Market News Today

Copper prices in India remain firm, supported by strong demand and global cues, despite rising domestic production. New capacity additions are boosting supply, but heavy reliance on imported raw materials continues to create volatility. With strong demand from infrastructure and EV sectors, the market outlook stays positive but cautiously dependent on global supply conditions.

Chennai's railway network is expanding with upgrades focusing on urban mobility, congestion reduction, and economic growth. Improvements target reliability, connectivity, passenger experience, and sustainability, integrating with broader transport strategies for resilient city development.

BJP's West Bengal win could reshape the power sector. CESC faces competition from parallel licensing via Electricity Bill 2025. Coal India's ECL operations and DVC's listing may expedite, improving law and order and Centre-state ties.

Kolkata faces intense pre-monsoon Kalbaisakhi storms, disrupting urban infrastructure, causing waterlogging and transport issues. Ageing drainage and climate change demand systemic upgrades and nature-based solutions for resilience.

India's Dhoot Transmission, backed by Bain Capital, acquired Bengaluru-based Multilink, a supplier of electronics for two- and three-wheeler OEMs. This strategic move aims to boost Dhoot's capabilities in vehicle electrification and electronic content, capitalizing on rising EV adoption.

L&T secured a large order from BCGCL for a Coal-to-Ammonia-Nitrate plant in Odisha. This LSTK project will produce 2,000 tonnes/day of ammonium nitrate, boosting India's energy security and self-reliance, aligning with the 100 MT coal gasification target by 2030.

India's EV market, projected to reach $17.88B by 2032 with 30% penetration by 2030, faces ownership barriers. Access-led models like leasing are crucial for mass adoption, especially for the middle class, as EVs are 20-30% costlier.

Centre denies bailout to state-owned OMCs despite ₹25-28/litre losses on petrol/diesel and first-time ATF losses in two decades. No financial support planned for mounting under-recoveries.

The EAC rejected AM Green Ammonia's 10,000-50,000 MT green ammonia project application for lacking mandatory ToR. Public and historical concerns about ammonia's toxicity and hazards were raised, despite a PCB official's positive view.

India implements a structured tender model for shipbuilding, mandating local manufacturing for specialized vessels. This aims for tech transfer and self-reliance, with 437 vessels aggregated and 61 targeted for bids this year.