Page 2 - Saket Kumar

Don't panic, fuel cargoes on the way, says govt as supplies tighten

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

Govt steps up rare earth exploration in Andhra, Odisha, Tamil Nadu

Surveys underway in coastal and inland regions to identify monazite deposits as the government pushes to strengthen domestic rare earth supply chains

West Asia conflict could disrupt India's trade, energy supplies: Assocham

ASSOCHAM warns that a prolonged West Asia conflict could disrupt global trade routes, push up oil prices and affect India's energy supplies, trade flows and supply chains

Govt to make carbon trading compliance mandatory for steel sector

A senior steel ministry official says mandatory compliance under the Carbon Credit Trading Scheme will begin soon, as India moves to lower emissions and set plant-specific targets

Japan, South Korea flag regulatory hurdles for their steel firms in India

Japan, South Korea have raised concerns over India's regulatory measures, including QCO norms and anti-dumping duties, even as both nations reaffirm major investment plans in the domestic steel sector

Coal production from captive, commercial mines rises 18.5% in February

Captive and commercial coal production rose sharply in February, supported by policy measures and expanded mining capacity, with the Coal Ministry projecting continued stability in supplies

Proterial to set up metglas plant in Andhra Pradesh under PLI scheme

The facility, to be located in Sri City and scheduled to begin operations in October 2026, will be India's first domestic production site for Metglas

Public procurement mandate could unlock 16 MTPA green steel demand: CII

A 26% green steel mandate for public projects could cut emissions sharply while raising total project costs by only 0.2-1.2%, a CII report says

CoalMin proposes revised timelines to speed up mine operationalisation

Draft amendments to mining agreements introduce stricter milestone schedules and performance security provisions to fast-track commercial and captive coal mine development

Rare earth permanent magnet production to begin by year-end: Minister

Four states identified for mineral processing parks as India prepares to begin rare-earth magnet production; Canada seeks joint ventures across critical minerals value chain

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

Coal India doubles solar capex to ₹961 crore, surpassing FY26 targets

Coal India has more than doubled its solar capex to ₹961 crore this fiscal, exceeding full-year goals as it advances its 3,000 MW renewable capacity plan and scales up participation in solar auctions

Attero to invest ₹7K crore over 5 years in proposed rare-earth corridor

Plans refining push in Tamil Nadu and Andhra Pradesh; lithium recycling capacity to rise to 300,000 tonnes in five years; magnet recycling capacity to increase 100-fold in two years

Centre unveils second tranche of critical mineral EL block auctions

Government offers 11 blocks of critical and deep-seated minerals across eight states under Exploration Licence regime to boost domestic mineral exploration

Hindalco Q3FY26 results: PAT falls 45% to ₹2,049 crore on Oswego hit

Exceptional losses linked to Oswego plant disruption drag profit, even as India business posts record PAT and supports revenue growth

Coal India Q3 profit falls 16% on lower volumes, softer realisations

CIL reports Rs 7,166 crore profit in Q3FY26, down 16% YoY, as offtake declines and revenue slips 5% amid softer realisations

Oman pitches downstream aluminium opportunities to Indian industry

Sultanate highlights incentives, energy cost advantages and export access as it invites Indian manufacturers to invest in downstream aluminium operations

Kerala enters execution phase of ₹42,000 cr rare-earth corridor project

Bids close for extraction project as Centre backs corridors in four states

Rethink auctions, retain safeguards: NITI Aayog on critical minerals

NITI Aayog has urged retaining public consultation and revisiting auction-led exploration by allowing conditional first-come-first-served access for early-stage critical mineral projects

India turns to US for coking coal as Australia's dominance wanes

The shift in sourcing predates the India-US trade framework and reflects a structural diversification strategy, even as coking coal is designated a critical mineral to boost domestic output