Top Indian Metal & Energy Industry News & Updates - 31 Jan 2026,Saturday
Govt. Policy / Industry
Chile FTA soon, trade pact to open up critical mineral sector for India: Goyal
The negotiations for the free trade agreement (FTA) with Chile will be closed soon and once it is done it will boost India’s access to critical minerals, said Commerce and Industry Minister Piyush Goyal on Friday.
India curtailed 2.3 TWh of solar power in 2025 as grid flexibility lagged capacity additions
India’s rapid solar capacity expansion is running ahead of its power system’s ability to absorb clean energy, leading to the curtailment of 2.3 terawatt-hours (TWh) of solar generation in 2025 — enough electricity to power hundreds of thousands of homes, according to a new report by energy think tank Ember.
Vedanta Q3FY26 net profit jumps 60% to Rs 7,807 crore
📝 Vedanta CFO Ajay Goel targets mid-May India listings of demerged units
📝 India to unveil incentives for lithium, nickel processing
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Iron & Steel
Jindal Steel Q3 net profit falls almost 80% on higher costs; revenue up 11%
Jindal Steel, India’s fourth-largest steelmaker, announed its Q3 earnings after market hours on Friday, reporting a decline in profit during the December quarter due to weak steel prices, higher costs and one time loss related to labour code implementation. Earlier, its shares closed 1.91% lower on the Bombay Stock Exchange while the Sensex closed 0.36% lower.
📝 SAIL Q3 profit at Rs 374 crore on higher volumes, leverage
📝 Green steel can shape India’s climate goals trajectory
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Aluminium & Copper
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.
📝 NALCO posts rise in quarterly profit on higher aluminium prices
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Gold / Silver & Bullion
Global uncertainty and metal shortage drive gold and silver prices higher; 80% market running on exchange: Jewellers
New Delhi [India], January 30 (ANI): Amid heightened global geopolitical tensions and economic uncertainty, jewellers say gold and silver prices continue to surge, driven by strong demand and metal shortages in international markets.
Gold premiums in India hit decade-high ahead of Budget, China sees surge on investment and jewellery demand
Gold premiums in India have surged to a more than decade-high amid strong investment demand, ahead of a likely duty hike in the Union Budget 2026-27.
Gold slides 9% from all-time high, silver crashes 15% as sharp selloff hits precious metals
Gold is trading around $5,100 per ounce on Friday, down by over 5%. From an all-time high of 5602.23, gold has already fallen by 9%. Silver is trading at $103, down 12% from the previous day’s close and 15% down from the all-time high price of $121.
📝 Gold to get support of fundamentals, gains limited for silver
📝 Gold, silver ETFs log biggest single-day fall as prices crash 10-20%
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Other Metals
HZL to diversify into critical mineral mining
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Oil & Gas / OMCs
ONGC’s Puga Valley geothermal project gets boost; first well nears completion
Panaji: Drilling of the first hot spring well, which will become the fuel for the country’s maiden geothermal energy unit in the Puga Valley of Ladakh being developed by ONGC, will be completed by September, giving a major push to the nation’s effort to move more towards green energy.
📝 Essar Oil & Gas to invest $100 million to expand Raniganj CBM output
📝 Jio-BP unveils 'Active' technology petrol: Up to 100 km extra drive annually at no extra cost
📝 HPCL and IGX sign an MoU to increase access at Chhara LNG terminal
📝 Assam Petro-Chemicals inks MoU with Deendayal Port for 150 TPD e-methanol plant at Kandla port
📝 Thermax, HPCL sign MoU to collaborate on green hydrogen and biofuels
📝 Motul showcases future-ready lubrication technologies at SIAT Expo 2026
📝 Indian Oil diversifies crude sourcing; eyes green arm listing
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Power
📝 NHPC to begin commercial operation of 250 MW unit at Subansiri hydro project on Sunday
📝 Bangladesh appoints UK law firm to arbitrate coal pricing, power tariffs with Adani Group
📝 NTPC Q3 Results: Cons PAT jumps 8% YoY, revenue rises 2%; Rs 2.75/share dividend announced
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Renewable Energy
Uttar Pradesh, Yamanashi Prefecture to deepen cooperation in green hydrogen
New Delhi: A high-level delegation from Japan’s Yamanashi Prefecture is visiting Uttar Pradesh to explore opportunities to deepen cooperation in advanced green hydrogen technologies, along with transfer and technical support. The delegation includes officials from the Yamanashi Prefectural government, and various companies including Kanadevia Corporation, a clean energy tech major specialising in green hydrogen production.
AI and Blue Energy gained attention at India energy week: Hardeep Singh Puri
📝 Aditya Birla Group among top 4 in Sprng Energy race
📝 New viability gap funding in the works for energy storage
📝 ACME Solar signs power purchase pact for Rs 3,700 cr FDRE project with NHPC
📝 India Power Corporation Limited to develop 70 MW solar project in Bhutan
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Nuclear Energy
Nuclear power to play a major role in meeting AI's energy requirement: Ashwini Vaishnaw
New Delhi: Nuclear power will be an important part of India's Artificial Intelligence (AI) energy infrastructure, and in this context, the government has carried out major reforms in the sector, said Union Electronics & Information Technology Minister Ashwini Vaishnaw on Friday.
Rosatom showcases small floating nuclear power plant, SMR tech at IEW
New Delhi: At the India Energy Week (IEW), Rosatom showcased its integrated proposal for large nuclear power units and small modular reactors (SMRs), including a unique Russian technology for countries with long coastlines and developed island territories—a floating power unit.
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International
📝 Dutch lithium supplier AMG seeks to bypass China
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Economy
Rupee hits closing low; RBI dollar sales hold it below 92
The Indian rupee continued to remain under pressure on Friday due to heightened demand from importers and corporates, along with a firmer dollar index. The currency closed at a record low of 91.99, almost flat from the previous close. During the day, the rupee traded in the range of 91.84-91.99.
4 reasons why markets are falling today ahead of Budget 2026: Nifty falls below 25,300, Sensex down 500 points
The Indian domestic indices – Sensex and Nifty entered the final trading session of the first month of year on a weak note. The Sensex slipped in the intraday trading hours, falling 500 points. Similarly on the other side, the Nifty was trading below 25,300. The selling pressure across key indices has come ahead to the Union Budget 2026.
📝 India’s forex reserves up by $8 billion to $709.41 billion as of January 23
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