Top Indian Metal & Energy Industry News & Updates - 21 March 2026,Saturday
Govt. Policy / Industry
Tesla plans India push into energy storage
New Delhi: Tesla is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.
Vedanta chief flags gaps, seeks faster reforms to unlock mining potential
📝 Concessional diesel: No relief for Vedanta
📝 Govt sets up rare earth magnet pilot plant at ARCI, Hyderabad
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Iron & Steel
US announces $10 billion support for Essar Group's Minnesota steel project
Tata Steel commissions ₹3,200 crore Ludhiana EAF in green steel push
Tata Steel inaugurates scrap-based e-furnace for sustainable steelmaking
India’s carbon trading plan for steel industry slows as emissions data gaps force reset
New Delhi / Mumbai: India’s plan to bring its steel industry under a domestic carbon trading market has slowed after inconsistencies surfaced in emissions data collected from steel plants, forcing the government to reverify the baseline needed to set reduction targets and allocate credits, according to two steel ministry officials familiar with the matter.
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Gold / Silver & Bullion
Jewellery retailers expand into men’s, kids’ categories
Bengaluru: Organised jewellery retailers are expanding into men’s and kids’ lines, a niche long dominated by digital-first brands, to unlock new growth beyond their women’s segment.
Sell Gold with tight stop-loss as bears eye $4,400 support: Analyst
As gold prices fall, Gudi Padwa and Ugadi boost jewellery sales in India
📝 Silver rebounds Rs 1,800/kg, gold eases Rs 650/10g in Delhi
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Oil & Gas / OMCs
Indian Oil seeks crude from West Africa amid supply shock
State refiner Indian Oil Corp (IOC) is seeking crude mainly from West Africa for loading in the second half of April, trade sources said on Friday, as the Iran war significantly disrupted exports from the Middle East.
Premium petrol prices hiked by ₹2; normal petrol, diesel price unchanged
Oil marketing companies Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOCL) on Friday hiked the price of premium petrol by ₹2, effective immediately.
India doubles down on supply rationalisation, migration to PNG to manage LPG shortfall
As the intensifying West Asian conflict clouds India’s supply of liquefied petroleum gas (LPG), the government has unleashed a slew of measures including re-prioritisation of resources, priority migration to piped natural gas (PNG) and crackdown on black marketing and hoarding.
How distorted West Asia crude pricing hurts India as war lifts import costs
Crude oil futures slide 2% to ₹8,808 per barrel amid Iran supply hopes
Higher-grade fuel gets costlier amid spike in oil prices; OMCs hike rates
📝 Understanding the different types of petrol for your vehicle needs
📝 India sees Qatar LNG supply cut after Iran strike
📝 India's crude imports took a big hit due to the West Asia Crisis: Systematix Research
📝 Russian oil set to regain pole position in India
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Coal / Mining
Coal India’s CMPDI IPO opens to muted response, issue subscribed 7% so far
📝 Vedanta’s Anil Agarwal flags land, clearances, high premiums as key hurdles to mine operationalisation
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Power
Tata Power share price jumps 5% after signing PPA with Gujarat govt
Tata Power share price surged by 5% on Friday, March 20, following reports that the Gujarat government has sanctioned a modified Power Purchase Agreement (PPA) with Tata Power, enabling the company to restart long-term supply from its 4-gigawatt Mundra facility.
BHEL rallies 5%, Tata Power hits 52-week high; what's driving power stocks?
Gujarat clears new Tata Power deal to resume long-term supply from Mundra
Tata Power nears Mundra restart after Gujarat PPA nod
Tata Power is moving closer to restarting its imported coal-based Mundra plant in Gujarat after the state approved a supplemental power purchase agreement (SPPA), providing a pathway to revive operations that have been halted for about six months.
📝 India's installed energy storage capacity to hit 346 GWh by 2033: Industry paper
📝 PGCIL board nod to new merger plan for 28 subsidiaries
📝 Adani Electricity Mumbai, Tata Power Delhi, Noida Power top PFC’s FY25 discom rankings
📝 Power Minister stresses energy security amid global tensions
📝 Patel Engineering bags Rs 230 crore hydroelectric power project in Bhutan
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Renewable Energy
Sunsure Energy Signs Solar PPA with JAKSON engineering to power corporate and manufacturing operations
- The long-term solar PPA will offset Rs 80% of conventional grid power at JAKSON's corporate office and up to 40% at its manufacturing facility.
India to attract ₹7.9 trillion for transmission to support clean energy
📝 Renewable Energy Ministry demands sweeping powers
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Nuclear Energy
NTPC looking at imported PWR tech for its nuclear fleet, in talks with players in France, Russia & US
NTPC is looking at imported Pressurised Water Reactors (PWR) technology for its planned nuclear fleet and is in talks with various players in France, Russia and the United States, said K Shanmugha Sundaram, Chairman of NTPC Parmanu Urja Nigam Limited (NPUNL), a subsidiary of NTPC.
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International
Thyssenkrupp-Jindal steel sale talks 'not moving forward': Deputy chairman
📝 Aluminium recovers as market weighs disruptions
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Economy
Rupee vaults well past 93 per USD mark, sinks 108 paise
The Rupee recorded one of its biggest single day falls in recent times, sinking 108 paise against the US Dollar and weakening well past the 93 mark, as hardening crude oil prices due to the ongoing West Asia War, FPI-related outflows from the equity markets and a strong Dollar weighed on it.
India's forex reserves fall $7 billion to $709.76 billion, shows RBI data
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