Chennai, Nov 12: With the state’s daily electricity demand averaging 16,000 megawatts (MW), Tamil Nadu is gearing up for a massive power procurement exercise worth over Rs 25,100 crore over the next five years to ensure uninterrupted supply during both regular and peak hours.

According to the Tamil Nadu Generation and Distribution Corporation (TANGEDCO), the state currently generates an average of 3,000 MW from thermal plants, 1,000 MW from hydropower stations, and around 150 MW from gas-based plants.

The remaining demand is met through central generating stations and private power companies. To address the increasing consumption, particularly during high-demand periods, the state has floated tenders to procure 500 MW of electricity every day during peak hours for the next three years. In addition, a five-year tender has been issued to purchase 1,000 MW of power round the clock from private producers.

The peak hours, between 6 a.m. and 10 a.m. and again from 6 p.m. to 10 p.m., are the most expensive period for electricity procurement. Even if the maximum tariff is capped at Rs 8 per unit, the daily expenditure for 500 MW would amount to nearly Rs 3.2 crore, translating to about Rs 3,500 crore over three years.

Meanwhile, the 24-hour supply agreement for 1,000 MW over five years is projected to cost approximately Rs 21,600 crore. Together, the total outlay for both arrangements will reach Rs 25,100 crore.

Officials noted that the decision was made to prevent outages during the upcoming northeast monsoon season and to maintain grid stability as the state’s demand continues to rise steadily.

The government is also exploring renewable energy integration, with a focus on solar and wind sources, to gradually reduce dependence on costly thermal and imported power.

The new procurement strategy is expected to provide crucial support to Tamil Nadu’s industries and domestic consumers alike, ensuring a stable and reliable power supply despite fluctuating generation levels from hydel and renewable sources.

Navi Mumbai: The APMC wholesale vegetable market saw an increase in tomato prices by over 30 percent in first week of November as compared to the prices in October 2025. According to the report, prices of tomatoes in October were sold in APMC at Rs 16 -20 per kg and have now increased to Rs 20-28 per Kg.

The supply of tomatoes have also reduced on Monday, as report by Loksatta stated that only 2238 quintals of tomatoes arrived in the APMC Market.

According to the report, traders said that cold weather and imbalance production of tomatoes led to the increase in price, adding that in the last few days, the supply of goods from Nashik, Pune and Nagar areas also reduced.

According to the report, farmers have cautioned about crop damage caused by unseasonal rainfall and the current cold weather, stating that there is a significant chance that the produced crop’s flowers and buds will fall.

Several other reports added that the price of green peas, cluster beans have also gone up. Price of green peas increased to Rs 280 per kg, cluster beans reached Rs 200 per kg while that of Tinda (Indian round gourd) have rised to Rs 50 for 250 grams.

According to Regional Meteorological Center,Mumbai, the climate in Pune, Nashik is expected to see dry climate till November 15. Indian Meteorological Department (IMD) Mumbai scientist Shubhangi Bhute added that, “there are no signs of unseasonal rainfall currently. With the northeasterly winds prevailing, the temperature will drop. The weather will be dry and skies will be clear.”

Mumbai, Nov 11: The Indian benchmark indices opened mildly in red on Tuesday, amid progress on the US shutdown bill and optimism regarding an India-US trade deal soon.

As of 9.25 am, the Sensex was down 177 points, or 0.21 per cent at 85,338 and the Nifty inched down 51 points, or 0.20 per cent to 25,523.

The broadcap indices performed better than benchmarks, with the Nifty Midcap 100 down only 0.09 per cent and the Nifty Smallcap 100 losing 0.06 per cent.

TCS, Tech Mahindra and Dr Reddy’s Labs were among the major gainers in the Nifty Pack, while losers included Bajaj Finance, Bajaj Finserv, Shriram Finance and Asian Paints.

Sectoral indices were trading mixed with most of them trading with mild negative bias. Nifty IT was the standout gainer up 0.31 per cent, while financial services, FMCG, Pharma and PSU Bank down 0.71 per cent, 0.49 per cent, 0.16 per cent and 0.57 per cent respectively.

“Nasdaq bounced back 2.2 per cent after the AI trade was weak last week. The return from AI stocks may take longer than expected, but there is no bubble in AI stocks, unlike the Tech bubble that crashed in 2000,” said market watchers.

They noted that Nasdaq PE was above 70 and many tech stocks were above 150 in March 2000, and AI stock PE valuations now range from 28 to 51, while Nasdaq’s PE is 32.

Most of the Asia-Pacific markets rose in early trading sessions on Tuesday tracking Wall Street gains on revived optimism regarding artificial intelligence stocks.

The US markets ended in the green zone overnight, as Nasdaq jumped 2.27 per cent, the S&P 500 added 1.54 per cent, and the Dow inched up 0.81 per cent.

In Asian markets, China’s Shanghai index lost 0.46 per cent, and Shenzhen dipped 0.67 per cent, Japan’s Nikkei added 0.43 per cent, while Hong Kong’s Hang Seng Index eased 0.29 per cent. South Korea’s Kospi jumped 1.38 per cent.

On Monday, foreign institutional investors (FIIs) sold equities worth Rs 4,889 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 1,787 crore.