Top Indian Metal & Energy Industry News & Updates - 19 March 2026,Thursday
Govt. Policy / Industry
India adds 120,000 new piped gas connections in last two weeks, government says
India has added 120,000 new piped gas connections in the last two weeks, a government spokesperson said on Wednesday, as liquefied natural gas supplies have been disrupted due to the U.S.-Israeli war on Iran.
📝 India takes rare cargo of Australia's BHP iron ore banned by China
📝 India orders oil and gas firms to share data with central agency
📝 Rajasthan: ‘Vedanta to invest Rs 1 lakh crore’
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Iron & Steel
Rajputana Stainless IPO listing date today. GMP, experts signal muted debut of shares on Dalal Street
The equity shares of Rajputana Stainless Ltd will make their debut in the Indian stock market today after the conclusion of its initial public offering (IPO). Rajputana Stainless IPO listing date is today, 19 March 2026, Thursday.
Tata Steel continues to sharpen India core, backs Europe turnaround with $2 billion infusion
In a series of housekeeping steps, Tata Steel Ltd is streamlining its group structure by merging its numerous domestic subsidiaries into a single entity. At the same time, it is infusing capital in its European units from India to consolidate debt on the books of the operationally robust domestic business.
JSW Steel buys rare cargo of BHP iron ore banned by China
A cargo of BHP’s Jimblebar Fines iron ore is heading to India in a rare sale driven by discounts on the product that was banned for sale in China, the world’s largest buyer, as part of a contract dispute with the miner.
AM/NS to start work on mega Andhra plant next week
AM/NS India’s ₹70,000 cr steel plant in AP will also boost national growth: CEO Dilip Oommen
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Aluminium & Copper
Alternative West Asia shipping routes provide relief for aluminium prices
Aluminium prices fell on Wednesday as Emirates Global Aluminium (EGA) secured alternative export routes to the Strait of Hormuz amid the US-Israeli â war on Iran, easing some of the immediate worries about the Middle East supply.
Hindustan Copper: Anand Rathi bets on 31% upside despite Middle East margin risks
The Hindustan Copper share price slipped almost 3% intra-day today and has declined 15% in the last one month. The ongoing crisis across the Middle East and the escalation of the violence have not just led to supply disruption but also impacted industrial operations.
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Gold / Silver & Bullion
Indian gold jewellery sales may jump 40% during festive season of Gudi Padwa, Ugadi
Jewellers in India are expecting a 40 per cent rise in gold jewellery demand during the Marathi New Year, Gudi Padwa, and Telugu and Kannada New Year, Ugadi, which fall on Thursday. The industry anticipates the recent fall in gold prices to boost demand for light-weight jewellery in particular.
Gold prices will continue to rise, says Indriya CEO Sandeep Kohli
Centre curbs import of jewellery studded with low-cost diamonds
Gold was prime driver in narrowing Feb trade deficit; oil risks keep outlook cautious: Union Bank Report
Gold price dips ₹10 to ₹1,57,740; silver down ₹100, trades at ₹2,64,900
📝 Right policies can help bring idle household gold into the market
📝 Gold offers a layer of resilience during rupee depreciation: WGC
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Oil & Gas / OMCs
OMCs start to bleed, stare at steep losses
New Delhi: The average price at which domestic refiners import oil India's crude oil basket -- surged to $146.09 per barrel on March 17, up 111.7% from an average of $69.01 in February. While the development has raised the prospect of a sharp spike in input costs across industries and marcoeconomic stress, among first to bear the brunt are state-run oil marketing compa-nies (OMCs), whose marketing margins have come under immense pressure. The oil price surge has been steep, with the India's basket ris-ing from $70.90 on February 26 to $127.20 on March 12, $136.56 on March 13 and $142.69 on March 16, reflect-ing tightening global supplies amid disruptions in West Asia.
GAIL India issues swap tender for two LNG cargoes
GAIL (India) has issued a swap tender, offering two U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for two cargo deliveries to India, said two industry sources on Wednesday.
