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Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create

State-owned PFC signs agreement with CVPPPL for Rs 1,870 crore term loan

State-owned PFC on Friday said it has signed an agreement with the Chenab Valley Power Project Private Limited (CVPPPL) to extend a term loan of Rs 1,869.265 crore. The CVPPPL is a 51:49 per cent Joint Venture of NHPC LTD and Jammu And Kashmir State Power Development Corporation Limited (JKSPDC), Power Finance Corporation (PFC) said in a statement. PFC signed an agreement with CVPPPL for Rs 1,869.265 crore term loan, it added. With this agreement, the financial closure for Kiru HEP (hydroelectric project) for Rs 3,738.53 crore has been achieved, PFC said. As per the agreement, the loan will be used to develop and construct the greenfield Kiru Hydro Electric Project (4x156 MW) on the river Chenab in the Kishtwar District of Jammu & Kashmir. PFC, under the Ministry of Power, is the largest non-banking financial company (NBFC).

PSU stocks climb up to 9% as exit polls predict landslide victory for BJP

Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels

Buy & sell ideas for June 03 from Anand Rathi: NHPC, SJVN, Campus

After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

Bullish on PSU Banks, CPSE stocks? UCO Bank, SJVN look strong on charts

Stock market outlook on Nifty PSU Banks, Nifty CPSE stocks: Technical chart suggests up to 22 per cent upside for UCO Bank, SJVN, NHPC and Bank of Maharashtra; here's why.

NHPC, Tech Mahindra are top buying picks by HDFC Securities for May 22

Stock Price has broken out from downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance

NHPC Q4 results: Net profit declines 18% to Rs 611 crore, revenue falls

State-owned NHPC Ltd on Friday reported an 18 per cent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues. The company had reported a net profit of Rs 745.27 crore in the year-ago period, the company said in an exchange filing. The company's revenue from operations reduced to Rs 1,888.14 crore from Rs 2,028.77 crore in the January-March period of the 2022-23 fiscal. NHPC's expenses were at Rs 1,393.67 crore from Rs 1,545.48 crore a year ago. For the entire fiscal, the company's net profit was at Rs 4,028.01 crore as against Rs 4,260.83 crore a year earlier. The board of the company also approved a final dividend of Rs 10 per equity share for FY24.

Q4 results today: NHPC, ZEEL, Pfizer among 116 firms to post earnings today

Q4 FY24 company results: Delhivery, JSW Steel, Godrej Industries, Bandhan Bank and many more companies are slated to release their fourth-quarter earnings

Zydus Lifesciences, Hero Motocorp, NHPC, Bosch in line for largecap upgrade

The Association of Mutual Funds in India (Amfi) announced a revised list of largecap, midcap and smallcap stocks biannually (January and July)

Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach

Stocks to Watch on Monday, April 1, 2024: Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities

NHPC inks agreement with Japan's JBIC for around Rs 1,100 crore loan

State-owned hydropower giant NHPC on Thursday said it has inked a loan agreement of JPY 20 billion (around Rs 1,100 crore) with Japan Bank for International Cooperation (JBIC) for developing a 300 MW solar project in Bikaner, Rajasthan. This is the first kind of loan syndication by NHPC with JBIC for the financing of renewable energy project, a company statement said. According to the statement, JBIC's loan is co-financed with MUFG Bank Ltd., Japan and Bank of Yokohama Ltd, Japan. NHPC has secured a foreign currency loan of JPY 20 billion from JBIC for the implementation of renewable projects, including a 300 MW solar power project, Bikaner, it stated. The loan agreement was signed by the senior officials of NHPC and JBIC. The facility is extended under JBIC's GREEN Operations (Global Action for Reconciling Economic Growth and Environment Preservation), which ensures the preservation of the global environment.

