Top Indian Metal & Energy Industry News & Updates - 26 March 2026,Thursday
Govt. Policy / Industry
📝 India plans 5,000 tonne rare earth magnet capacity by 2030, ramps up lithium, critical mineral push: Jitendra Singh
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Iron & Steel
West Asia crisis: Jindal Steel doubles Angul complex capacity to 12 MTPA
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Gold / Silver & Bullion
Muthoot Exim opens 100th gold point centre in Mumbai, eyes expansion
Muthoot Exim (P) Ltd., the precious metals division of Muthoot Pappachan Group has announced the opening of its 100th gold point centre in Mumbai.
Gold price correction: Lenders seek more collateral if LTV is breached
📝 Gold, silver prices today: Prices rebound on March 25 but pressure remains
📝 Gold and silver ETFs rally up to 11% on easing oil prices, soft dollar. Should you invest now?
📝 BlueStone rises 15% in a month as investors bet on scale-driven model amid improving store maturity
📝 Silver futures surge INR 12,861 to INR 2.36 lakh/kg as weak dollar lifts demand
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Oil & Gas / OMCs
Gujarat govt assures adequate fuel supply in state, warns against hoarding
Next phase of demand-led growth of ethanol to focus on higher blending target, flex-fuel vehicles and E-100
Govt says no shortage of petrol, diesel, urges public to avoid panic buying
Crude falls below $100/bbl; OMCs rise up to 3%, upstream stocks mixed
📝 India buys first Iran LPG cargo in years after U.S. eases sanctions, sources say
📝 Amid war urgency, India to soon float $1 billion global tender for Chandikhol crude reserve
📝 India buys first Iran LPG cargo in years after U.S. eases sanctions, sources say
📝 Crude oil drops over 4% to INR 8,340/barrel in futures trade
📝 Paradip Port along Odisha coast to receive 7 million barrels of crude
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Coal / Mining
India delays coal flexibility plan as solar power curbs rise: Report
India has pushed back by a year its plan for coal-fired power plants to lower output when solar generation is high, as regulators work out how to compensate for the higher costs of retrofitting entailed, documents reviewed by Reuters show.
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Power
Tata Power to rally 18%? Why Motilal Oswal is bullish after ‘Significant’ Gujarat power deal
The domestic brokerage house, Motilal Oswal, reiterated its ‘Buy’ rating on Tata Power Company after the Gujarat government finalised a Supplemental Power Purchase Agreement (SPPA) with the firm, making it a “significant positive development.” This addresses the viability challenges of the Mundra plant.
📝 Power Ministry directs imported coal based plants to run at full capacity from April 1
📝 REC Ltd approves Rs 1.6 lakh crore market borrowings for FY27
📝 Jakson Group signs former cricketer Sourav Ganguly as brand ambassador
📝 JSERC raises power tariff in Jharkhand from April 1
📝 Tata Power completes UP transmission proj
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Renewable Energy
Waaree Energies shares gain over 3.5% as board approves ₹3,900 crore capex for glass manufacturing unit
Shares of solar panel maker Waaree Energies gained 3.6% in intraday trade on Wednesday, March 25, hitting a day’s high of ₹3,197 apiece after the company said its board has approved a capital expenditure of ₹3,900 crore to set up a glass manufacturing plant through its wholly owned subsidiary, Waaree Green Glass Private Limited, with a capacity of 2,500 TPD.
Clean Max plans ₹7,000-crore capex to ramp up energy sales capacity by 1500 MW by FY27
Kolkata: Green energy supplier Clean Max Enviro Energy Solutions is planning a capital expenditure of around ₹7,000 crore to ramp up its energy sales capacity by 1500 MW for solar and wind power by the next financial year.
Ceigall India signs PPA with Maharashtra discom MSEDCL for solar projects
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Nuclear Energy
📝 Rosatom presented isotope products at International Conference on Radiation Technologies in India
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International
Copper stable on demand, Iran ceasefire talks
London: Copper prices rose after reports the US was seeking a ceasefire in the Iran war and due to firmer Chinese demand, but the market was wary after Tehran denied there were any negotiations. Benchmark three-month copper on the LME climbed 1.1 per cent to $12,234 a tonne.
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Economy
Sensex, Nifty up 4% from Monday's low after reports of diplomatic talks between US, Iran
India’s equity market logged a healthy gain for the second straight session on Wednesday, driven by a decline in crude oil prices and positive cues from Asian markets, as optimism around a potential de-escalation in the West Asia conflict lifted overall sentiment and risk appetite. At close, the Sensex surged 1,205 points or 1.63% to 75,273.45, while the Nifty advanced 394.05 points or 1.72% to settle at 23,306.45.
S&P Global raises India’s FY27 growth forecast to 7.1%, signals strong medium-term economic momentum
Global credit rating agency S&P Global raised India's GDP growth forecast for the financial year 2026-27 by 40 basis points to 7.1% on Wednesday, signalling confidence in the country's economic momentum despite global uncertainties.
Rupee hits new low; RBI seen defending 94/$ via dollar sales
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