Market News Today

TNERC approved TNPDCL's 5-year procurement of 1,000 MW RTC power to meet Tamil Nadu's rising demand. Peak demand hit 20,830 MW, projected to reach 35,507 MW by FY 2034-35. This ₹6,143 crore deal ensures stable, cost-effective supply.

Rajasthan showcased its leadership at the Global Energy Leaders Summit 2025, highlighting 2,470 MW decentralized solar success under PM-KUSUM and 6,000 MWh energy storage development, positioning itself as a model for renewable energy.

Supreme Petrochem has announced an immediate price increase of ₹1,000 per metric ton for its GPPS and HIPS products, impacting the petrochemical market.

The Government of India has issued a directive to discontinue the collection of anti-dumping duty on Titanium Dioxide (TiO₂) imported from China with immediate effect. The decision follows a ruling by the Calcutta High Court dated September 22, 2025, which quashed the earlier notification imposing anti-dumping duty on TiO₂ imports from China. Accordingly, customs authorities across the country have been instructed to stop applying anti-dumping duty on Titanium Dioxide shipped from or originating in China. Stakeholders dealing in TiO₂ are advised to refer to the official circular for complete procedural details.

Reliance Industries Limited (RIL) is preparing to resume operations at its Purified Terephthalic Acid (PTA) facility in Dahej during the second half of December 2025. The plant, which has an annual production capacity of 1.3 million tons, is expected to return to service, supporting supply availability in the domestic polyester chain.

European PP spot prices rose by €5/mt due to improved buying, while most contract prices remained flat. UK contract prices fell £5/mt. Feedstock propylene spot prices declined €25/mt, with contract prices rolling over.

CSERC approved M/s Rituraj Steel's request on Dec 4, 2025, for open access exemption for its 0.5 MW AC captive solar plant without a dedicated feeder, subject to conditions accepted by the company.

India secured USD801m from ADB for four projects: USD500m for Maharashtra's solar power, USD190.6m for Indore Metro, USD109.97m for Gujarat skills, and a USD1m grant for Assam's wetland project.

Asian spot liquefied natural gas (LNG) prices hit a two-month low. High inventories and mild weather significantly softened demand, reflecting a challenging market for the energy commodity.

CASE Construction Equipment won 'Best Integrated Campaign' at WMC 2025 for 'CASE Ka Bharosa', a trust-centric initiative. It reinforces confidence among stakeholders, strengthening loyalty and recall, and aligns with broader marketing goals.