Market News Today

India’s pipe market remains firm, with MS ERW prices supported by elevated HRC costs and improving post-monsoon infrastructure activity. DI pipes continue to face tighter supply conditions, while government water projects and large energy/infrastructure orders are sustaining demand. Near-term prices are expected to remain firm, although competitive supply in MS ERW and imports could limit sharp gains. (nexizo.ai)

The Manipur government has issued a tender for medical equipment under the NESIDS and PM-DevINE projects. Bids close on October 21, 2026, with an EMD of ₹20,00,000 and a tender fee of ₹10,000.

The 18th BRICS Summit addressed energy security and clean tech. Amid fossil fuel shocks costing importers billions, members added 497 GW of renewables in 2025, but face grid bottlenecks.

Imported natural gas price spikes to USD 30 per MMBtu due to the West Asia crisis, halting commercial and industrial piped natural gas expansion in Assam as domestic gas remains around USD 7 per MMBtu.

In August 2026, electric three-wheelers hit 65.3% of sales in India, leading the EV transition due to high daily usage and fuel cost savings, while alternative-fuel passenger cars surpassed petrol vehicles.

Haldia Petrochemicals is investing ₹6,000 crore in a new AdPerma facility to produce 345,000 tonnes of phenol and 215,000 tonnes of acetone annually, significantly reducing India's import dependence by late 2026.

Yulu shifted from a struggling consumer commuter model to a profitable B2B infrastructure provider for quick-commerce, scaling its EV fleet to 45,000 units and raising a $93 million Series C round.

TGSPDCL has invited bids for a Rs 4,051-crore underground cabling project across 11 divisions in Greater Hyderabad to replace overhead power lines, improve power supply reliability, and reduce maintenance issues.

Ola Electric approved a ₹1,000 crore rights issue to strengthen its balance sheet and expand operations amidst intensifying market competition and declining quarterly revenues of ₹455 crore.

India's renewable transition concentrates solar growth in six affluent states, leaving coal-rich regions like Jharkhand and Chhattisgarh behind due to fiscal reliance, high tariffs, and infrastructure gaps.