Market News Today

Telangana approved a new 800 MW thermal plant despite declining PLF (56.03% in 2025) and 10M tons of ash. Concurrently, it greenlit 3,000 MW solar, 2,000 MW pumped storage, and 750 MW BESS, creating a complex energy strategy.

Chennai's 660-MW Ennore power plant expansion, delayed over a decade, will proceed via PPP after TNERC approval. Previous contracts failed. This aims to meet projected demand exceeding 22,000 MW by 2026-27.

Hanwha of South Korea has extended its PVC (P1000) offer to the Indian market at US$ 660 per MT, on a CIF basis to Nhava Sheva, Chennai, and Mundra ports. The offer is available on LC at sight terms for December 2025 shipment.

Stainless steel prices across 200, 300, and 400 series remain mixed, with market sentiment varying by grade. While 300 series demand has softened, 200 and 400 series are performing stronger due to limited imports and improving consumption. Scrap purchase rates remain firm, and shifts in China–India trade flow continue to influence domestic pricing and supply trends.

TMT/rebar prices remain stable across major regions as demand stays soft and distributors manage inventories cautiously. Mills are aligning production with market sentiment, preventing oversupply. Policy reviews, new mill developments, shifting import–export trends, and regulatory updates are shaping the near-term outlook. A stronger recovery is expected as construction and infrastructure activity picks up.

MP Dr. Jaswantsinh Parmar privately funded a survey for the accident-prone Indore-Ahmedabad National Highway No. 47. Findings were submitted to NHAI and Union Minister Nitin Gadkari, urging permanent RCC reconstruction for the frequently damaged road.

MSRDC sanctioned ₹321 crore for Mumbai–Bengaluru Highway service roads in Wakad–Tathawade. The project will construct, repair, and streamline roads, drainage, and footpaths, enhancing safety and easing traffic congestion.

The Union Cabinet approved four major projects worth Rs 19,919 crore, boosting infra and strategic sectors. Key initiatives include Pune Metro Phase 2 (Rs 9,858 crore), REPM incentives (Rs 7,280 crore), and railway multitracking in Maharashtra and Gujarat (Rs 2,781 crore).

Pune's Mumbai–Bengaluru Highway service roads (9.7 km) near Wakad–Mamurdi, developed with ₹321 crore, will soon open, offering major relief to Hinjawadi IT commuters by easing congestion and reducing travel time.

SECI proposes auctioning 45.34 GW of uncontracted renewable capacity, with 31.80 GW having transmission connectivity. Union Minister Prahlad Joshi initiated a 'case-by-case' inquiry, expected by January 2026, to address this pending energy potential.