Market News Today

DI pipe prices remain firm in India, supported by strong demand from infrastructure and water projects, while supply constraints persist. MS ERW pipe prices are stable with a slight upward bias, despite elevated inventory levels. Demand recovery is gradual across regions, and improved buyer activity is expected to support market sentiment in the near term.

N-Butanol prices today declined in both India and China due to weakening cost support from falling propylene prices and subdued downstream demand. Market sentiment remains cautious, with buyers adopting need-based purchasing. In the near term, prices are expected to stay weak and range-bound amid balanced supply and limited demand recovery.

Polymer prices today in India are declining due to weak demand, high inventory, and falling global offers. Southeast Asia’s oversupply is expected to increase imports into India, intensifying price pressure. While crude oil remains firm, market sentiment is bearish, with buyers adopting cautious procurement and expecting further price corrections in May.

Base oil prices today have surged globally due to crude oil rally and severe supply disruptions caused by geopolitical tensions. Limited spot availability and reduced refinery output are tightening the market. In India, prices remain elevated, with strong automotive demand but constrained supply driving cautious procurement and bullish near-term outlook.

TMT steel prices in India have softened slightly due to weak demand at the start of the month, with prices declining across key regions. While supply remains steady and inventories are limited, rising fuel costs may support prices. Overall, the market is expected to remain stable with minor fluctuations in the near term.

Tata Power will invest ₹6,500 crore to build a 10 GW solar ingot and wafer manufacturing facility in Nellore, Andhra Pradesh. This strategic move aims for vertical integration, reducing import reliance, and strengthening India's renewable energy value chain.

India signed 4 commercial coal mining agreements, first with UCG provisions, attracting INR482.31 billion investment. This enables in-situ gasification, utilizing unworkable seams, reducing import dependency for fertilizers and fuels.

The FIP claims a pre-lift-off electrical glitch, possibly from lithium-ion battery issues, caused the June 2025 Air India crash, leading to dual engine fuel cut-off without pilot input, killing 260. They urge an independent probe.

India's Bajel Projects secured two 500kV overhead transmission line contracts in Mena, valued at Rs4 billion ($43 million). This ultra-mega order strengthens their international presence and reflects global confidence in their engineering capabilities.

NHPC, a 100% green energy CPSE, partnered with Heartnet India to host a heart health talk and awareness camp on April 28, 2026. The event included ECG screenings and training, promoting employee well-being and early cardiac detection.