Page 2 - Saket Kumar

Jindal Stainless commissions Indonesia melt shop, plans ₹900 cr capex

Jindal Stainless has commissioned a 1.2 MTPA melt shop in Indonesia and plans Rs 900 crore investment to expand downstream cold rolling capacities

Hindustan Power secures LoI for platinum exploration block in MP

Hindustan Power has secured an LoI for a platinum group elements block in Madhya Pradesh, marking its entry into critical minerals exploration and diversification

States must act against profiteering in retail coal market, says minister

Coal minister urges states to check retail profiteering amid rising prices during the West Asia crisis; Centre launches seventh tranche of critical mineral auctions

Aluminium extrusion industry seeks Covid-style relief after shutdowns

Writes to three ministries flagging MSME stress; seeks lower interest rates, loan moratorium, and working capital support amid shutdowns and fuel supply disruptions

Rise in industrial diesel price hits sugar mills and mining sector

Sharp rise in industrial diesel prices raises transport and input costs, putting pressure on sugar mills' cash flows and mining operations across sectors

Fuel crisis shuts aluminium extrusion plants amid West Asia conflict

LPG supply dries up, PNG cuts and rising input costs disrupt operations, forcing plant shutdowns and slashing output as firms struggle to service loans

Centre proposes price caps, trading curbs in mineral exchange rules

Draft rules mandate strict surveillance, price disclosure and regulatory powers to cap prices and halt trading, aiming to formalise and bring transparency to mineral markets

Coal India ramps up measures to ensure coal supply to all segments

Coal India steps up supply measures with increased e-auctions and robust stock levels to ensure uninterrupted coal availability amid disruptions from West Asia crisis

India auctions record 200 mineral blocks in 2025-26: Ministry of Mines

India auctions 200 mineral blocks in FY26, highest ever, with states playing a key role as focus sharpens on critical minerals and resource security

Cube Highways files ₹5,000 cr OFS to convert into India's 1st public InvIT

Trust seeks to broaden investor base and improve liquidity through OFS as it transitions from a privately listed InvIT to a publicly listed structure

LPG shortage in Delhi-NCR leaves consumers scrambling for refills

Long queues and limited stock show a system not firing on all cylinders

Centre discusses rare-earth corridor sites in Andhra, Odisha and Kerala

Centre discusses SOP for monazite handling, private participation as corridor plans move ahead

Wood, coal prices soar as Delhi-NCR caterers turn to alternative fuels

Commercial LPG cylinders are selling at up to three times the usual price, while wood and coal costs have jumped 50-100%, forcing Delhi-NCR caterers to cancel orders or absorb losses

India stares at steep rise in oil import bill amid West Asia conflict

India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27

India's captive, commercial coal mines cross 200 MT production in FY26

Production from captive and commercial coal mines crossed 200 million tonnes in FY26, surpassing last year's output ahead of schedule and marking a key milestone for India's coal sector

Stainless steel industry to push for separate policy in meeting with govt

Industry body to seek higher import duty, safeguard measures and life-cycle cost analysis in infrastructure procurement as it pushes for a dedicated national policy for stainless steel

Aluminium industry seeks exemption from 50% RoDTEP rate cut on exports

Industry body urges DGFT to exclude aluminium products from 50% RoDTEP rate reduction, citing rising tariff barriers, shrinking export opportunities and growing global competition

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