Market News Today

Kolkata Metro secures ₹900 crore for capacity boost and safety upgrades, reinforcing ageing bridges and enhancing operational efficiency. This investment aims to improve commuter experience and address long-standing safety concerns.

The Indian structural steel market is currently witnessing a phase of "Cautious Stability." While demand remains anchored by government infrastructure projects, price consolidation is the dominant theme. Integrated players are maintaining firm rates due to coking coal costs, while secondary producers in regional hubs offer competitive arbitrage opportunities for bulk procurement.

Kothari Petrochemicals Q4 FY26 net profit declined 4.81% QoQ to ₹17.80 crores despite flat revenue of ₹152.86 crores, due to margin compression. Despite strong ROE and debt-free status, the stock is rated SELL due to deteriorating fundamentals.

UP CM Yogi Adityanath lauded Centre's approval of railway projects worth Rs 23,437 crore. These projects will expand the rail network by 900 km across 19 districts, enhancing connectivity and economic activity.

India's nine public sector energy companies invested just 10% (Rs 260 billion) of their Rs 2.6 trillion FY25 capital in clean energy, with Rs 2.3 trillion in fossil fuels. IISD analysis urges redirection for emissions reduction and energy security.

Cabinet approved 3 railway projects totaling Rs. 23,437 crore, spanning 19 districts across 6 states. Adding 901 Kms, it enhances connectivity for 4,161 villages and boosts freight by 60 MTPA, improving efficiency.

A nearly 5-kilometre tunnel on the Delhi Mumbai Expressway in Rajasthan's Mukundra hills begins trial operations this month. It will reduce congestion, shorten travel times, and stabilize freight, boosting connectivity and development in Delhi NCR.

The FIP urges an expanded probe into the AI171 crash (12 June 2025, 260 dead), suggesting a pre-lift-off electrical disturbance, not pilot error, caused dual engine fuel cut-off. The final report is awaited.

Hanwha Solutions' chemical unit returned to Q1 profit with 25% sales growth. The company anticipates continued profit expansion due to improved market conditions and stable demand across chemical segments.

Tata Chemicals reported a deeper Q4 FY26 loss due to goodwill impairment in its US business, a deferred tax asset write-off, and weak global soda ash prices amid oversupply, impacting profitability.