Top Indian Metal & Energy Industry News & Updates - 09 March 2026,Monday
Govt. Policy / Industry
Vedanta aims to raise women workforce share to 35%, launches hiring drive
📝 Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
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Iron & Steel
Tensions in West Asia to impact Indian, other steel markets: BigMint
📝 Stainless steel companies seek govt action on China dumping & raw materials
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Aluminium & Copper
Can Lloyds replicate Gadchiroli success in Congo’s copper belt?
Mumbai: After setting up mining operations in a Maoist conflict-prone region in India, Lloyds Metals and Energy Ltd is betting it can replicate that success in the volatile Katanga region of the Democratic Republic of the Congo.
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Gold / Silver & Bullion
Indian gold prices drop in February as rupee surges following US tariff relief: Report
New Delhi: Gold prices in India experienced a decline in February. According to a recent report by the World Gold Council, "a sharp Indian rupee appreciation following tariff relief with the US, saw local prices drop 3.5%."
This jewellery group eyes Rs. 350 crore fundraise, board clears capital hike
Motisons Jewellers Ltd is preparing for a major capital raise after its board approved plans to mobilise up to ₹350 crore through the issuance of equity shares or other convertible securities. The move signals the jewellery retailer’s plans to strengthen its balance sheet and fuel future expansion.
Gold poised for volatile week as West Asia tensions roil markets: Analysts
📝 Sunil Gold India files draft papers with SEBI to float IPO
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Oil & Gas / OMCs
Indian Oil books crude cargoes loading from Red Sea port of Yanbu: Report
Top Indian refiner, Indian Oil Corp, has booked some oil cargoes for loading from the Red Sea port of Yanbu, a company source said on Saturday.
India's 250 million barrel buffer and supply diversification ensure fuel stability: Report
New Delhi: India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report.
Gulf crisis, crude oil price to shape stock market sentiment this week
New Delhi: As investors continue to monitor shifts in global crude oil prices, geopolitical developments, and significant economic data releases, the Indian stock market is expected to remain cautious and uncertain throughout the week.
Hormuz bottleneck puts Petronet, Gujarat Gas at risk: Report
Nearly 69% of India’s liquefied natural gas (LNG) imports are reliant on the Strait of Hormuz, exposing the country to potential disruptions in the critical West Asia shipping corridor, according to a report by Elara Securities.
Over 30 million barrels of Russian crude headed to India amid Hormuz disruption
Around 33 million barrels of Russian crude are expected to be unloaded for India this month, signalling a pickup in purchases by Indian refiners following the recent US waiver that allowed transactions involving Russian cargoes already at sea, according to data from commodity analytics firm Kpler.
Energy imports are in full flow from all non-Hormuz routes: Hardeep Puri
Amidst the ongoing uncertainty in the global oil and energy market due to West Asia crisis, Union Petroleum Minister Hardeep Singh Puri has informed that India's energy imports are in "full flow from alll non-Hormuz routes" at present, and all requirements of citizens are also being met.
Oil soars above $100 as Iran war forces more production cuts
Crude oil prices surpass $100 a barrel as Iran war impedes production
West Asia crisis: US waiver unlocks stranded Lukoil, Rosneft oil for India
Oil and gas prices rapidly rise as Iran war shows no signs of letting up
India taps alternative crude oil supplies as West Asia conflict drags on
📝 Russia to keep crude export data to India confidential, says Kremlin
📝 Domestic LPG price hiked by Rs 60, commercial cylinder up Rs 115 from March 7
📝 ‘Indians had been very good actors’: US ‘allows’ India to resume Russian oil buys to cool prices
📝 Indian Oil books crude cargoes from Saudi Arabia’s Yanbu amid Middle East disruptions
📝 India's 250 million barrel buffer and supply diversification ensure fuel stability: Report
📝 Oil and gas prices rapidly rise as Iran war shows no signs of letting up
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Alternative Fuels
Will petrol, diesel prices rise in India amid US-Iran war? Here's what government said
According to central government sources, on Saturday, March 7, petrol and diesel prices in the country will not rise as India’s energy stock position is doing better. While speaking to ANI, the government sources said India has increased 10% of its crude oil imports from sources other than the Strait of Hormuz.
'Petrol, Diesel prices will not increase': Govt on choked Strait of Hormuz, energy supply to India
LPG price hiked to balance consumer interest, oil cos’ finances; no plan to raise petrol, diesel prices: Govt sources
The Indian Express
MRPL denies shutting down refinery units
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Power
Peak power demand to be at 270 GW this summer, no affect due to West Asia crisis: MoS Shripad Naik
The peak power demand is projected to be around 270 GW this summer, and there will be no effect on regular electricity supply due to West Asia crisis, Minister of State for Power Shripad Yesso Naik said on Saturday (March 7, 2026).
Can summer demand, Iran conflict help Tata Power restart its Mundra plant?
Mumbai: Tata Power’s shuttered 4,000-megawatt Mundra thermal power plant in Gujarat could restart soon, likely before the end of March, managing director and chief executive Praveer Sinha said, even as the company has repeatedly missed its own timelines to bring the plant back online.
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