Market News Today

MMRDA seeks a Rs 5.50 billion property tax waiver from BMC for temporary casting yards and RMC plants used in Metro construction by contractors.

Chennai's first cable-stayed bridge, part of the Chennai Port-Maduravoyal elevated corridor, will begin construction soon. Three 300-meter-long cable-stayed bridges will be built along the 20-km corridor by February 2027.

Indian Railways plans to build a six-acre Vande Bharat train depot in Mumbai between Jogeshwari and Ram Mandir stations, accommodating up to 50 high-speed trains initially designed for 5-10.

Zinc prices slipped marginally by 0.06% to ₹259.85 amid weak demand and a slight inventory build-up. Chinese buyers remain cautious, only purchasing for immediate needs due to sluggish manufacturing output. Factory growth in China hit a six-month low, keeping market sentiment subdued. However, retail sales data offered a glimmer of hope for downstream demand.

Mumbai's infrastructure boom, including new metro lines, airports, and sea links, is transforming its real estate. Projects like the Coastal Road and Metro Line 3 are set to significantly reduce commute times, boosting property values and creating investment opportunities.

OHE mast installation starts in Navsari for Mumbai-Ahmedabad bullet train. Over 1,000 masts erected, covering 25 km, part of 20,000+ planned across the 508-km corridor.

Pune Municipal Corporation (PMC) is preparing a Detailed Project Report (DPR) for three crucial roads in Wagholi to ease traffic congestion. The DPR is expected within six months.

Western Railway demands ₹395 crore from BMC for water pipeline RoW fees on railway land, sparking debate over public service costs and inter-governmental cooperation.

Gujarat Electricity Regulatory Commission (GERC) grants 343-day extension to a 70 MW wind-solar hybrid project in Amreli due to delays in evacuation infrastructure, impacted by RoW issues and regulatory hurdles.

Caustic Soda Flakes and Lye prices dropped ₹2/kg due to subdued demand from key sectors like pharmaceuticals and aluminium. New supply from Sreyas Industries is adding pressure to an already oversupplied market. While demand from textiles and paper remains stable, the overall market sentiment is bearish with price pressure likely to persist.