Top Indian Metal & Energy Industry News & Updates - 21 Jan 2026,Wednesday

Govt. Policy / Industry

Core sectors grow 3.7% in December as cement, steel lift output
New Delhi: India’s eight core infrastructure sectors grew to a four-month high of 3.7 per cent in December, the government reported on Tuesday. However, core sector growth was still below 5.1 per cent in December.
📝  Four more sectors brought under greenhouse gas reduction regime: Environment Ministry
📝  Govt adds 4 new sectors to mandatory greenhouse gas reduction regime
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Iron & Steel

Govt plans new steel scrap recycling guideline
The government is finalising a national steel scrap recycling policy, replacing the existing 2019 guidelines, to align it with changing dynamics of the industry arising out of domestic compulsions and commitments, and emerging international developments. 
📝  Jindal Saw shares rally 20% in two sessions on strong Q3FY26 results
📝  Green steel to be long-term aspiration rather than imminent shift for India, says ICRA
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Aluminium & Copper

NALCO plans Rs 1,500–2,000 crore push to extract critical minerals from red mud, fly ash
National Aluminium Company Ltd. (NALCO) is planning to invest ₹1,500–2,000 crore to commercially extract critical and high-value minerals from red mud and fly ash, according to people familiar with the company’s plans, marking one of India’s most ambitious circular economy initiatives in the metals sector.
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Gold / Silver & Bullion

Gold, silver soar to new highs globally and in India
Chennai: Gold and silver soared to new highs on Tuesday in the global and domestic markets as the current spat between the US and Europe over Greenland continued to drive investors to haven assets.  Gold topped $4,700 an ounce to a new record. It ruled at $4,732.05 an ounce at 1930 hours IST. Gold futures, expiring in February, were quoted at $4,739.75 on COMEX.  In India’s Mumbai spot market, gold ended at ₹1,47,409 per 10 gm, while on MCX, gold February contracts ruled at ₹1,50,110 for 10 gm, after rising to ₹1,52,250.  Silver topped $95 an ounce and was quoted at $95.36 an ounce. Silver March futures on COMEX ruled at $95.24. In the Mumbai spot market, the white precious metal closed at ₹3,09,345 a kg. On MCX, its March contracts topped ₹3.25 lakh a kg before ruling at ₹3,24,524. 
Gold tops 1.5L/10gm, silver above Rs 3L/kg
Gold, Silver hit record highs as Trump’s Greenland tariff threats spark safe-haven rush
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Other Metals

More gains for Hindustan Zinc depend on volume, LME price trajectory
It reported consolidated operating profit of ₹6,050 crore, up 36 per cent quarter-on-quarter (Q-o-Q), with margins driven by lower cost of production.
Q4FY26 will be the best ever for Hindustan Zinc, says CEO Arun Misra
 
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Oil & Gas / OMCs

India's growth, stable crude prices favourable for both producers and consumers: IOCL Chairman
 
📝  HPCL to buy $3 billion worth of LNG from UAE’s ADNOC Gas under 10-year pact
📝  Indian refinery MRPL looks to shift sourcing of crude oil from Russia to Venezuela
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Power

📝  Adani Power plans up to Rs 7,500 crore NCD raise
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Renewable Energy

Vikram Solar Q3 net jumps 5x to ₹98 crore, board approves ₹4,371-crore capex for battery energy storage systems
Solar module manufacturer Vikram Solar on Tuesday reported an over five-fold jump in its net profit to ₹98.15 crore for the third quarter this fiscal, buoyed by strong volume growth and improvement in operating efficiency.
📝  Renewable energy minister Pralhad Joshi invites IKEA owner for green tie-up
📝  Greenko founders co AM Group looks to invest $25 bn for 1 GW computing hub in UP, signs MoU with state govt
📝  Davos: ReNew to expand in 'measured, smart way' without being greedy, says Co chief Sumant Sinha
📝  Suzlon charts 2.0, bets on hybrid renewables
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Nuclear Energy

Time to sell India’s nuclear power plants
Now that the government has opened the nuclear power sector to private participation, the key question is this: how can private investment be pulled in quickly?
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International

📝  Portugal's Lifthium wins $210 million grant for lithium refinery
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Economy

Rupee falls near record-low
The Indian rupee breached 91-mark for the first time in 2026 on Tuesday amid increased demand for dollars on account of outflows. 
Fitch Ratings: ‘Indian earnings likely to improve in FY27, but US tariff cloud remains’
The financial performance of Indian corporates is expected to improve in FY27, with their credit metrics seen relatively stable, according to ratings agency Fitch Ratings.
Markets log worst day in 8 months on weak earnings
Benchmark indices extended their losses on Tuesday, registering their biggest single-day fall in eight months (May 13), as weak corporate earnings and renewed concerns over rising geopolitical tensions saw investors taking money off the table.    
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