Market News Today

Goa's Malim Jetty STP's completion deadline is May 31, 2025, after delays. The High Court intervened due to health risks from stagnant water. Refurbishment retendered with a March 31, 2026, target.

Gantry collapse near Ahmedabad halts Mumbai-Ahmedabad bullet train project work, impacting 51 trains. 25 trains cancelled, 15 partially cancelled, and 6 diverted.

Chennai to launch 950 electric buses, including 625 AC/non-AC, under GCC model. Free rides for women, 35 seats + 1 wheelchair slot per bus. 60-120 min charging time.

JNPA will develop a 20+ floor corporate office at Mumbai Port Area for Rs 1000 crore. The 9 lakh sq ft building will house JNPA, VPPL, and government offices.

Pune's Swargate subway, connecting the metro station and bus terminus, is set to open in May 2025, easing traffic at Jedhe Chowk and improving commuter safety.

Sodium Methoxide prices have decreased by ₹1 per kg amid a slowdown in biodiesel production and fiscal year-end lulls. The supply remains stable, but unfavorable economics challenge manufacturers. Industry experts suggest a cautious approach due to fluctuating market conditions.

Base oil prices in India remain firm despite subdued demand, supported by tight global supply and ongoing refinery maintenance. Domestic sourcing has increased amid competitive pricing. Asia’s Group I and high-viscosity Group II grades face constraints, while Group III remains competitive. Market direction hinges on crude oil trends and refinery restarts.

India's peak electricity demand is projected to surge by 9-10% in 2025, reaching over 250 GW due to increased heat waves and rising AC usage.

Stainless steel prices remain mixed in India as 200 series demand surges amid an import shortage. 300 series prices may rise due to a strong USD, while 400 series remains firm on BIS-related issues.

Indian government promotes EV adoption with initiatives like FAME-II, PLI schemes, and PM E-DRIVE, boosting charging infrastructure and domestic manufacturing.