Market News Today

India aims to boost its steel production capacity to 300 million tons by 2030, reducing import reliance and bolstering domestic industry, according to Steel Secretary Sandeep Poundrik.

Wholesale gas prices in the Netherlands and Britain remained steady due to sufficient supply.

German gas production dropped 2.3% to 4.2 billion cubic meters in 2024, while oil output remained steady at 1.6 million metric tons.

Supreme Court raises concerns about potential job losses for commercial drivers due to AI in electric vehicles, during a PIL hearing on promoting EVs to combat pollution in India's 14 of the top 15 polluted cities.

Three men from Pallipalayam were arrested for stealing an electric motor worth Rs 5,000 from a shop in Agraharam, Namakkal district.

India speeds up hydropower projects on Chenab, Jhelum, and Indus, aiming for a 10,000 MW boost after suspending the Indus Waters Treaty with Pakistan.

Hyundai and IIT Delhi launched the Hyundai Centre of Excellence for EV tech, focusing on batteries and powertrains. The collaboration expands to 10 universities and 100 professors by 2025.

IRCON secures a Rs 59.44 crore variation order from Northeast Frontier Railway, boosting its existing contract to Rs 203.61 crore. Total order book reaches Rs 21,939 crore.

PP prices vary across India, with HALDIA PPCP Random at ₹1,06,250/MT in Delhi and MARLEX PPHP Raffia at ₹98,000/MT in Bhiwandi. Supply remains ample despite slight production cuts. Demand is slow but gradually improving. Global trade tensions and rising propane costs are driving raw material volatility and cautious market sentiment.

SECI won the Golden Peacock Award for its innovative 100 MW solar + 40 MW/120 MWh BESS project in Chhattisgarh, furthering India's clean energy transition.