Market News Today

DI and MS pipe prices remain stable, with demand trends diverging across segments. MS ERW demand has seen a moderate recovery, led by infrastructure projects, although inventories remain elevated. DI pipes continue to witness strong demand from water supply schemes, with supply and execution challenges emerging as the key constraints rather than demand.

Mumbai clears a major hurdle for the 120-foot DP Road in Kandivali East. Over 120 project-affected families received rehabilitation homes, unlocking a critical stretch. This will ease congestion and improve connectivity, with the road expected to open by mid-2026.

Mumbai transforms Mahalaxmi Racecourse into India's largest 295-acre Central Park. It will feature a 10-lakh-sq-ft underground sports complex, 5,000-car parking, a 9-acre convention centre, and diverse gardens, focusing on sustainability.

Mahindra launched its COMPAX mini compactor at EXCON Bangalore, targeting road construction. This compact, fuel-efficient machine offers precision compaction, reduced emissions, and lower noise, supporting India's urban infrastructure and sustainability goals alongside its CEV-V range.

GVFL invested $12 million in Soleos Energy to scale 24/7 clean power solutions. Soleos combines solar with battery storage and group-captive models, expanding across India, Africa, and Europe to enhance grid reliability and sustainability.

PM-KUSUM scheme empowers over 20 lakh farmers nationwide with solar energy, boosting income and reducing diesel costs. Over ₹6,300 crore released, benefiting 20,42,443 farmers by Nov 2025, with Maharashtra leading.

India's Green Hydrogen Mission targets 5 MMTPA production by 2030, aiming for global hub status. Incentives include ₹4,440 crore for 3,000 MW electrolyser manufacturing and production capacity for 18 companies.

India's PM Surya Ghar Solar Scheme has enabled over 7.7 lakh households to achieve zero electricity bills. The ₹75,021 crore scheme targets 1 crore rooftop solar installations by FY 2026-27, with 19.46 lakh systems already installed.

BMC launched a health chatbot (9892993368) to enhance public access and service transparency. It offers verified health info, OPD appointments, certificates, and documentation, streamlining healthcare and reducing waiting times for citizens.

Mumbai's BMC approved ₹129 crore for microsurfacing projects on Western (7.5 km, ₹69 cr) and Eastern (7.9 km, ₹60 cr) Express Highways. This aims to enhance road durability, safety, and traffic flow, improving city mobility.