Top Indian Metal & Energy Industry News & Updates - 02 March 2026,Monday

Govt. Policy / Industry

📝  War impact on India Inc’s energy costs to be sector specific
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Gold / Silver & Bullion

Silver, gold may surge next week as Middle East tension intensifies: Analysts
Precious metal prices are likely to see a fiery start to the week when trading resumes on Monday, as investors would rush for safe-haven assets amid global uncertainties following the escalating the Middle East tension, analysts said.
Gold surges over 1%, climbs above $5,300 as strikes on Iran rattle markets
Gold prices rose more than 1 per cent on Monday after the US and Israel launched major strikes on Iran, ​killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions ​and deepening global economic uncertainty.
📝  Gold and silver rally as Iran tensions boost safe haven demand outlook
📝  India staring at likely gold, diamond shortage after US and Israeli strikes on Iran
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Oil & Gas / OMCs

E20 petrol only from April 1: Will premium fuels like XP100 and Power100 save older vehicle engines in India?
The Indian government has now set a deadline of April 1 for a complete transition to E20 petrol with a minimum 95 Research Octane Number (RON). The rollout, which was initiated from 2025 across the country, aims to tackle the issues of vehicular emissions and benefit farmers by supporting agricultural economies. However, the ethanol-blended petrol has led to concerns for owners of older, non-E20-compliant vehicles, who are already grappling with potential reliability concerns. 
Oil prices surge in Asia, stocks under pressure
Sydney, - Oil prices surged on Monday and investors stampeded to the safety of bonds and gold as military conflict in the Middle East looked set to last weeks, just as markets had been spooked by AI and banking fears.
Oil prices jump 8% as US–Israel strikes on Iran rattle global markets
London: Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.
India braces for crude blow from Iran strike, scouts for options
Taking stock
Crude oil prices jump 10% on Iran war, spike to $100/barrel seems certain
Crude oil prices surge approx 10% to USD 78.52/barrel amid middle east tensions, Experts warn of USD 120+ oil risk
Deepak Gupta takes over as chairman and managing director of GAIL
Source Credit: PTI,  Business Standard

New Delhi: Deepak Gupta, a seasoned energy sector executive, on Sunday assumed charge as chairman and managing director of GAIL (India) Limited, India's largest gas transmission and marketing company.
Crude oil prices, competition likely to dull paint makers' margins
 
📝  Iran conflict: India boosts LPG production as Strait of Hormuz disruptions hit supplies
📝  West Asia conflict sparks oil price fears, India Inc flags hit to demand and remittances
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Opec

OPEC agrees to 206k barrel-a-day production hike for April as US-Iran conflict tests oil markets
OPEC+ to increase production by 206,000 bpd as US-Iran war disrupts Gulf oil flows
The Financial Express
📝  OPEC+ hikes oil production by more than expected following outbreak of Iran war
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Coal / Mining

Coal to remain core business, despite forays into clean coal tech: Coal India CMD
With India crossing the one-billion-tonne coal production threshold last year, power demand projected to hit new peaks this summer, and Coal India lining up ₹16,000 crore in capital expenditure for FY26, the country’s largest miner is entering a phase of volume expansion, logistics build-out and diversification aimed at securing energy supply well into the next decade. In an interview with Saurav Anand, Coal India Chairman and Managing Director B. Sairam gives details about the company’s production roadmap, infrastructure investments, cleaner coal push and entry into critical minerals.
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Power

Bangla govt not to scrap pact with Adani Power
The new government in Bangladesh will not cancel the power purchase agreement with Adani Power. Minister of Power, Energy, and Mineral Resources Iqbal Hasan Mahmud said that the BNP-led government will retain the power purchase agreement with Adani Power.
Power consumption grows marginally by 1.86% to 132.99 billion units in Feb
New Delhi: Power consumption in the country grew marginally by 1.86 per cent to 132.99 billion units in February from 130.56 BU a year ago, as the use of heating appliances like geysers and blowers slowed down due to higher-than usual temperature.
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Renewable Energy

Suzlon Energy stock: ICICI Sec reiterates 'Buy' for more than 53% upside
Suzlon Energy share price target: Domestic brokerage firm ICICI Securities has reiterated 'Buy' call on Suzlon Energy, saying the company maintains its stronghold in the existing wind business and that the tailwinds in renewables are here to stay.
GAIL to invest ₹1,736 crore in wind power project in Maharashtra
 
📝  Andhra Pradesh okays Adani solar power deal, with rider
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Nuclear Energy

📝  Karnataka: NPCIL begins work on Kaiga units 5 & 6
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