Top Indian Metal & Energy Industry News & Updates - 17 March 2026,Tuesday
Govt. Policy / Industry
📝 GMDC, NMDC sign pact to develop rare earth opportunities at Ambadungar deposit
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Iron & Steel
Jindal Stainless down 17% in 2026: Why the West Asia crisis is more than a 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.
Steel Ministry to host global steel leaders in April at Bharat Steel 2026
Ministry of Steel is all set to showcase India’s steel ambition at Bharat Steel 2026 on 16-17 April in New Delhi.
JSW Steel unit eyes debut $1 billion short-term debt issue, says report
India's JSW Kalinga Steel (JKSL) is set to tap the corporate debt market with its debut shorter-duration bond issue this week, as it seeks to raise as much as 95 billion rupees ($1.03 billion), two merchant bankers said on Monday.
Why was Rajputana Stainless IPO allotment, listing date delayed?
Did you bid for Rajputana Stainless and are still thinking why the allotment hasn’t been finalised yet? The allotment of shares has been deferred to March 17. The company stated that this is after SEBI stepped in after “unsolicited emails.”
📝 Steel companies seek government intervention as coated steel units stare at propane shortage
📝 Mounting gas shortages disrupt some steel plants at JSW, one unit may face shutdown
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Aluminium & Copper
Aluminium nears $3,500 a tonne as major smelter slashes output in West Asia
Aluminum advanced after one of the world’s biggest smelters of the metal closed almost a fifth of its capacity, deepening the risk of shortages as the Iran war chokes supplies from the West Asia.
📝 Hindalco expects rise in exports as war disrupts aluminium supply
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Gold / Silver & Bullion
Plunge in gold ETF inflows: Make staggered entry with 5-year-plus horizo
Net inflows into gold exchange-traded funds (ETFs) fell 78 per cent month-on-month to about ₹5,255 crore in February 2026, down from a record ₹24,039 crore in January. Experts say gold may consolidate in the near term, but could move higher over the medium to long term.
Gold price dips ₹10 to ₹1,57,410; silver down ₹100, trades at ₹2,69,900
Silver futures slide ₹4,232 to ₹2.55 lakh/kg on weak demand, strong dollar
📝 From rough to radiance: Surat’s diamond industry that powers millions
📝 Gem & Jewellery export rises 4% in Feb. despite tariff impact
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Oil & Gas / OMCs
Nepal hikes petrol prices by NPR 15 per litre amid West Asia crisis
The Nepal Oil Corporation (NOC), the state monopoly, has increased the prices of petroleum products by up to 15 rupees per litre as tensions in West Asia continue for a third week.
Fuel price freeze may force refiners to sell petrol, diesel below import rates: Report
In a significant development for India’s oil supply chain, state-owned oil marketing companies are reportedly considering paying refineries a dim price that would be even lower than the imported rates of petrol and diesel to limit mounting losses from a retail fuel price freeze.
Adani Total gas share price crashes over 12% in 2 sessions
Adani Total Gas shares remained under pressure on Monday, March 15, with the stock falling for a second straight session as investors booked profits after last week’s sharp rally. The stock dropped around 6% intraday and has now declined more than 12% in two trading sessions, reversing part of the nearly 30% surge seen over just three trading days earlier.
No fuel shortage in India, refineries running at full capacity, says govt
Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106
OMC stocks extend fall; BPCL, HPCL, IOCL down up to 4%; here's why
Fuel bills adding up? These credit card rewards may help offset costs
📝 US cruises sail into higher costs as oil prices rally; Carnival could be hardest hit
📝 India's ethanol moment has arrived — and the industry says it's ready for more
📝 India's ethanol moment has arrived — and the industry says it's ready for more
📝 Oil poised for further gains as Middle East conflict threatens export facilities
📝 India ready to handle disruptions in energy markets: Govt
📝 Adani reduces excess gas price for industrial customers by nearly 30%
📝 Surge in crude prices could raise global inflation by 60 bps, cut growth by up to 0.4 pp in 2026: Gita Gopinath
📝 White House adviser says Iran's 'terror premium' inflates global oil prices for decades
📝 LPG tanker Shivalik reaches Gujarat’s Mundra Port after crossing Strait of Hormuz
📝 Indian crude hits $137, up 93% since start of conflict
📝 Russian Oil prices surge in India as demand for Urals reaches new heights
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Coal / Mining
IPO-bound CMPDI bets on parent Coal India to power future growth
IPO-bound Central Mine Planning and Design Institute (CMPDI), the mining consultancy arm of Coal India Ltd, is betting on the state-run miner’s ambitious production expansion to drive its own growth in the coming years, even as it looks to diversify into critical minerals and overseas projects.
