Top Indian Metal & Energy Industry News & Updates - 03 March 2026,Tuesday
Iron & Steel
Rajputana Stainless' ₹255-crore IPO to open on March 9
Japan, South Korea flag regulatory hurdles for their steel firms in India
Tata Steel to invest ₹11,000 crore in Jharkhand, says Chandrasekaran
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Gold / Silver & Bullion
Titan, Kalyan: Jewellery stocks tumble up to 16% amid West Asia jitters
Gold price falls ₹10 to ₹1,70,500; silver rises ₹100, trades at ₹3,15,100
Gold, silver zoom as US-led Israel war on Iran rattles West Asia
📝 Gold jumps over 1% on Iran strikes; Indian stocks reel as 67% of Nifty 500 slips below 200-DMA
📝 Gold, silver prices jump 3 pc as safe haven demand grows amid Israel-Iran war
📝 Silver, gold futures surge 4% as U.S.-Israel strikes on Iran trigger rush
📝 Gold, silver ETFs gain on equity markets meltdown
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Oil & Gas / OMCs
Saudi Arabia's Aramco Ras Tanura refinery hit by drone strike, shuts down; Brent Crude rises 9%
Saudi Arabia's Aramco, the state oil giant, shut down its Ras Tanura oil refinery on Monday as a precautionary measure after an Iranian drone strike caused a fire at the facility, Reuters and Bloomberg report. An industry source told Reuters that the situation was under control.
Global energy security at risk? Gas prices jump 50% as Qatar shuts world's largest LNG export plant amid US-Iran war
Over half of the world’s largest maritime insurance clubs will stop providing war-risk cover for vessels entering the Persian Gulf starting from Thursday, Bloomberg reported, a move likely to deter cargo loadings in the region.
No petrol, diesel price hike despite global oil prices spiking to $80
International oil prices rose about 9 per cent following US and Israeli attacks on Iran and retaliatory strikes by Tehran, but retail petrol and diesel prices in India are unlikely to be increased in the near term, sources said.
Petrol up 5.7%, LPG jumps 10% in February; diesel rises 4.4%
India’s fuel demand picked up pace in February 2026, with petrol consumption rising 5.74% year-on-year to 3,356 thousand metric tonnes (TMT) and LPG registering a sharp 10.16% jump, while diesel demand grew 4.44%, according to the flash data report released by the Petroleum Planning and Analysis Cell (PPAC).
India most vulnerable to prolonged disruptions to West Asian oil: Analysts
India, a fast-growing oil consumer, is the country most vulnerable to crude supply shocks if the West Asia conflict leads to a prolonged disruption in shipments from the region, mainly because of its thin reserves, analysts said.
Russian crude back in focus for India as Iran war squeezes supply
50% oil via war zone; $10 rise = $14bn hit, Russian cargoes back in focus
The Financial Express
QatarEnergy halting LNG production may impact India’s gas consumption
India assesses fuel supply situation as Middle East tensions rise
📝 Middle East conflict spikes energy costs; experts point to new risks for India’s energy security
📝 Major Saudi refinery, Kurdish and Israeli oil, gas fields shut amid Middle East strikes
📝 India's oil contingency plan in pipeline amid Iran disruptions: Export curbs, more Russian crude, LPG rationing on table
📝 India's oil contingency plan in pipeline amid Iran disruptions: Export curbs, more Russian crude, LPG rationing on table
📝 Asian countries most at risk from oil & gas supply disruptions in Strait of Hormuz: Research group
📝 India’s oil imports from Russia fell to 44-month low in January 2026, Gulf countries saw rising share
📝 LNG prices surge by 50% in Europe after Qatar shuts world's largest gas plant
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Coal / Mining
Coal production from captive, commercial mines rises 18.5% in February
Captive, commercial coal mines produce 20.49 mt in February
Coal powers deals
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Power
M&A activity in power sector gathers pace as PPAs drive up valuations
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Renewable Energy
📝 Suzlon Energy share price crashes over 8%, slips below ₹40 for the first time in nearly two years
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International
QatarEnergy to stop LNG output temporarily as West Asia crisis intensifies
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Economy
Rupee crashes 42 paise to settle at 91.50 against US dollar
The US-Israel joint attacks on Iran had its ripple impact on the rupee, which weakened below 91 to the dollar and touched a one-month low on Monday.
Markets tumble as Middle East burns
The Indian stock markets felt the brunt of escalating conflict between the US-Israel combined force against Iran on Monday that has spread to the Middle East in the last couple of days. Both benchmark indices fell over 1%.
RBI likely selling dollars to support rupee amid West Asia crisis: Traders
📝 India’s foreign exchange reserves rise $19.4 billion in April-December 2025
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