Top Indian Metal & Energy Industry News & Updates - 30 Jan 2026,Friday
Govt. Policy / Industry
Budget 2026: to make India a global critical mineral powerhouse
The global transition toward industrial decarbonization, long-term sustainability, and technological advancement has made securing reliable supplies of critical minerals a strategic priority for governments and industries around the world.
India to build end-to-end critical mineral value chains: Economic Survey
Strategic metals key to global energy transition: Economic Survey
📝 Govt notifies coking coal as ‘critical mineral’ to cut steel import dependence
📝 Economic Survey: DISCOMs record profits for the first time in India
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Iron & Steel
📝 Economic Survey reveals challenges for steel sector on price disparities, raw material security
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Aluminium & Copper
Kanishk Aluminium India Limited IPO opens on January 28, 2026
Mumbai: Kanishk Aluminium India Limited specialised manufacturer of aluminium extrusion profiles and premium aluminium door & window systems, proposes to open its Initial Public Offering on Jan 28, 2026, aiming to raise ₹ 29.20 Crores with shares to be listed on the BSE SME platform. The issue size is 40,00,000 equity shares with a face value of ₹ 10 each with an IPO Price of ₹73 Per Share.
Hindustan Copper rockets 40% in January: 3 big factors driving the surge
Hindustan Copper shares are firmly in the spotlight after extending their rally for the fourth straight session. The stock jumped another 12% in today’s trading session. This is followed by a 13% rise a day earlier. Overall, this takes the total gain for January to around 46%.
Copper, rare earths turn strategic as supply risks rise amid energy shift
Critical minerals such as copper and rare earth elements are fast emerging as strategic chokepoints in the global energy transition, with supply disruptions, export restrictions and rising demand reshaping energy security and geopolitical influence, the Economic Survey 2025-26 said.
📝 Economic Survey warns of looming copper crunch as AI data centres drive power demand
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Gold / Silver & Bullion
Indian jewellers stop taking advance orders on volatile gold, silver movements
Chennai: Soaring prices of gold and silver are creating operational challenges for jewellers, who are hesitant to book advance orders from customers in view of the volatile movements. On Thursday, gold opened ₹1,100 a gm higher than the previous day closing, throwing jewellers off balance. Silver, too, quoted higher by over ₹27,500 a kg. Gold, which opened at ₹1,76,121 per 10 gm, ended at ₹1,75,340 against previous closing of ₹1,64,635. Silver eased to ₹3,79,988 a kg from ₹3,85,933 against ₹3,58,267. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd and President of India Bullion and Jewellers Association Ltd, said the sharp surge in gold and silver prices created real operational challenges for jewellers.
Indian investors’ gold demand increased 73% in 2025
At a time, when the overall demand for gold fell 11% to 710.9 tonnes in 2025, the total value of gold held with Indian households have crossed to a whopping $ 6 trillion.
Gold, silver prices to rise further amid global uncertainties: Economic Survey
Source Credit: Gyanendra Keshri, Deccan Herald
Gold at Rs 1.75 lakh per 10 gm hits all-time high
Domestic gold futures jumped 6% to a record high of Rs 175,869 per 10 grams in early trading, while silver futures also rose 6% to touch an all-time high of Rs 4,07,456 per kilogram.
📝 DGM may start drilling at critical mineral projects this quarter
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Other Metals
Hindustan Zinc launches ‘Zinc Moolya’ a live rupee pricing module on Vedanta Metal Bazaar
Chennai: Hindustan Zinc Limited, one of the world’s largest integrated zinc producers and amongst the top five silver producers globally, has launched ‘Zinc Moolya’, an Indian rupee (INR) live pricing module on its flagship metal e-commerce platform, Vedanta Metal Bazaar (VMB). Designed to democratise access to metal pricing, ‘Zinc Moolya’ enables businesses across India, particularly MSMEs and small-volume buyers, to view, book and lock transparent, real-time metal prices in the INR aligned with global benchmarks, said a company statement.
Vedanta offloads 1.59% stake in HZL, as retail portion subscribed over two times
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Oil & Gas / OMCs
Higher maize-based ethanol has hit crop rejig: Survey
The Economic Survey has raised concerns that a higher price for maize-based ethanol compared to biofuels derived from rice and molasses has led to increase in production and area under the coarse cereal variety.
Adnoc Gas, TotalEnergies, Gunvor in fray for BPCL's ₹35,000-crore LNG contract
Panaji : At least 10 global energy majors—including Abu Dhabi National Oil Co. (Adnoc) Gas, France’s TotalEnergies and Geneva-headquartered trading firm Gunvor—have shown interest in state-run Bharat Petroleum Corp. Ltd’s (BPCL) tender to buy about 4 million tonnes of liquefied natural gas (LNG) over a 10-year period, two people in the know said. The development underscores India’s renewed push to lock in long-term gas supplies amid geopolitical volatility.
