Market News Today

BSF Gujarat launches 25 kWp off-grid solar projects at 11 border outposts for energy independence. Costing ₹3.62 crore, the 12-month project includes battery storage, ensuring reliable power supply in remote locations.

Mumbai's Borivali-Virar railway expansion will remove 166 trees (136 felled, 30 transplanted) for two new lines. The ₹2,184 crore, 26 km project, targeting December 2027, follows prior clearance of 2,612 mangroves.

Pune's Viman Nagar one-way system significantly eases traffic, reducing 1 km commutes from over an hour and emergency delays of 20-30 minutes. This community-driven initiative improves mobility, safety, and air quality.

Manali Petrochemicals (MPL) sold its subsidiary Notedome Limited to C.O.I.M. S.p.A. for ₹247 crore (£21.17 million) on November 17, 2025. This strategic move focuses MPL on core Indian businesses and high-growth segments.

Pune Municipal Corporation fixed 900 potholes and resurfaced roads in two weeks. Activists demand independent quality audits due to concerns about durability and recurring damage, despite PMC's internal monitoring.

India's 2025 long-range EV market features Tata Nexon EV (affordable, safe), MG ZS EV (premium, performance), and Hyundai Kona Electric (smooth, reliable). These top choices offer worry-free long-distance travel, catering to diverse preferences for comfort and range.

RJ Corp invests ₹1,743-crore in Andhra Pradesh for a 2GW solar cell and module manufacturing facility, creating 415 jobs. This strategic move into green energy uses TOPCon technology, boosting India's domestic solar production.

IOCL announced a Special PE Incentive Scheme for November 2025, applicable to HDPE and LLDPE grades. Slabs are ≥75%, ≥100%, and ≥125% for both, with specific incentives (X1-X3, Y1-Y3) to be finalized in December 2025.

PE and PP markets continue to face downward pressure, with international offers assessed lower due to sluggish demand in China, Southeast Asia, and India. Following the removal of mandatory BIS requirements, US and Iranian suppliers are expected to channel more HDPE and LLDPE cargoes into the Indian market, adding further supply pressure. Domestic producers have not extended their Early Bird schemes for November, but given the market’s inability to absorb higher prices, some form of compensation or support mechanism is likely to emerge to sustain buying interest.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has introduced a slab-wise Special Incentive Scheme for Polypropylene (PP) lifted between 1st and 30th November 2025. The incentives will apply on a post-sales basis across all PP grades, including Prime, Non-Prime, OG, and Experimental materials. Under the scheme, customers lifting 80% to below 100% of their Monthly Quantity (MQ) will qualify for MG1, while those lifting 100% or more of MQ will receive MG2 incentives. The exact incentive values for MG1 and MG2 will be announced by the end of November or in early December 2025.