Top Indian Metal & Energy Industry News & Updates - 07 March 2026,Saturday
Govt. Policy / Industry
📝 ‘There is no shortage of energy in India’: Hardeep Singh Puri reassures consumers amid global supply concerns
📝 Pie in The Sky: Kumaraswamy holds key to Siddaramaiah’s Rs 3000 Cr mineral tax dreams
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Iron & Steel
Jindal Stainless flags possible shipment delays to West Asia amid conflict
"One focus area currently is the availability of certain industrial gases and raw materials, such as limestone and dolomite, sourced from the (Middle East)," Jindal added, saying that while the company maintained adequate inventory levels, they were prepared to tap other sourcing options to prevent any impact on production.
📝 NMDC raises iron ore prices
📝 Aditya Birla Group restarts iron ore business, sources say
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Aluminium & Copper
Hindustan Copper: As prices hit $12,900, is this PSU a multibagger or a valuation trap?
The surge in non-ferrous metals like copper has got investors’ attention on a global basis – LME prices of copper are currently at a record $ 12,902 levels per tonne as against $ 10,600 per tonne levels at the end of calendar year 2025.
Antique says 'Buy' again on Nalco; check key drivers behind bullish call
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Gold / Silver & Bullion
Gold declines Rs 1,100 to Rs 1.64 lakh/10g; silver slips to Rs 2.71 lakh/kG
Source Credit: PTI, Deccan Herald
Gold outlook: Analyst holds mildly bearish stance; $5k make-or-break level
📝 Precious metals surge over US-Iran war tensions, softer dollar
📝 India’s gem & jewellery industry braces for major impact due to war in West Asia
📝 Gold ETF inflows plunge 77% in February as price fall shakes investor sentiment
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Other Metals
Hindustan Zinc leads metals sector with 26.3% women representation in workforce
Hindustan Zinc Limited (HZL) has reached 26.3 per cent women representation in its workforce, making it the most gender-diverse company in India’s metals and mining sector, the Udaipur-based zinc producer announced on March 5, 2026, ahead of International Women’s Day.
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Oil & Gas / OMCs
‘Too many ill-wishers’: Russia tightens secrecy around crude oil supplies to India
Russia will not disclose the data on crude oil export to India and keep it secret from “too many ill-wishers”, the Kremlin said on Friday.
Qatar energy minister warns Gulf exports could halt within weeks: Report
Qatar expects all Gulf energy producers to shut down exports within weeks and drive oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.
Indian Oil Corporation announces Rs 2 dividend — Check record, payment date
Indian Oil Corporation (IOC) has announced a second interim dividend of Rs 2 per equity share for FY26. The company in its board meeting today approved an interim dividend of 20% with a face value of Rs 10 each.
India's fuel demand slips month-on-month in February, rises annually
India's fuel consumption fell to 20.24 million metric tons in February from 21.04 million in January, but gained 5.8 per cent compared with the same period last year.
US grants temporary waiver for Russian crude imports; Delhi orders refiners to maximise LPG output
‘Essential partner’: US gives India one-month waiver to buy Russia oil
The Indian Express
ADB flags India's oil supply vulnerability amid Hormuz tensions
India in "very comfortable position" on Oil, LPG supplies despite Hormuz concerns: Govt sources
📝 Gulf Oil extends Chennai Super Kings partnership by four years
📝 HPCL signs pact with IFSDMS for live-fire emergency response training
📝 Crude oil surges 11% as Trump rules out Iran deal without ‘unconditional surrender’; Brent tops $90
📝 Crude oil rallies on intensifying US‑Iran conflict, set for largest weekly gain since 2022
📝 Oil is well again as US ‘allows’ India to buy crude from Moscow without tariff axe
📝 India importing more Russian oil could help, but earlier discount may not be available
📝 LPG, LNG and India’s production, supply and distribution
📝 Shortage of petrol, diesel ‘baseless’; no need to panic: IndianOil
📝 Adani Total Gas keeps CNG and domestic PNG prices unchanged
📝 Petroleum lobby won’t easily allow shift to alternative fuels: Gadkari
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Power
Tata Power partners Salesforce to transform clean energy business
Tata Power on Friday announced its collaboration with theUS-based IT firm Salesforce to digitally transform its rapidly expanding rooftop solar, EV charging, and smart home solutions businesses.
📝 Upcoming IPOs: Bonbloc Technologies, Milestone Gears, Eastman Auto & Power get SEBI nod to launch public offers
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Renewable Energy
📝 ACME Group appoints Jitendra Agrawal as COO manufacturing business
📝 India’s solar industry seeks Rs 25,000 crore support for domestic manufacturing
📝 Sunsure advances industrial decarbonisation in Tamil Nadu; signs PPAs with Daeseung Autoparts & Ilgahng Automotive
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Economy
West Asia conflict: Rupee ends week 77 paise weaker
The rupee saw a see-saw movement during the week amid the West Asia conflict, spike in crude oil prices and FPI-related outflows from the domestic equity markets, plunging to a record closing low of 92.15 per US dollar on March 4 and making a smart recovery to 91.60 the next day on heavy RBI intervention.
India’s forex reserves jump to record $728.49 billion on rise in gold holdings
India's forex reserves jumped USD 4.885 billion to an all-time high of USD 728.494 billion during the week ended February 27, the Reserve Bank said on Friday.
Sensex, Nifty log worst weekly fall in over a year as war worries bog down markets
Benchmark indices recorded their steepest weekly decline in more than a year, with the Nifty 50 tumbling 2.9 per cent and the Sensex shedding 2,370 points over the week, as an escalating US–Iran conflict roiled global markets and sent crude oil prices surging. On Friday, the Nifty closed at 24,450.45, down 315.45 points or 1.27 per cent, while the Sensex settled at 78,918.90, falling 1,097 points or 1.37 per cent.
Indices log worst weekly loss in a year
After a surprising bounce back, benchmark indices continued their southward journey on Friday amid weak global cues and war-related concerns. For the week, the Sensex and Nifty declined 2.91% and 2.89%, respectively – their biggest decline in a year.
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