Govt soon coming up with policy on compressed Bio Gas: Hardeep Singh Puri
New Delhi: The Ministry of Petroleum and Natural Gas will soon be coming up with a policy on Compressed Bio Gas (CBG) which will work on the strong policy base already in place across the CBG value chain, financial assistance for biomass aggregation machinery, and scheme for development of pipeline infrastructure, said Union Minister Hardeep Singh Puri on Thursday.
‘We must invest’, says IOC Chairman highlighting strategic investment and global partnerships for India's energy sector
New Delhi: India stands as a critical destination for global energy capital as the nation pursues a $500 billion investment roadmap to support its rapid economic expansion. In an exclusive interview with ANI, Indian Oil Corporation (IOC) Chairman Arvinder Singh Sahney stated that the country's trajectory towards becoming the world's third-largest economy requires a significant expansion of energy infrastructure.
India's energy sector entering phase of unprecedented growth: IOC Chairman
New Delhi: Chairman of Indian Oil Corporation Limited (IOCL) AS Sahney on Thursday said India's energy sector is entering a phase of unprecedented growth, driven by strong economic expansion and rising energy demand, making this an opportune time for global partnerships, particularly with the European Union.
India widens crude oil import basket as shares of US, UAE, Africa rise: Survey
India has diversified its sourcing of crude oil in the current financial year, with a notable increase in the number of countries from which it imports crude, even as supplies from some traditional and recent top suppliers have declined, according to the Economic Survey 2025-26.
ONGC to call bids for stake sale in its petchem unit OPal shortly
Source Credit: Benn Kochuveedan, New Indian Express
ONGC to soon sell stake in OPaL
India’s crude imports rise marginally, diversify away from Russia: Economic Survey
📝 Oil explorers surge with global crude after US storm hit
📝 Share of US crude in India’s imports rises to 8.1% in April–November
📝 Brent tops $71/barrel, approaches Aug high
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Coal / Mining
Coking coal gets critical mineral status in push to cut import dependence
In a move aimed at strengthening mineral security and reducing India’s heavy reliance on imports for steelmaking, the government on Thursday notified coking coal as a Critical and Strategic Mineral under the Mines and Minerals (Development and Regulation) Act, 1957.
Coal remains central to India's energy mix, fuels over 74% of power generation: Survey
📝 Vedanta sees better Q4 after solid Q3
📝 NMDC exploring coal reserves in Canada to boost steel capacity
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Power
📝 Adani Power Q3 Results: Cons profit falls 19% YoY to Rs 2,480 crore, revenue down 9%
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Renewable Energy
Oswal Greenzo Energies bags 5 MW green hydrogen project from Deendayal Port
New Delhi: Oswal Greenzo Energies on Thursday said it has bagged a 5 megawatt green hydrogen project from Deendayal Port under the government's Sagarmala Initiative. The facility will be executed on an EPC basis and includes provision for future expansion up to 10 MW using common infrastructure, Oswal Greenzo Energies said in a statement. The contract is for the design, supply, installation, testing, and commissioning of a 5 megawatt (MW) green hydrogen plant at Deendayal Port in Kandla, Gujarat. The plant is expected to generate approximately 800 tonnes of green hydrogen annually, supporting clean energy adoption across port operations and the mobility sector.
India’s renewable energy capacity surges, but challenges galore
Source Credit: New Indian Express
New Delhi: India’s renewable energy sector continues to grow rapidly, but challenges such as high project costs, delays in land acquisition, and limited grid capacity need to be addressed, according to the Economic Survey released on Friday.
Suzlon secures its first 248.5 MW wind order from ArcelorMittal
📝 KPI Green Energy starts power supply from 200 MW RE project in Gujarat
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Nuclear Energy
L&T eyes US nuclear market, MoUs with Holtec & Clean Core Thorium to gain momentum
Mumbai: Pointing to the nuclear market in the US as a “big market”, Larsen & Toubro (L&T) on Wednesday said that with the passage of the SHANTI Act, 2025, its critical MoUs with US-based companies like Holtec International and Clean Core Thorium Energy are expected to gain “momentum.” “All the MoUs that we have put in place will start getting more active. When opportunities emerge then MoUs get translated into more definitive agreements. The consequence of the SHANTI Bill getting passed is that MoUs should get more active,” Subramanian Sarma, Deputy Managing Director and President of L&T, told mediapersons after the third quarter results on Wednesday evening. Sarma was reacting to the passage of The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025 that was passed by both houses of the Parliament in December 2025. The Bill received presidential assent on 20 December 2025, completing the legislative process.
📝 Opening up nuclear power will enhance strategic autonomy: PK Mishra
📝 Nuclear sector reforms to significantly scale up atomic power capacity: Top PMO official
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