Market News Today

Shree Saibaba Sansthan Trust invites bids for a 1.7 MW rooftop solar project in Shirdi, costing Rs. 6.80 crore. Bidders need ₹10 lakh EMD. Project completion is 120 days, with bids due by December 22, 2025, including 5-year O&M.

Becsa launched its SL Series solar modules (500-550W, 22.5-23.5% efficiency) for residential towers and houses. Designed by a women-led team, it addresses space, handling, and leakage issues, featuring ergonomic design and quick shutdown.

Odisha amended its 2016 Net Metering Rules, effective November 27, 2025, approving Hybrid Inverters and M2M monitoring. This update aims to boost rooftop solar growth and align with MNRE guidelines, offering more flexibility for prosumers.

Bitumen prices showed mixed trends across Asia, with India and Iran posting firm values due to tight availability, while China and Southeast Asia remained soft on weak demand. Regional weather conditions and subdued construction activity weighed on consumption. Despite localized strength, the broader market is expected to stay stable to slightly bearish over the near term.

MNRE proposes new solar PV module efficiency standards under ALMM, effective 2027-2028. C-Si utility modules to reach 21.5% and CdTe 20.5% by 2028. This boosts quality, removing lower-efficiency modules.

Indian Oil Total Private Limited (ITPL) inaugurated a new Greenfield Bitumen Derivatives Plant near Chennai. It will manufacture various modified bitumen and emulsions, strengthening supply across southern India for major infrastructure projects.

Coal India subsidiaries SECL and ECL announced fresh auctions for early December. SECL will auction 167,000 t on Dec 5, while ECL will auction 939,600 t on Dec 6, increasing near-term supply visibility.

China's NDRC will coordinate green hydrogen, ammonia, and methanol supply/demand to boost large-scale development and cut costs. With over 150,000 tonnes green-hydrogen capacity, it aims to advance infrastructure and innovation.

Guangxi Huayi Energy Chemical has successfully resumed operations at its No. 2 Acetic Acid plant following scheduled maintenance activities. The facility, located in Qinzhou, Guangxi, China, has an annual production capacity of 700,000 tons. The restart is expected to enhance supply availability in the regional market.

Indian polymer market saw price rollovers for PP, PE, GPPS, HIPS, and PET effective Dec 1, 2025. RIL reduced PP deemed export prices by ₹1,000/MT, while other major players maintained rates.