Top Indian Metal & Energy Industry News & Updates - 18 March 2026,Wednesday
Govt. Policy / Industry
Reliance-Samsung deal boosts India’s green hydrogen push, but 2030 goal remains distant
Mumbai: Reliance Industries’ $3 billion deal to sell green ammonia to South Korea's Samsung C&T Corporation takes India closer to its aspiration of becoming a green hydrogen hub, but more such deals and policy push would be needed for the country to meet its green hydrogen targets, experts said.
📝 Govt may direct imported coal-based plants to boost summer power supply
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Iron & Steel
Steel Consumer forum appoints Smt. Jayanthi Singh as Chairman, Telangana State, focus on industry growth
New Delhi: Under the aegis of the Steel Consumer Forum, New Delhi, a program was organized in which Jayanti Singh was appointed as the President of the Steel Consumer Forum for the Telangana State unit. On this occasion, the National President of the forum, Nivedita Sharma, formally presented the appointment letter to her.
Tata Steel to merge NINL; approves up to $2 bn infusion in Singapore arm
📝 Tata Steel signs MoU with University of Science and Technology Beijing
📝 Tata Steel to merge Neelachal Ispat Nigam; approves up to $2 billion for Singapore arm
📝 Stainless steel players say rising energy cost hits operation expenses
📝 JSW Steel's unit plans fundraise via masala bonds
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Gold / Silver & Bullion
Silver ETFs gain up to 6% as West Asia tensions stretch into third week
Gold price climbs ₹10 to ₹1,58,090; silver up ₹100, trades at ₹2,75,100
📝 Malabar Gold to open 20 new showrooms by month-end at Rs 1,580 cr investment
📝 Silver jumps Rs 6K, gold rises to Rs 1,61,300 per 10 grams
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Oil & Gas / OMCs
Tamilnadu Petroproducts halts Manali PO plant amid propylene supply disruption
Tamil Nadu Petro Products Ltd has temporarily halted operations at its Propylene Oxide (PO) plant in Manali on Tuesday following a disruption in the supply of propylene, a key raw material. It specialises in Linear Alkyl Benzene (LAB), Caustic Soda and Propylene Oxide.
Oil prices rise over 2% amid Iran war supply risks as Hormuz remains shut
Oil prices rose more than 2 per cent on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and US allies rebuffing calls to send warships to help tankers move through the vital waterway.
EVs avoided the use of 2.3 million barrels of oil per day in 2025
Growing global adoption of electric vehicles helped avoid the consumption of 2.3 million barrels of oil per day last year, according to a modeled scenario from BloombergNEF.
Middle East oil becomes most expensive in the world as war cuts supply
MRPL dispatches 1000th petcoke rake to JSW Cement from Mangalore
Andhra Petrochemicals suspends Vizag plant operations as HPCL halts propylene supply
Fuel retailers seek advance payments as losses mount on price surge
📝 Mahanagar Gas forays into renewable energy
📝 India's state-owned fuel retailers seek advance payments from dealers as global price surges
📝 Oil PSUs pull the plug on dealer credit as fuel sales burn profits
📝 LPG consumption falls 17% in March amid global supply shortages caused by West Asia war
📝 Union Govt writes to States, UTs for speedily approving pending, new gas pipeline projects
📝 Domestic LPG production up 38%, informs Centre
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Power
Power sector remains structurally strong despite concerns on slowing demand and oversupply: Report
New Delhi: Concerns surrounding slowing power demand and potential oversupply in the sector are largely misplaced, with underlying structural trends continuing to support long-term growth, according to a report by Anand Rathi Institutional Equities.
📝 Power Finance Corp announces 4th interim dividend; board approves raising Rs 1.6 lakh crore
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Renewable Energy
New captive power rules to boost renewable energy adoption by industries
Over 35 GW renewable capacity may face grid curtailment in FY27: Crisil
Renewable energy generation boom stymied by grid constraints
India’s renewable energy boom is running into a major infrastructure constraint, with more than 35 gigawatts (GW) of renewable capacity likely to face power curtailment risk by FY27 as transmission expansion struggles to keep pace with rapid solar and wind additions. A Crisil Ratings assessment has flagged that the widening mismatch between generation capacity and grid evacuation infrastructure could leave 35-37 GW of renewable energy projects exposed to curtailment, particularly those without long-term grid access.
📝 Italian energy major Enel files international arbitration against Waaree Energies
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International
📝 UK plans to double steel tariffs: Report
📝 Oil up as Iran continues to strike Arab energy infra
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