Coal-based power may shoulder load amid gas, hydro shortfalls
Coal-based thermal power could see an increased role in the coming months as supplies from gas and hydro fall, according to brokerages. Currently, about three-fourths of India’s electricity comes from coal, while renewables account for 22% of generation.
Coal India-backed Central Mining sees strong demand in grey market ahead of offer launch
Coal India-backed Central Mine Planning & Design Institute's (CMPDI) initial public offering (IPO) is witnessing a healthy demand in the grey market. CMPDI IPO GMP has risen by over 11% ahead of the offer launch later this week.
Iran war: SECL ready to meet India's coal demand amid energy disruptions
Central Mine planning launches ₹ 1,840 crore IPO
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Power
Tata Power losing nearly INR100 crore a month as Gujarat drags feet on deal
With a mammoth 4,000-megawatt (MW) capacity, Tata Power’s Mundra ultra mega power project (UMPP) in Gujarat was built to be one of India’s largest power plants. The project was designed to supply electricity to five states: Gujarat, Maharashtra, Rajasthan, Haryana, and Punjab.
Power demand in India to hit record highs in summer, adding to energy woes
India expects a surge in peak power demand to a record during the hot season, according to people familiar with the matter, potentially adding to energy woes the country is already facing because of the war in Iran.
Adani Power share price jumps over 4% on receipt of order from MSEDCL for 1,600 MW long-term power supply
Adani Power share price jumped over 4% in early trade on Monday after the company announced receiving an order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of thermal power. The Adani group stock surged as much as 4.53% to ₹153.35 apiece on the BSE.
Adani Power shares rise 5% after securing 1,600 MW MSEDCL supply contract
📝 REC declares Rs 3.20/share dividend. Check record date, dividend yield
📝 Govt plans to add 97,000 MW coal, lignite-based thermal capacity by 2035: Shripad Naik
📝 India sees power use surging to record, adding to energy crisis
📝 Power, infra, auto sectors look attractive after correction: Devang Mehta
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Renewable Energy
Sunsure Energy secures ₹606 cr debt financing from Aseem Infra and RBL Bank for projects across Maharashtra and Uttar Pradesh
Mumbai (Maharashtra) / New Delhi [India]: Sunsure Energy, India's preferred Round-the-Clock (RTC) renewable energy solutions provider for leading businesses and utilities, has secured ₹606.22 crore in debt financing across multiple renewable energy projects from Aseem Infrastructure Finance Limited and RBL Bank, further strengthening its capital partnerships as it expands its renewable energy portfolio across key industrial states nation-wide.
New captive power rules to boost renewable energy adoption by industries
📝 India may soften new grid-supply rules for renewable power producers
📝 HC upholds SECI's reallocation of solar capacity to Adani Co
📝 ReNew sells 11% stake in unit for $95 million
📝 RIL signs long-term $3 billion pact with South Korea’s Samsung C&T for supply of green ammonia
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Economy
Rupee closes flat at 92.42, averts record low on state-run banks’ dollar sales
The Indian rupee was pinned near its all-time low on Monday, averting losses largely on the back of likely central bank intervention, via state-run banks, as hostilities in the Gulf kept oil prices elevated. The rupee closed at 92.42 per dollar, nearly flat on Monday,and in touching distance of its all-time low of 92.4750 hit last week.
Markets rally in late trade: Nifty closes at 23,400 after choppy session; Sensex ends up 900 points
Markets at close: Indian equity benchmarks closed Monday’s volatile trade on a higher note. The Nifty 50 surged 257 points or 1.11% to close at 23,408, while the BSE Sensex jumped 939 points or 1.26% to settle at 75,503.
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