as the world’s second-largest solar power market this year, the issue of 42 GW of renewable energy (RE) capacities languishing due to no takers is a major threat to meeting the 2030 target, said BloombergNEF. Even as the global solar build is set to fall for the first time as China slows, solar power capacity additions in India will rise 6 per cent year-on-year in 2026 to just over 50 gigawatts (GW), according to BloombergNEF forecasts.
EPC boom powers Waaree Renewable’s Q3 profit up 124% to ₹120 crore
 
📝  ACME’s 400-MW Andhra solar project makes rapid progress
📝  Hinduja Renewables to expand capacity 3X to 10 GW, invest $4 billion
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International

📝  China's steel exports, iron ore imports hit record highs
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Economy

Markets close in red: Nifty below 25,700, Sensex falls nearly 250 points; Metal stocks outperform
Markets at close: The key indices closed Wednesday’s trade on a lower note, with midcap stocks bucking the trend. The Nifty 50 closed the session 67 points or 0.26% lower at 25,665, while the BSE Sensex fell 245 points or 0.29% lower at 83,382.71. Outperforming benchmarks, the Nifty Midcap 100 ended the day 173 points or 0.29% higher at 59,770.
Global economy defies trade turmoil, growth to ease: World Bank
 
📝  Rupee falls 6 paise to close at 90.29 against US dollar
📝  New forex risk capital rules from April 2027
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