Stocks to watch: Maruti Suzuki, NHPC, Dr Reddy's, Biocon, REC, GOCL Corp

Stocks to watch on March 28: Adani Power has awarded a contract valued at Rs 4,000 crore to Bharat Heavy Electricals for the establishment of a thermal power plant in Chhattisgarh

NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs

State-owned NHPC on Wednesday said its board has approved a proposal to raise Rs 6,100 crore in debt in 2024-25. The Board of Directors of NHPC in its meeting held on Wednesday considered and approved the proposal for raising of debt up to Rs 6,100 crore during 2024-25 through non-convertible Corporate Bonds in one or more tranches on private placement basis, term loans or external commercial borrowing in tranches, a BSE filing said. Further, the Board of Directors in the meeting has also given its in-principle approval for closure of Loktak Downstream Hydroelectric Corporation Limited (a Subsidiary Company of NHPC Limited and Joint Venture with Govt. of Manipur), subject to the approval of DIPAM, Ministry of Power and Govt. of Manipur, it stated.

NHPC bags 200 MW solar project in Khavda Renewable Energy Park in Gujarat

State-run hydro power giant NHPC has bagged a 200 MW solar project which will be set up at Gujarat State Electricity Corporation's 1,125 MW renewable energy park at Khavda, in Gujarat. The e-reverse auction for the project was conducted by GUVNL (Gujarat Urja Vikas Nigam) on March 2, 2024 and the Letter of Intent was issued on March 14, 2024, a company statement said. The project was secured at a tariff of Rs 2.66 per unit and will be completed in a period of 18 months. The project will generate about 473 million units in the first year of commissioning and the cumulative generation from the project over a period of 25 years would be about 10,850 million units. The NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of about Rs 847 crore.

Stocks to watch: Wipro, JM Financials, JSW Energy, NHPC, Zomato, Aavas Fin

Stocks to watch on 06, March, 2024: Wipro is set to acquire a 27 per cent stake in SDVerse LLC, aiming to enhance its leadership in software-defined vehicle and cloud car engineering services.

NHPC to set up 1,200 MW solar project in UP at Rs 797 cr investment

State-owned NHPC expects to complete the proposed 1,200 MW solar power project entailing an investment of Rs 796.96 crore in Uttar Pradesh in two years, the company said on Tuesday. Prime Minister Narendra Modi on Monday laid the foundation stone of the solar project through virtual mode. NHPC in an exchange filing stated that the Jalaun Ultra Renewable Energy Power Park at Orai in the Jalaun district of Uttar Pradesh will be developed by its subsidiary, Bundelkhand Saur Urja Ltd, at an investment of Rs 796.96 crore. "The park is proposed to be constructed in 24 months from the investment approval and will generate about 2,400 MUs (million units) of electricity every year," NHPC said. NHPC, under the Ministry of Power, is the largest hydropower development organisation in India, with capabilities to undertake all the activities from conceptualisation to commissioning of hydro projects. The Faridabad-based company has also diversified into solar and wind energy development.

MSCI rebalancing exercise likely to drive $1 billion in domestic stocks

Despite the positive trigger, shares of NHPC, NMDC, PNB and Bhel fell sharply on Monday amid a broad-based selling in shares of PSUs

NHPC Q3 results: Profit declines 19% to Rs 628 crore on higher expenses

State-owned NHPC on Monday posted a 19 per cent fall in its consolidated net profit to Rs 628.44 crore for the October-December quarter of 2023-24 due to higher expenses. The hydro-power producer had reported a net profit of Rs 775.99 crore in the October-December period of 2022-23, the company said in an exchange filing. The company's total income also fell to Rs 2,549.69 crore in the quarter from Rs 2,691.34 crore a year ago. Expenses rose to Rs 1,727.85 crore in the quarter under review from Rs 1,303.06 crore in the third quarter of the last fiscal. The board of the company approved an interim dividend of Rs 1.40 per equity share for the financial year 2023-24. It fixed February 22 as record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend. NHPC, under the Ministry of Power, is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydr

Street Signs: A case for PSU share sales, Nova Agri GMP at 50%, and more

The promoter shareholding in Jio Financial Services, a unit spun off from Reliance Industries, has edged higher for a second straight quarter