Crude oil futures fall ₹137 to ₹8,734 per barrel on signs of easing supply concerns
Crude oil prices declined by ₹137 to ₹8,734 per barrel in futures trade on Wednesday as signs of easing supply concerns emerged in the market amid geopolitical tensions.
Blame game over CAFE-2 dues stalls rollout of new fuel norms
A high-level meeting in the Prime Minister’s Office (PMO) on Monday laid bare the bureaucratic drift that has stalled enforcement of Corporate Average Fuel Efficiency (CAFE-2) norms, with officials from multiple ministries trading blame over more than ₹8,000 crore in penalties yet to be recovered from non-compliant carmakers.
Refined fuel shortage worse than crude as infra damage hits refineries: Report
Source Credit: ANI, The Tribune
New Delhi: The ongoing disruption in global energy markets due to tensions in West Asia could lead to a more severe crisis in refined petroleum products than crude oil, according to a report by PL Capital.
Petrol dealers may face cash crunch as OMCs seek advance payments
📝 India will export fuels after meeting local demand
📝 PNG demand surges in NCR as LPG worries mount; IGL ramps up connections, app sign-ups spike
📝 As India ramps up Russian oil imports, China-bound tankers change course mid-voyage
📝 Oil slips 3% after rally; Hormuz tensions keep markets on edge
📝 Government pledges to allocate additional 10% commercial LPG to States, UTs
📝 2 lakh MT LPG, 16.7 lakh MT crude stuck in India-flagged vessels in Strait of Hormuz: Officials
📝 Equity analysts cut forecast earnings for OMCs
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Alternative Fuels
📝 No shortage of LPG, petrol and diesel in Maharashtra: Minister Bhujbal
📝 Brent crude oil price jumps 5% after Iran's energy facilities come under attack
📝 Indian vessel Jag Laadki arrives at India's Mundra port with 81,000 MT crude oil
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Coal / Mining
The minerals that will power tomorrow must be mined differently today
The mining industry stands at a defining moment. The global shift to clean energy, electrified mobility and climate resilient infrastructure is changing not only which minerals matter but how those minerals must be produced. Every solar panel, wind turbine, electric vehicle, semiconductor and transmission line depends on mining. Yet the success of the world’s transition will be determined by the responsibility with which we extract the minerals that enable it. Sustainability can no longer sit on the periphery of mining. It must become the integral operating system that guides the sector’s future.
Coal India arm CMPDIL mobilises ₹470 crore; IPO opens March 20
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription.
📝 UCIL plans uranium mining plants in Rajasthan, Chhattisgarh; projects await clearances
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Power
Cabinet clears ₹2,585 crore scheme for small hydro power projects
Supreme Power Equipment bags orders worth ₹114 cr from KSEB, TNPDCL
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Renewable Energy
Solar manufacturers got no funds under ₹24,000-cr PLI scheme till Feb end, Parl told
Solar equipment manufacturers have not received any funds under the ₹24,000-crore production linked incentive (PLI) scheme for them till February-end, Parliament was informed on Wednesday.
ReNew Energy set to secure $800 million refinancing loan this year
Renew Energy Global Plc is set to secure an about $800 million foreign-currency loan, according to people familiar with the matter, in what would be India’s largest offshore financing so far this year.
HEC Infra Projects Limited secures Rs 36.50 Cr EPC order for 10.4 MW Solar Power Plant
Govt mandates domestic sourcing of solar wafers for manufacturers
Solar power is all the rage, but something is troubling banks
Mumbai: India's solar module manufacturers are facing a credit squeeze as banks are turning increasingly cautious on fresh lending to the sector amid overcapacity risks, and also reducing in some cases the loan-to-cost ratio for funding new projects.
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International
Global energy crisis pushes nations to expand nuclear and renewable power
The energy shock from the Iran war has policymakers around the globe rethinking ways to reduce long-term dependence on oil and gas imports, with proposals to expand nuclear energy and renewables, grow strategic stockpiles and domestic production, and diversify foreign sources of supply.
Companies pledge 0.1% of revenues for global renewables buildout
📝 Aluminium prices hit one-week low
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