Top Indian Metal & Energy Industry News & Updates - 29 Jan 2026,Thursday
Govt. Policy / Industry
Budget likely to back upstream solar manufacturing with Rs 5,000–6,000 crore support
The Union Budget may provide ₹5,000–6,000 crore in incentive support for domestic manufacturing of solar ingots and wafers, as the government looks to strengthen India’s upstream solar supply chain, officials familiar with the discussions said.
Will offer 'attractively priced' energy to India: Canada minister Hodgson
📝 KM Birla signals $6-billion push at Hindalco as India’s manufacturing cycle strengthens
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Iron & Steel
India-EU free trade agreement: CBAM rules strain India's steel MSMEs
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Gold / Silver & Bullion
📝 Gold, Silver scale new peaks as dollar slips
📝 Nationalised banks hold 60% of gold loans outstanding
📝 Silver glitters to record Rs 3.85 lakh/kg; gold storms Rs 1.71 lakh/10g
📝 Gold climbs to record high above $5,300 as dollar slips
📝 Silver futures hit record Rs 3.83 lakh/kg; gold at fresh peak of Rs 1.62 lakh/10g
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Other Metals
📝 Hindustan Zinc OFS sees strong demand, non-retail portion subscribed 1.42 times on Day 1
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Oil & Gas / OMCs
ONGC in talks with ExxonMobil for joint bids under upcoming OALP rounds
State-run Oil And Natural Gas Corporation (ONGC) is aiming to collaborate with ExxonMobil to jointly bid for India’s hydrocarbon blocks in the upcoming bidding rounds under the Open Acreage Licensing Policy (OALP), the company’s Director (Exploration) O P Sinha said.
ONGC, RIL sign agreement to share deepwater resources on India’s East Coast
New Delhi: Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd (RIL) have signed an agreement to enable resource sharing for deepwater offshore exploration & production (E&P) operations on India’s East Coast, particularly across the Krishna Godavari (KG) basin. The agreement, which was signed on Tuesday, also includes the Andaman offshore, marking a major step towards cost optimisation, faster execution and improved asset utilisation in complex deepwater projects.
Honeywell, TruAlt Bioenergy sign pact for 80,000 tpa sustainable aviation fuel project
Honeywell on Wednesday said TruAlt Bioenergy Limited will use its Ethanol-to-Jet (ETJ) process technology to produce 80,000 tonnes per annum (TPA) of sustainable aviation fuel (SAF) in India.
ONGC, BP tieup boosts oil production from Mumbai High by 3,500-4,000 bpd
BPCL to invest ₹25,000 crore in City Gas Distribution network
India emerges as a price-sensitive swing buyer in global LNG
As global LNG supply expands, India is positioning itself as a benchmark-driven swing buyer, selectively accessing spot and short-term cargoes when international price markers align with domestic alternatives.
Petronet LNG, ONGC ink 5-year regasification agreement
📝 Jio-BP, Adani Total plan to co-locate fuel outlets hits regulatory hurdles
📝 Indian Oil Corp to raise diesel exports with refining capacity boost, official says
📝 LNG still too pricey for Indian demand boost, top importer says
📝 Cairn Oil & Gas announces gas discovery in Ambe
📝 Russia oil’s unexpected staying power in India extends into 2026
📝 Going to aggressively pursue exploration in deepwater areas, says ONGC Exploration Director O.P. Sinha
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Coal / Mining
📝 Deccan Gold Mines may start drilling at critical mineral projects this quarter
📝 India considers tighter mining auction rules to deter laggards, sources say
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Power
Strong order book, execution key triggers for CG Power stock ahead
CG Power and Industrial Solutions shares jumped nearly 10 per cent in trade, logging an intra-day high of ₹584.4 per share on the BSE. The stock was the biggest gainer in the BSE 200 and closed at ₹582.5, rising 9.6 per cent. In comparison, the BSE 200 was up a tad over 1 per cent, while the benchmark Sensex gained about 0.6 per cent.
📝 Adani Power boosts electricity supply to Bangladesh despite souring diplomatic ties
📝 Adani Electricity Mumbai gets AAA rating, first private power distributor to match sovereign grade
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Renewable Energy
Suzlon secures 248.85 MW wind order from ArcelorMittal Group in Gujarat
The order involves the supply of 79 S144 Wind Turbine Generators (WTGs) with a rated capacity of 3.15 MW for the project in Bachau, Kutch district, the state. This marks Suzlon’s fourth major wind order for decarbonizing steel production, bringing its contribution to approximately 1,156 MW of green steel capacity in India, the company stated in an official release on Wednesday.
Staubli expands manufacturing facility in Bangalore: $10 million investment to strengthen India's Solar PV connector ecosystem
India’s energy demand expected to double to 44 million barrels of oil equivalent by 2050
📝 Inox Clean Energy raises ₹3,400 crore from NaBFID to refinance Vibrant Energy debt
📝 NTPC Renewable to begin 130.47 MW commercial supply from Khavda-I solar project from midnight
📝 JSW Energy to set up its first nuclear power plant by 2030
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Nuclear Energy
India could order more homegrown reactors amid nuclear push
India is set to order a third fleet of locally designed reactors as part of an ambitious effort to expand nuclear power capacity at a manageable cost, according to people familiar with the plan.
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Economy
Indices extend gains for second session; Sensex climbs nearly 500 points
Tracking gains in other Asian equity markets, domestic benchmark indices rose by up to 0.66% on Wednesday, extending gains for the second consecutive session. The announcement of the India–EU trade deal on Tuesday boosted investor sentiment, while short-covering and renewed buying interest across sectors added to the positive momentum.
📝 Rupee lags Asian peers as NDF maturities, month-end dollar bids pinch
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