Top Indian Metal & Energy Industry News & Updates - 16 March 2026,Monday
Govt. Policy / Industry
Vedanta to raise ₹2,575 cr via NCDs; ICICI, Kotak among key investors
Vedanta Ltd is set to raise Rs 2,575 crore through a non-convertible debenture (NCD) issue after strong demand from institutional investors, including ICICI Prudential Mutual Fund, Kotak Mutual Fund and Aditya Birla Sun Life Mutual Fund, sources familiar with the development said.
Buzz in energy storage sector
India’s energy storage sector is experiencing unprecedented momentum, with the cumulative stationary energy storage market soaring from 122 GWh to 224 GWh in just one year, according to India Energy Storage Alliance (IESA). The project pipeline has “rapidly expanded”, with 60 GWh under execution, 80 GWh in various tendering stages, and 35 GWh already awarded, says a statement from IESA. The total pipeline of BESS projects now stands at 92 GWh, while pumped storage projects (PSP) have surged from 50 GWh to 132 GWh since last year. With India set to commission nearly 5 GWh of new capacity this year, an almost tenfold jump in installed capacity, the sector is poised for a breakthrough year.
📝 Government amends rules for captive power plants
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Iron & Steel
Jindal Stainless down 17% in 2026: Why the West Asia crisis is more than supply chain glitch
The share price of Jindal Stainless is to remain in focus today, March 16 after the company flagged operational challenges arising from the ongoing tension in West Asia.
NMDC iron ore output hits record 50 mt in 2025-26
NMDC Ltd, a Central public sector enterprise, clocked a record output of 50 million tonnes of iron ore in a single financial year in 2025-26. It expects to add an additional 2-3 million tonnes, factoring in the production in the remainder of the year.
JSW Steel to develop coking coal mine in Mozambique
JSW Steel has announced the development of a coking coal mining project in Mozambique, marking a key step in its efforts to secure long-term raw material supplies for its steelmaking operations. The project, called Minas de Revuboè (MdR), is located in the Moatize coal basin in Tete Province and is expected to strengthen the company’s access to premium hard coking coal, the steelmaker said in a statement.
📝 Rs 17k cr green steel plant, coal gasification projects to come up in Chandrapur
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Aluminium & Copper
Amid soaring aluminium imports, India brings in new QCO
India’s import of aluminium and related products has seen a notable rise over the past year, reflecting strong domestic demand for the metal across sectors such as construction, packaging and engineering.
Hindalco halts production of extruded aluminium products due to Iran war
Aluminium Association of India seek RoDTEP relief to stay competitive
📝 Middle East tensions, shipping disruptions fuel Aluminium price rally
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Gold / Silver & Bullion
West Asia war could hit India's gems, jewellery exports by $1.2 bn: GJEPC
India's gems, jewellery exports up 3.86% at $2,680.79 mn in Feb: GJEPC
Gold, silver may see correction next week amid West Asia tensions: Analysts
📝 India's gems, jewellery exports up 3.86% at $2.68 billion in Feb: GJEPC
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Oil & Gas / OMCs
‘We have good stock in hand’: Piyush Goyal on crude, fuel amid West Asia crisis
Union Minister Piyush Goyal on Saturday said India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has ramped up kerosene production to provide an alternate option for the common man.
Kerala seeks easing of curbs on commercial LPG supply amid shortage
The war room was set up following meetings of top government officials with the representatives of the oil companies under the chairmanship of Anil on March 9 and Chief Minister Pinarayi Vijayan on March 12, the statement said.
"Sufficient supply of crude, no dry-out at retail outlets," assures Petroleum Ministry amid West Asia conflict
New Delhi: Amid concerns over fuel supply due to developments in West Asia, the Union Petroleum Ministry on Saturday said India has sufficient crude oil supplies and that refineries across the country are operating at full capacity, with no reports of fuel shortages at retail outlets.
Goldman Sachs says Brent Crude likely to ease to $70/bbl later this year
Goldman Sachs sees Brent crude gradually easing back to the low $70s later in the year; however, if the disruption to oil flows proves longer-lasting, oil prices could reach higher peaks and end the year at higher levels, a Reuters report said.
GAIL lines up fresh LNG and Rs 10,000-crore pipeline push
GAIL (India) is stepping up long-term LNG sourcing and preparing to invest around ₹10,000 crore annually in pipeline infrastructure, positioning itself for a sharp rise in India’s natural gas demand over the next five years.
Adani Total Gas cuts natural gas price for certain industrial users
Adani Total Gas Ltd has cut the price of excess natural gas supplied to certain industrial customers to Rs 82.95 per standard cubic metre (SCM) from Rs 119.90 per SCM, effective 0600 hours on March 16, as upstream gas prices softened amid ongoing supply disruptions.
West Asia crisis: Indian crude tanker sails out of UAE's Fujairah safely
West Asia crisis: LPG crunch hitting auto factory canteens in India
No shortage at LPG distributorships, fuel stations in India: Government reiterates
Oil prices poised to gain as West Asia conflict threatens exports
Oil companies weigh refinery price freeze, move may hit MRPL, CPCL
📝 Oil ministry issues advisory, warns petrol pumps against selling loose fuel
📝 Bangladesh to import 45,000 tonnes of diesel from India
📝 Diesel transport faces risk if urea supply disrupted: Auto industry
📝 As global oil prices surge, ethanol blending is the new lifeline for India’s auto sector
📝 Crude oil futures rise ₹94 to ₹8,898 per barrel; Brent breaches $100
📝 Liberia-flagged oil tanker with Saudi Arabian crude reaches India after crossing Strait of Hormuz
📝 ‘Essential partner’: US gives India one-month waiver to buy Russia oil
📝 Gujarat hikes LPG supply by 20 per cent; prioritises PNG connections
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Coal / Mining
Odisha to utilise 3,047 acres UMPP land for Adani coal-to-chemicals complex
According to officials, the proposed chemical plant will use advanced coal gasification technology to convert coal into synthetic gas and manufacture chemicals such as methanol, ammonia, urea and other industrial feedstocks. With a proposed production capacity of over 529,500 MT, the project is expected to become one of India’s largest coal-to-chemicals facilities. The investment-intensive project is also projected to generate around 36,000 direct and indirect employment opportunities in the region.
Vedanta to raise ₹2,575 cr via NCDs; issue oversubscribed; ICICI, Kotak among key investors
Coal India aims to ensure power at fair price amid West Asia crisis
📝 NMDC clocks record 50 million tonne iron ore output
📝 Vedanta to raise ₹2,575 cr via NCDs; issue oversubscribed; ICICI, Kotak among key investors
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Power
Adani Power wins 1,600 MW supply contract from MSEDCL
📝 Centre identifying sites in J&K for new hydropower projects, says Khattar
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