Market News Today

India's government has introduced a draft steel policy for public consultation, targeting a steel capacity of 604 million tons by 2047. The policy aims to reduce the carbon-emission intensity for crude steel production from 2.54 tons to 1.54 tons. It also plans to secure access to high-grade iron ore reserves through joint ventures and foreign assets. Coking coal demand is expected to reach 236 million tons, necessitating diversifying sourcing strategies.

Verbio used its recent Capital Markets Day to outline the next phase of its plan, including commissioning an ethanolysis plant for bio based specialty chemicals and a sharper focus on using existing capacity. The new ethanolysis facility signals a push into higher value specialty products. This development could shift Verbio’s revenue mix and operating priorities over time. The focus now turns to how Verbio’s upgraded plan for its ethanolysis plant could reshape the broader investment...

Gujarat State Fertilisers and Chemicals is seeking global partners for a 500 ktpa green ammonia project at Sikka, highlighting a strategic push into cleaner fertiliser production. The plan reflects broader industry interest in low-carbon industrial inputs, but its success will depend on technology, financing and long-term offtake support.

Kanoria Chemicals & Industries has commissioned a new triacetin plant at its Ankleshwar site in Gujarat, adding 12 metric tonnes per day of specialty chemicals capacity. The unit is aimed at Indian and overseas customers and forms part of the company’s wider push into value-added products, backed by its Vision 2030 expansion plans.

Volvo India will launch its flagship electric EX90 SUV on October 12, 2026. Priced around Rs 1.4 crore to Rs 1.5 crore, it features a 106kWh battery, 625km WLTP range, and seating for six.

The Srinagar-Jammu National Highway remains open for regulated two-way traffic, though commuters face delays due to repairs, single lanes, vehicle breakdowns, and nomadic livestock movements.

The Government of Maharashtra has invited bids for a civil works tender worth Rs 0.14 crore to improve passage and drainage systems in Mumbai's E Ward, with the bidding closing on October 16, 2026.

The Government of Maharashtra issued a tender for civil works to beautify the Shefered Road junction in Mumbai's E Ward. Valued at ₹0.0399 crore, the project has a 30-day completion period.

The Government of Maharashtra issued Etender No.02 for civil works in Gram Panchayat Pingalwade, including rainwater harvesting and Anganwadi building repairs, with a tender fee of INR 400 and a 180-day execution period.

Navi Mumbai Municipal Transport has issued a tender valued at 0.1693 crore INR for annual civil repairs at the Ghansoli, Airoli, and Koparkhairane bus depots. Bids close on October 30, 2026.