Market News Today

Toluene prices in India increased due to short-term port tightness, while China saw marginal gains driven by steady demand and stable refinery output. Crude oil weakened globally, affecting sentiment across aromatics. Despite softer crude cues, local shortages will support Indian prices in the near term, keeping the overall outlook stable to slightly soft.

Polyethylene prices across HDPE, LDPE, and LLDPE remained weak as global offers fell further and domestic demand softened after festive restocking. Imports increased, supply pressures remained high, and downstream buyers restricted purchases. Despite crude stability, sentiment stayed bearish, with major producers offering additional discounts, indicating continued softness in December.

NBCC and NMRDA launched the 1,710-acre Naveen Nagpur Project, valued at Rs 2,966 crore. This integrated township aims for sustainable, inclusive urban development, with the first phase expected in 3-5 years.

RERC revised PM-KUSUM solar project tariffs in Rajasthan (Petition No. RERC/2279/2024) to balance Discom and developer interests. The new levelized tariff addresses reduced module costs and increased other expenses, ensuring project viability and affordable power.

MSERC invites public comments on draft 2025 Renewable Energy Tariff Regulations, updating 2014 rules (amended 2022) to align with CERC's 2024 framework. Comments are invited for 15 days under the Electricity Act, 2003.

Mumbai's Global Economic Summit focused on infrastructure as the primary engine for growth, aiming for a 150 km metro network and multimodal connectivity. Investments generate double returns, crucial for Maharashtra's 2030 trillion-dollar economy goal, focusing on sustainability and liveability.

CERC approved tariffs for 760 MW renewable energy projects, including storage, on Nov 27, 2025. It capped NTPC's trading margin at ₹0.02/unit if financial security isn't provided, safeguarding developers.

Pune launches a coordinated traffic drive for Hinjawadi, Wagholi, Shikrapur. Initiatives include pothole-free roads by December, Hinjawadi-Pirangut-Ghotawade elevated link, Metro Line 3 resurfacing, new underpasses, and a 30-metre-wide alternative road for Kharadi, Kesnand, Bakori.

Maharashtra Government released ₹530 crore interest-free support for Mumbai Metro's nine corridors, boosting expansion. Line 2B received ₹112.80 crore, Line 5 ₹52.38 crore, Line 6 ₹32.95 crore, and Line 2A ₹28.79 crore. Repayments start post-2044.

MNRE urged CERC to revisit draft rules for wind/solar, fearing penalties from April 2026 under DSM could deter investment and hinder India's 500 GW non-fossil fuel target by 2030. MNRE suggests storage and analytics.